OK, California Housing Market

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Real Estate

OK, California Housing Market: First-Ever Population Decline Meets Biggest Home Construction Boom since 2008

California’s population didn’t exactly “collapse” or anything, but it declined by 0.46%, or by 182,083 people, in 2020, the “first negative growth rate” since population estimates have been collected, according to the California Department of Finance on Friday. At 39.47 million, California’s population has fallen to the lowest level since 2017, culminating a multi-year trend of declining but positive growth rates.

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Source: Wolf Street