California Weekly Data: April 24, 2021

Market Report provided by California Association of Realtors

The majority of the economic and market data remains positive, with several encouraging developments of late. April home sales remained robust through the weekend, fueled by ongoing growth in buyer demand. Additionally, rates have started to help out—falling below 3% for the first time in 7 weeks. The ongoing improvements in California’s public health numbers have enabled the economy to improve significantly as well. In addition to the uptick in jobs we reported on last week, the unemployment rate and new unemployment claims are both falling. There are still nearly 2 million workers on the state’s unemployment rolls, so there’s still significant healing left ahead of us, but overall, the past week has seen the economy and the market get better