2010 Housing Forecast - California

Marcie Geffner - California Real Estate

When it comes to employment and housing, California might well be called a tale of two states.

In one state, which is made up mostly of coastal counties from Oregon to Mexico, unemployment is no more than 13 percent and more often 10 or 11 percent. In the other state, which is comprised mainly of Central California, again from border to border, unemployment stands at more than 13 percent and often as high as 15 or 16 percent. There are a few anomalies among the state’s 58 counties, but if you plotted those unemployment rates on a color-coded map, the geographical disbursement of joblessness would be starkly apparent.

Still, that doesn't mean there won't be opportunities for Realtors, according to Leslie Appleton-Young, chief economist of the California Association of Realtors.

Read on: http://www.onlinedigitalpubs.com/publication/?i=30208&p=25