It isn’t just billionaires leaving California. Anecdotal data suggest there is also an exodus of regular people who load their belongings into rental trucks and lug them to another state. U-Haul’s survey... Read more »
In the face of concerns about a potential economic downturn, recent reports indicate that the U.S. job market continues to thrive. While this may seem like universally positive news, its implications for... Read more »
The last time California ranked 51st for job growth before 2023 was the year Bill Clinton was sworn in as president, Beanie Babies were introduced, the first “Jurassic Park” hit the big... Read more »
Real estate jobs have rebounded across Southern California with the hottest hiring spree in seven years, despite sluggish home sales in the wake of higher interest rates. Property-related work across Los Angeles,... Read more »
Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part of the COVID-19 recovery period are... Read more »
Employers kept a brisk hiring pace in December, exceeding economists’ expectations by 46,000 jobs. Jobs increased by 216,000 in December, up from 173,000 in November, according to data released by the Bureau... Read more »
After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation... Read more »
Total mortgage delinquencies rose slightly in the third quarter of 2023 as the job market cools and inflation puts more pressure on homeowners. However, delinquency rates are still well below historical averages,... Read more »
Fifteen years ago, the TARP bailout bill was signed into law. $700 billion in taxpayer funds were authorized to help stabilize the economy in free fall in the wake of the Lehman bankruptcy... Read more »
The newly-updated Fannie Mae November Selling Guide now bars job offers or contracts for future employment from family members or interested parties involved in a transaction. “We revised our policy to make... Read more »