We are seeing some positive upticks in the economic recovery around the world.  In Los Angeles – as in many other regions – there have been various ups and downs but latest news is indicating that at least in employment and jobs, things are looking up.

According to a recent report from the  UC Riverside School of Business Center for Economic Forecasting and Development, both the job and housing markets are showing strength in Los Angeles. The labor market in Southern California has returned 70 percent (52 percent nationwide) of the jobs that were lost at the beginning of the pandemic in 2020.

Housing figures are likewise showing optimism.  In fact, housing has actually been one sector that has done quite well with the pandemic with the first quarter of 2020 having a 17.8% increase in median home price. In LA County sales jumped 117% and prices of homes increased 25%.