Californians stay home

  After five years of stirring up the real estate pot, Californians have stopped moving east, and newcomers are moving to the coast again. That's the conclusion of private researchers who studied surrendered drivers' licenses in the Golden State. It marks the first time in six years that more people are moving into the state than leaving, says Stephen Levy, director of the Center for Continuing Study of the California Economy. Between June 1996 and July of next year, he estimates 25,000 people will move to California. "It is job driven," Levy told the Oregonian. "The California economy has recovered, and the state is growing again." While job creation rates are still higher in other Western states, the upturn in California might well mean a slight deceleration in job growth and real estate prices elsewhere. For a synopsis of the research, contact the Center for Continuing Study of the California Economy, 610 University Ave., Palo Alto, CA 94301 (415/321-8550).