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How hot is California real estate? It got 99% of its jobs back

Construction Workers On Site

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California’s real estate industry — powered by low mortgage rates, a homebuying binge and a construction push — is nearly back to its pre-pandemic employment levels.

When my trusty spreadsheet looked at state jobs data, 15 property-related categories had a total 2.92 million workers in April — down only 43,500 from February 2020, just before COVID-19 chilled the economy.

 

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