Those of you who follow this blog will find the following to sound familiar>  When the jobs market is strong, the local housing market usually follows suit.  The latest statistics in the Bay Area once again bear this out.  Interested in the reasons? Take a look at the following.

The Bay Area’s high-performance economy has been driving demand for housing for the past five years, and the region’s job market appears stronger than ever in 2018.

A new analysis from job-search website ranks the 25 best U.S. markets for job seekers this year on a 100-point scale. The company bases its rankings on four criteria: the favorability of  the labor market, the average salary adjusted for cost of living, work-life balance, and job security and advancement opportunities.

California cities make up nearly one-quarter of the top job markets in America, with San Jose in the No. 1 position, up from No. 6 on 2017’s list. With a perfect score of 100, San Jose ranks first in the nation for job market favorability, third for work-life balance, and fifth for job security. notes that tech jobs make up 12 percent of positions in San Jose, four times the national average.

San Francisco claims the No. 2 spot on the list, up from No. 12 last year. The city earned a score of 83.3, placing second for job-seeker favorability, fifth for work-life balance, and sixth for security and advancement.

Although Bay Area companies tend to pay workers well, San Jose and San Francisco ranked a respective 35th and 34th in the salary category. says that this suggests that the high cost of living in California is outpacing wage growth.

Four other California cities rank among the nation’s 25 best job markets: San Diego (No. 4), Los Angeles (No. 5), Sacramento (No. 7), and Riverside (No. 13). All of those cities were included in 2017’s list, and this year, Los Angeles takes the top spot for best work-life balance.

According to a recent analysis by Pacific Union Chief Economist Selma Hepp, California’s unemployment rate once again reached an all-time low in February: 4.3 percent. The latest numbers from the California Employment Development Department show that five Bay Area counties have the lowest unemployment rates in the state: San Mateo (2.4 percent), Marin (2.5 percent), San Francisco (2.5 percent), Santa Clara (2.9 percent), and Sonoma (3.0 percent). 

The reasons are simple!  If folks are earning a good income, or if the unemployment rate is low, that means that they can afford to buy a home, even when prices are in a strong upswing.  It’s just common sense.  If you have money, you can afford to have the house that offers all of the amenities you want.

This benefits BOTH Buyers and Sellers.  If a Buyer you be, you are likely able to find and purchase the home of your dreams.  If, on the other hand, you are a Seller, a solid employment market makes it more likely that you’ll have qualified buyers coming around to see your house and, if it meets their needs, make you a solid offer.

Are you ready to take advantage of this market?  Are you already seriously looking?  Give us a call!  We can offer you the benefit of over sixty years’ combined experience in the Marin real estate market.  The numbers to call are: Peter: (415) 279-6466; Jane: (415) 531-4091.  We look forward to hearing from you!