Southern California’s job market finished 2023 with record-high employment. My trusty spreadsheet, filled with state job figures, found 8.19 million at work in Los Angeles, Orange, Riverside, and San Bernardino counties in December – up 13,000 in a month – just off the local hiring average of 14,640 for December in 2015-19. November 2023 saw … Read more
By Felicia Mello | CalMatters California will dole out $250 million more in down payment assistance to first-time homebuyers this spring, while making changes to its 1-year-old program aimed at reaching a more diverse group of borrowers across the state. Last year frenzied homebuyers hoovered up nearly all $300 million budgeted for the California Dream … Read more
The “Looking Glass” ponders economic and real estate trends through two distinct lenses: the optimist’s “glass half-full” and the pessimist’s “glass half-empty.” Buzz: California foreclosure filings in 2023 were up 41% from the pace of the previous three years. Source: My trusty spreadsheet looked at Attom’s tally of homes with any level of foreclosure filings … Read more
Clippers forward Paul George dunks as Oklahoma City Thunder guard Shai Gilgeous-Alexander defends during the second half on Tuesday night at Crypto.com Arena. (AP Photo/Mark J. Terrill) Clippers forward Paul George celebrates after dunking during the second half of their game against the Oklahoma City Thunder on Tuesday night at Crypto.com Arena. (AP Photo/Mark J. … Read more
Lakers star LeBron James handles the ball as Oklahoma City Thunder forward Jalen Williams defends during the first half on Monday night at Crypto.com Arena. (AP Photo/Mark J. Terrill) Oklahoma City Thunder forward Chet Holmgren, top, shoots as Lakers forward Jarred Vanderbilt defends during the first half on Monday night at Crypto.com Arena. (AP Photo/Mark … Read more
Despite passage of at least 140 housing bills, California has made little progress in solving its 2.5-million-home shortfall, a panel of experts told Realtors last week. California’s municipalities issue fewer than 120,000 new home permits each year, according to the Federal Reserve Bank of St. Louis. But economists estimate the state needs to build 180,000 to … Read more
“How expensive?” tracks measurements of California’s totally unaffordable housing market. The pain: Even California’s “bargain” rents look expensive on a national scale. The source: My trusty spreadsheet reviewed 2023 average rent statistics from ApartmentList for 518 larger markets across the US – including 75 in California. ApartmentList’s figures combine pricing from landlord listings and Census … Read more
THOUSAND OAKS — The common narrative when a young team makes the postseason is that the players are just happy to be there. They aren’t supposed to be here, they’re in the playoffs ahead of schedule, so they’ve already overachieved. So here the Rams are, in the postseason, ahead of schedule after winning 10 games … Read more
California’s renters got a mild breather in 2023. When my trusty spreadsheet looked at ApartmentList’s rent data – a curious mix of landlord listings and Census stats – it’s clear that the Golden State remains a pricey place to be a tenant, even after pandemic-era rent hikes ended last year. The stats track rents in … Read more
By AUDREY McAVOY and DAVID KOENIG Federal officials on Saturday ordered the immediate grounding of some Boeing 737 Max 9 jetliners until they are inspected after an Alaska Airlines plane suffered a blowout that left a gaping hole in the side of the fuselage. This photo provided by an unnamed source shows the damaged part … Read more
