Ways to encourage real estate purchases:
#1 - Tax incentives
#2 - Informed representation
#3 - Employment
We already know that #1 and #2 are already in effect, but #3 is beginning to look promising. Even with California's unemployment rate well above the national average, economists are saying that the worst is over. However, it is important not to focus on the unemployment rate. We can expect the unemployment rate to increase slightly as people being looking for work as new jobs become available. In January California added 32,500 jobs in multiple sectors.
This is crucial to the real estate recovery.
People need jobs to buy real estate, and to maintain mortgages.
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