California Housing Market Improving_May 9 2023

California Housing Market Improving Slowly But Faces Tight Inventory Challenge

  • California’s housing market is gradually improving, but tight inventory remains challenging for buyers.
  • Residential spending has dipped for the tenth month due to single-family outlays.
  • California’s population decline has slowed due to stable births, fewer deaths, and a rebound in foreign immigration.
  • Statewide housing growth increased in 2022, but more is needed to meet California’s population demands for housing.

The State of the Labor Market in Ventura County: Opportunities and Challenges

Ventura County Economic Outlook

Ventura County’s labor market faces several challenges, including a declining population, net out-migration, and a restrictive impediment to new growth represented by SOAR. Although the unemployment rate is low, unfilled job openings remain high, and job growth is lagging compared to neighboring areas. The labor force is also a limiting factor to job creation for many sectors, and the pandemic has only added to these challenges.

  • Ventura County has a low unemployment rate, but unfilled job openings remain high.
  • The labor force is a limiting factor to job creation for many sectors.
  • The pandemic has added to the challenges the Ventura County labor market faces.
  • Despite these obstacles, many opportunities are still available for job seekers in Ventura County.

Breaking Barriers in Real Estate: C.A.R. Collaborates with Top Experts to Tackle Fair Housing Issues

VCCAR DEI Committee members pictured from left: Julio Gomez, DEI Chair – Melissa Hunter, and Bridget Goncalves

On April 11th, the California Association of REALTORS® (CAR) held their 2nd Annual Fair Housing Event in West Hollywood. The Ventura County Coastal Association of REALTORS® (VCCAR) DEI Committee was among the attendees, who came together to discuss ways to eliminate biased opinions in the real estate process.

Breaking Barriers in Real Estate