California Losing Momentum as High-Tech Hub, Housing Hot Spot: Analyst

Growth in the number of advanced industry companies in the state has slowed significantly, according to a Chapman University report.
California Losing Momentum as High-Tech Hub, Housing Hot Spot: Analyst
A view of San Francisco, in this file photo. Don White/Getty Images
Mary Prenon
Mary Prenon
Freelance Reporter
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With net population outflows and a slowing pace of company formation in advanced industries in recent years, California is losing momentum as a long-standing high-tech hub and, by extension, a housing hot spot, according to a recent report from Chapman University.

Conversely, new high-tech hubs and housing hot spots are emerging.

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Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.