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Merced housing prices are growing the fastest in the Valley, report says. Here’s why. Merced Sun-Star. By Thaddeus Miller. 12/17/18 The Flu is Back!Be a Flu Fighter!
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Merced housing prices are growing the fastest in the Valley, report says. Here’s why. Merced Sun Star. Home prices grew faster in Merced County in 2018 than in any other county in the Central San Joaquin Valley, according to a recently released business report.
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Rates of unemployment in the Valley’s cities (Merced, Modesto, Salinas, and Stockton) are still higher than in California’s coastal cities (Merced’s is the highest, at 12.3%). But traditional buyers have returned, especially at the northern end of the valley, says Folsom, Calif., regional housing economist Greg Paquin.
Analysis of the Modesto, California Housing Market as of July 1, 2004 5 Trade and transportation has been the fastest growing segment, consistently accounting for one-fifth of total employment. This industrial evolution in the HMA mirrors the nationwide shift to a service-based economy, but is also due in large part to the local
The state’s report, released this month, also projects that Madera and Kern counties will be among the state’s 10 fastest-growing counties by mid-century. The three counties trail only Yolo, the report says. Merced County’s population is projected to grow by nearly 68 percent between 2015 and 2060, reaching 452,519 residents.
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Some counties in the Valley saw significant population increases, including Kings, Placer, Merced and San Joaquin. Of the 20 fastest-growing counties in the state last year, 12 were in the Central.
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