| Real Estate & Economics |
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Sonoma County Economy and Sonoma Real Estate Solid and Strong As most things thrive in Sonoma County, so too has the economy. Unemployment rates have been consistently lower than both state and national rates for a decade. The area has been very attractive to new and start-up businesses, making Sonoma County real estate remain a solid investment. In a 2008 report from the Sonoma County Economic Development Board, the diversity of the economy was cited as a reason for relative stability on the area. With no one sector dominating economic activity, the effects of economic downturns are minimized, the report said. Sonoma County is home to prestigious wineries and large agricultural operations; tourism is a major source of revenue; tech companies repeatedly choose Sonoma County for start-ups and expansion and, the world famous purveyor of organic frozen foods – Amy’s Kitchen is at home in Sonoma County – among hundreds of other innovative businesses. Although Sonoma County is one of the state’s high per-capita income counties, it still has a better distribution of income than other comparable counties in California. This economic equity makes Sonoma homes more accessible to a greater number of people. The poverty rate in Sonoma County is below that of other California counties with similar population. Sonoma real estate remains a good investment despite fluctuations in the economy. Sonoma homes generally retain good value because the business climate and natural environment are so attractive. New companies locating in Sonoma create new jobs for people at all ends of the earning scale. This economic vitality, coupled with the natural environment make owning a home in Sonoma County a long term investment that will pay financial and personal dividends.
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