Since California’s housing prices hit an all-time high in June of 2018, the market has been creeping toward a decline. However, nearly half of the 100 most expensive zip codes in the U.S. are still located in the Golden State.
The 2019 Nelson Workplace Trends Report revealed data suggesting that housing is and will continue to be a problem for employers, because the hefty prices lead to longer commutes and the need for higher salaries – as well as contribute to lost candidates and outmigration from the state.
While no one can predict exactly how the housing market will affect employers in the coming years, we can prepare for the worst- and best-case scenarios. In this on-demand NELSONtalks webinar with Dr. Robert Eyler, Dean of the School of Extended and International Education, Professor of Economics, and Director of the Center for Regional Economic Analysis at Sonoma State University, we discuss:
- What current data suggests about housing’s impact on employers
- The effect of “outmigration” of lower-wage workers on the future of employment in California
- Ways employers can prepare for different economic scenarios in 2020 and beyond