Consumers have recovered
U.S. Retail Sales
600
550
500
450
400
350
300
1/1/2020 2/1/2020 3/1/2020 4/1/2020 5/1/2020 6/1/2020 7/1/2020 8/1/2020 9/1/2020 10/1/2020 11/1/2020 Retail Sales Retail (x Food/Autos)
CALIFORNIA ASSOCIATION OF REALTORS®
$ Billions