Press Coverage

March 3, 2016
by Kevin Smith
Daily Bulletin

California boasts some of the highest wages and fastest rates of job growth in the nation but high housing costs are pushing many people out of the state, according to a trio of reports released Wednesday.

The reports from Beacon Economics in Los Angeles address “Employment by Income,” the “Current State of the California Housing Market” and “California Migration.”

March 3, 2016
by Stephanie Martin Taylor
California Report

 

March 3, 2016
by George Avalos
San Jose Mercury News

California's boom in high-wage jobs, such as those in the tech sector, has shoved housing prices skyward and threatens to squeeze low- and middle-income wage earners out of the Golden State, a report released Wednesday warned.

Those disturbing findings were contained in new research compiled by Beacon Economics and commissioned by Next 10, a San Francisco-based think tank.

March 3, 2016
by Erik Anderson
KPBS

California is adding jobs and wages are going up, but a new economic review warns a housing shortage could crimp the state's economic growth.

Three new reports from Beacon Economics looked at housing, wages and migration. The studies found California continues to create jobs and attract people from other states. However, the reports also find there is not enough new housing in the pipeline.

A growing population is increasing competition for housing, which is driving up prices. That situation isn't getting any better.

March 3, 2016
by Kelsey Thompson
Housing Wire

So, as it turns out, back in June 2014, California’s labor market finally recovered all of the jobs lost during the Great Recession, according to a report by Next 10.

Next 10, if you've never heard of them, employs research from leading experts on state issues and creates a portfolio of educational materials. They just got around to finalizing the crunching of the data, along with Beacon Economics, which is one of California’s leading economic research and consulting firms.

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