If you’ve been considering selling or buying Real Estate and have not done so, maybe this will move you to action. Mortgage Rates Basically at the Best Levels Since 2016! For buyers, this is a fantastic moment because you can buy more home for the same monthly payment that you may have been quoted as recently […]
By Christopher Rugaber, The Associated Press The Federal Reserve is leaving its benchmark interest rate alone and signaling that it expects to keep low rates unchanged through next year. The Fed’s decision follows three rate cuts earlier this year. It reflects its view that the U.S. economy has so far withstood the U.S.-China trade war […]
The cost of renting in Los Angeles and Orange counties continued to rise at a 14-year high — increasing at a 5.7% annual rate in November vs. 5% a year earlier, according to a slice of the local Consumer Price Index. The last time this measurement by the U.S. Bureau of Labor Statistics showed a […]
The Olson Co. will hold a ribbon-cutting Thursday, Dec. 12 for Oak Walk, a community of 50 townhomes in Los Alamitos. The development at 3311 Sausalito St. will include three-story townhomes ranging from 1,295 square feet with two bedrooms and 2 ½ baths, to 2,188 square feet with four bedrooms and 3 ½ baths. Prices […]
Chapman University economic forecast has a decidedly different warning for the California economy: There may be no housing shortage. The school’s semi-annual forecast actually has a relatively upbeat outlook for the state’s real estate market for 2020. After that, says Chapman economist Jim Doti, he sees a chance of “severe weakness” for the state’s real […]
Proposition 13, California’s iconic property tax limit, was overwhelmingly approved by California voters 41 years ago and for at least 40 of those years, efforts have been mounted to repeal or change it. Initially, it was attacked in the courts, but survived. Thereafter, pro-spending interest groups — public employee unions, particularly — floated various proposals […]
Orange County is exploring selling land once slated for the 3,600-house Harmony development in Highland that was stalled by a judge’s ruling in 2018. The negotiating parties on the agenda for the Tuesday, Dec. 10, Orange County Board of Supervisors closed session meeting included a new player in the property’s saga, The Redlands Parks Conservancy, […]
Years after our country emerged from the Great Recession, several Southern California cities have failed to prepare for the next downturn. In October, California State Auditor Elaine Howle published fiscal health scores for 471 California cities. She found that many were ill-prepared to cover rising pension and other post-employment benefit expenses: a condition that would […]
Southern California’s job market appears poised to the end the year the way it started: with solid growth in most, but not all three, of its major metropolitan areas. There were 128,800 more jobs in Los Angeles, Orange, San Bernardino and Riverside counties in November than there were 12 months ago, the state’s Employment Development […]
The newly updated Star Tours attraction at Disneyland fully realizes the promise of digital screen-based attractions with a pair of spectacular new scenes based on “Star Wars: The Rise of Skywalker” just as the final film in the epic space opera saga hits movie theaters. Riders aboard Starspeeder 1000 spaceships surf massive waves on the […]
