Recent Posts

Geopolitics Shape Markets, Fed Watch

Geopolitical headlines continue to materially impact market sentiment, and the latest news flow has been constructive. Israel and Lebanon agreed

March 2026 Monthly Bond Market Review

February economic data continued to reflect the measured disinflationary progression that has characterized conditions throughout the post-pandemic normalization cycle, with

Oil Spike, Fed Meeting Ahead

The conflict with Iran remained the primary driver of market sentiment this week. Oil prices spiked as global supplies remained

Markets Face Tariffs

Trade policy uncertainty continued to shape financial markets this week as replacement tariffs under Section 122 of the Trade Act

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.

READ MORE