Has the death of California been greatly exaggerated?

California real estate enjoyed a boomlet in 2012, with sales and prices up – especially along the coastal corridor. 2013 looks good too, with a lack of supply of available homes for sale already topping the list of worries among real estate professionals across the state.

In 2012, California added 248,000 jobs, according to Jonathan Lasner of the OC Register. He says that was twice the growth of 124,000 jobs during the previous year, and the largest hiring spree since 2006. Lasner shared an even longer-term view, reporting the number of jobs added was 42 percent larger than the 175,000-jobs-per-year growth averaged in the previous 60 years.