Recent Posts

Jobs Data Shifts Fed Outlook

September 4, 2026 The prior week’s Jackson Hole keynote by new Federal Reserve Chair Kevin Warsh struck a more hawkish

Fed Signals Patience

August 28, 2026 Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole address this morning, placing inflation firmly at

Labor Market Softens

August 7, 2026 The July employment report was the week’s dominant story as U.S. employers unexpectedly cut jobs during the

Fed Holds Amid Mixed Signals

This week included the much-anticipated Federal Open Market Committee meeting concluding on July 29th. The Federal Reserve held its policy

Treasury Yields Rise on Data

July 24th, 2026 A renewed climb in oil prices and firm economic data pushed U.S. Treasury yields to fresh highs

Whitepaper: Why Real Estate Drives California’s Fiscal Health

It has been stated time and again: Buying a home is the single largest investment most people make; home ownership is a key path to building wealth. For many, it is the American dream. But beyond the individual, what is real estate’s broader impact on the economy, communities, and society?

Economy

The real estate market has a significant impact on the general economy because it constitutes a large portion of the country’s economic activity. Real estate, rental, and leasing in California contribute approximately $539 billion (around 14%) to the state’s GDP per year, which is also the highest among all states in the U.S. Real estate transactions create economic activity across more than 20 related industries, including banking and lending, title and escrow services, home improvement retail sales, construction, legal services, insurance, and moving companies. Real estate-related activity fuels job creation and income growth for the broader economy.

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