I don't know. All I know is that the economy in Silicon Valley is strong, companies are doing well now and there are want-ads for workers everywhere. There is a lot of building going on from SF down to SJ, cranes are in evidence building everywhere. In my town of SSF there are many large-scale projects being worked on, including a new rail station with surrounding hotels and residential towers, and a new marina. The downtown business district has gone upscale with multiple new restaurants and stores. Changes happening all around here, more than I've seen in decades.
Some reports are quite negative and others appear not to be bad at all.
Interesting.
Thanks for mentioning what you're seeing. Actually glad to hear some areas are doing better.
Others may not share my view of Southern California, but I'm not impressed by what I'm seeing.