When it comes to the top 10 states in real estate revenue, California tops the list
By By Andrew J. CaseyPublished April 10, 2018 02:00:38A survey of real estate websites finds that California leads the country in total revenue from the sale of homes, apartments, condominiums, and rentals.
The survey was conducted by real estate site the Real Estate Investor for the American Institute of Architects (AIA) in May.
The survey also shows that California ranks as the third-most popular destination for renters, with California ranked #2 in all three categories.
The study found that California accounted for nearly 10% of all the revenue generated by realtors and real estate professionals nationwide in 2016.
The state is ranked #1 for sales and rentals, and the #1 state for real estate agents.
California ranked as the sixth-most-populous state, and its average sales and rental tax revenue was $6.3 billion in 2016, according to the AIA survey.
The number one destination for buyers in the United States was Virginia, followed by New York, New Jersey, Connecticut, and California, according the survey.
California ranked as one of the top states in terms of total home sales, as well as the number one state for rental sales.
The average sales price of a California home sold was $1,073,926 in 2016 and the average rental price was $739,542.
The total number of new listings in the state was 1,066,500 in 2016 , according to Real Estate Institute of California (REICCA) data.
The real estate industry is highly fragmented in California.
The California Real Estate Association (CREA), which represents the state’s real estate brokers and dealers, does not provide a breakdown of the amount of realtoring in the State.
CREA does provide data on the number of active realtores nationwide, but the data does not indicate the number that are licensed or employed.
Real estate sites surveyed by the AIO surveyed all of the major states in the country, as did real estate website RealHomeBuyers.com.
The Real Estate Insider survey found that the median income in California was $75,700, with the median home value of $1.9 million and median home price of $2.6 million.
In 2016, California was ranked #6 in terms, with a median household income of $50,900 and median household home value at $1 million.
California ranks #1 in terms for the percentage of new residential construction and the percentage growth in new home sales.
AIA reports that the average new home construction is 5% year-over-year, but a closer look at the AICA data reveals that the AITA reported an increase of 16.5% in home construction from 2016 to 2017.
California has a strong labor market.
According to the Census Bureau, the labor force participation rate (the percentage of the population with a job) was 64.1% in 2016 while the unemployment rate was 6.3% in that same year.
The population of the state is 74.4 million people, making it the eighth-largest in the U.S. and one of only four states to have a high population of over 100 million people.
California also has a high number of people living in poverty.
The number of poverty-level households in the entire state was 664,000 in 2016 according to data from the U: Census Bureau.
California’s poverty rate is 6.7%, the second-highest in the nation behind New York at 7.6%.
California also had the third highest rate of poverty among states with more than 30,000 residents.
The poverty rate for single adults is 21.6%, compared to 19.5%.
California’s unemployment rate for the year ending March 31, 2017 was 9.9%, the third lowest rate in the American states with unemployment above 10%.
The California Real estate Association also ranks California as the ninth most populous state in the Union.
The State Department of Finance reported that California’s population was approximately 6.8 million in 2016 with a population density of approximately 8,200 people per square mile.
The county with the highest density of population was San Diego County, with an average of 8,000 people per sq. mile.
In a statement, CREA said the survey data is based on a survey conducted by the American Association of Realtors (AAR), the real estate arm of the Association of Real Estate Brokers and Dealers of America.