California’s high housing costs and its impact on employment

Support for LAist comes from

Podcasts AirTalk

This is an archival story that predates current editorial management.

This archival content was originally written for and published on KPCC.org. Keep in mind that links and images may no longer work — and references may be outdated.

Jun 19, 2018

Listen • 14:19

California’s high housing costs and its impact on employment

Plenty of workers still move West each year for a new job in California.

SAN FRANCISCO - JUNE 06: Rows of houses stand June 6, 2007 in San Francisco, California. The National Association of Realtors announced today that it is lowering its forecast of the U.S. housing market as home sales continue to be weak. The NAR predicts that existing home sales will drop 4.6 percent to $6.18 million instead of 2.9 percent as previously forecast and new home sales are expected to slip 18.2 percent to 860,000 compared to the previous prediction of 17.8 percent. San Francisco has seen an 11 percent increase in inventory of properties listed for sale. (Photo by Justin Sullivan/Getty Images)

Plenty of workers still move West each year for a new job in California.

But the state's high cost of housing may be deterring many other job seekers from moving into the state. Business leaders up and down the state say California's expensive housing makes it challenging to recruit new workers -- and to keep existing employees here.

Read David’s full story here.

With guest host Libby Denkmann.