Winners and losersTo make this math relatively simple, the spreadsheet compared one-year periods when the California price index fell vs. when it was rising. Conversely, California prices rose three-quarters of the time. By the way, California prices rose 1.3% in the year ended in 2023’s third quarter, according to the FHFA index. So, the national Consumer Price Index grew at a 3.1% annual pace when California home prices dipped vs. 3.9% in price upswings. Ponder what my spreadsheet found when it ranked California unemployment by quarter, then divided the past 48 years into thirds.
