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A Santa Monica tech giant doesn’t intend to make employees return to the office if they don’t want to.
A defense contractor with a major presence in Palmdale now sees a hybrid online and in-person work schedule as the norm.
A Chatsworth toymaker is trying to figure out how to start bringing workers back to the office without losing talent in a competitive industry.
California employers are still figuring out what a return to the office means amid a global pandemic that has kept millions of office workers at home and disproved long-held myths about remote work. Some are adopting flexible schedules. Some are reopening their offices for a limited number of employees and restricting capacity based on local health regulations.
May 17, 2021
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John Burns Real Estate Consulting (JBREC) predicts a fresh wave of rental demand on the horizon as inventory remains low and buyer demand remains high. Both the rental and for-sale markets have held up strong during the pandemic due to Americans reevaluating their living situations. Despite many Americans desiring homeownership, now is a good time to rent, says JBREC. Inventory of existing homes dipped 27% year over year in the first quarter of 2021, with regional markets offering just two months of supply. The more popular Southeast and Southwest regions offer less than one month of supply.
2. Housing is expensive and about to get worse.
Big-dollar investors squeeze into San Antonio s tight housing market
Richard Webner, Contributor
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Out-of-town real estate investment firms, some of them backed by large institutional investors, are snapping up houses across San Antonio to rent or sometimes flip. These firms have acquired multiple properties on the same block on this street, Forest Canyon, in the Canyon Crossing neighborhood.Billy Calzada /Staff Photographer
In 2019, Lennar Homes of Texas finished construction of Escondido North, a subdivision of 334 one- and two-story homes packed onto thin lots in one of the few remaining wedges of undeveloped land within Loop 1604 in Converse.
By the end of the year, all the Northeast Side homes had been sold and it’s easy to see why.
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There s been a lot of optimism in the past few months that the US economy would bounce back from the pandemic with a 7% growth spurt this year, boosted by the rollout of vaccines, fiscal stimulus and pent-up demand. It s one of the reasons why the S&P 500 closed Friday at an all-time high.
But just as most of the country was speeding into reopening, April s disappointing jobs report cast doubt over whether we ll be able to achieve those lofty growth forecasts. If the millions of workers who lost or left their jobs in 2020 don t rejoin the workforce this year, those 7% growth expectations will prove to be far too high.
May 10, 2021
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Strong housing demand is expected to continue through the next few years as the largest age group in the country enters the median entry-level buyer age of 33. According to John Burns Real Estate Consulting, the largest age group in the U.S. is 27 to 31 year olds. Appealing to these buyers through marketing and home design can result in high sales for builders. The Burns Housing Survey from the Front Lines found that builders focusing on entry-level buyers are reporting the strongest sales and many builders note entry-level buyers are spending much more than they used to.
“Younger buyers (