Introduction

This report examines data spanning from January 2001 to April 2021. Two-year medium-term forecasts are from May 2021 to June 2023. Forecasting a range rather than a point provides a more realistic assessment of likely future values. When actual numbers fall within the upper and lower forecast bands, the forecast is deemed accurate. The remainder of this report is structured as follows: labor market conditions for the San Joaquin Valley; a look at the real estate market in the eight metropolitan statistical areas of the Valley; a discussion of prices and inflation; an examination of indicators from local banking and capital markets; and a conclusion.

San Joaquin Valley

San Joaquin

Merced Madera

Fresno

Kings Tulare