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Check out our 2017 Community Indicators Project!

Update:
 December Employment and Housing Data Now Available!



 

Santa Barbara County's Market Health Index - which measures market healthiness from 0 to 10 and is based on a combination of home value growth, foreclosure rates, home equity, and market inventories - decreased by 17% over the month from 9.01 to 7.47. Despite this decrease, the Market Health Index for the county is up 31% since December 2016. Most of the decrease is attributed to a 33% decline in Solvang from 9.12 to 6.08 and a 24% decline in Goleta from 9.38 to 7.17. Montecito experienced the lowest decrease in it's Market Health Index, staying relatively the same. As a whole, the state of California continues to inch closer to full recovery with the median home value in December at 98% of its pre-recession peak.  See all the numbers and remaining housing data here.


 

October employment data shows promise for Santa Barbara County labor markets. The unemployment rate, which is currently at 4.2%, has decreased by 0.7 percentage points since September. Over the last month, Leisure and Hospitality employment has shown the largest increase (4.3%) with Government (2.0%) while the Other Services and the Transportation, Warehousing, and Utilities industries experienced the least amount of growth at -1.4% and -1.0%, respectively. Total nonfarm payrolls increased by 0.9% from September to October. See all the numbers and remaining employment data here.

Recent Content

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View the latest housing and employment data.  
  • Latest Employment Data: 9/15/2017
  • Latest Housing Data: 9/20/2017
Mollie-Crutcher-Photography-UCSB-ES-2015-7827

Check out coverage and full presentations from our 2017 South County and North County Economic Summits.

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Read articles describing the latest local data and articles discussing various features of the local economy (seasonality, banking industry concentration, etc.).