CITE THIS READING MATERIAL AS: Realty Publications, Inc. Real Estate Economics: Realty Almanac 2019-2021 Cutoff Dates: All economic data cited in this book have been researched and brought current as of May 2019. Copyright © 2019 by Realty Publications, Inc. P.O. Box 5707, Riverside, CA 92517 All rights reserved. No part of this publication may be reproduced or transmit- ted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage or retrieval system, without permission in writing from the publisher. Printed in the United States of America Editorial Staff Legal Editor: Fred Crane Project Editor: Carrie B. Reyes Senior Editors: Giang Hoang-Burdette Connor P. Wallmark Contributing Editors: Oscar M. Alvarez Benjamin J. Smith Graphic Designer: Mary LaRochelle Comments or suggestions to: Realty Publications, Inc., P.O. Box 5707, Riverside, CA 92517
[email protected] Table of Contents i For weekly, monthly or quarterly updates of all charts and data sets contained in this book, visit www.realtypublications.com/charts. Table of Contents Table of market charts .................................................................................................vii California’s Economic Recovery Timeline ......................................................xii Chapter 1.1 Employment: a prerequisite to renting or owning Income for the necessities of life ...........................1 Factor 1 Chapter 1.2 Jobs move real estate Jobs Jobs’ impact on real estate .....................................5