California Weekly Data: July 31, 2021

Market Report provided by California Association of Realtors

Last week, we saw signs of continued improvement in the broader economy coupled with ongoing reasons to be optimistic about the housing market overall. In addition, there was better news on the structure and health of the underlying financial system with encouraging signs on forbearances. However, there were also signs that the economy still has a long way to go for full recovery as GDP underwhelmed and the COVID numbers in California surged. Ultimately, this means that while we remain upbeat, it is also important to remain realistic that many significant challenges remain ahead.