Jonathan Lansner analysis links California job growth to home price gains

3 articles · Updated · OCRegister · May 7

Using 1990-onward BLS employment data and a Federal Housing Finance Agency index, he found California prices rose 8% annually in years with 3% job growth.
In the state's 12 weakest job years, employment fell 1% on average and home prices also slipped 1%, underscoring how paychecks shape housing demand.
Lansner said the pattern broadly holds nationwide: in the 12 best US job-growth years, prices rose 6%, versus 2% in the worst employment periods.

If weak job growth persists, can housing affordability truly improve without a painful economic recession?

As remote work allows high-earners to flee expensive states, is a major housing price correction inevitable for places like California?

With both buyers and sellers sidelined by high rates, what will it take to finally unfreeze the US housing market?