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Economic update for the week ending July 10, 2021
Stocks slightly higher after turbulent week – Stocks markets exhibited huge swings this week. Thursday markets plunged over one percent as investors feared that thespike in new COVID Delta variant cases would slow the progress of the world re...
Elder Facility to Replace Church Buildings in Encino
The site of an Encino church will transform into 146 senior apartments, according to a filing with the Los Angeles Department of City Planning. Century City real estate developer Geneva Street Partners and Denver’s Spectrum Retirement Comm...
Economic update for the week ending July, 3, 2021
U.S. employers added 850,000 jobs in June – The Department of Labor and Statics reported that 850,000 new jobs were added in June. That was a much higher than the 559,000 new jobs added in May, and the most jobs added in 10 months. The unempl...
Southern California home prices up 24.7% year-over -year in May
Southern California home prices increased 24.7% year-over -year in May – Real estate data company DQNews (formerly CoreLogic/DataQuick) reported that May existing home sales in their six county Southern California region Jumped over 100% from...
Supervisors Extend Eviction Moratorium in L.A. County
L.A. County tenants have been granted three more months of protection from eviction. The Board of Supervisors on Tuesday extended its coronavirus eviction moratorium through Sept. 30, according to media reports. The eviction moratorium me...
California home prices reach a new all-time high again in May
The California Association of Realtors reported that existing home sales totaled 445,680 on a seasonally adjusted annualized rate in May. That marked a month-over-month decrease of 2.7% from the near record number of homes sold in April. Year-o...
Calabasas City Council Shoots Down West Village Project
Calabasas City Council has unanimously rejected a 180-unit residential project based on its environmental impact report. New Home Co. has been plugging away at expanding its footprint in the city with West Village at Calabasas, a mixed-use c...
Economic update for the month ending April 30, 2021
Stock markets – The Dow Jones Industrial Average closed the month at 33,874.85, up 2.4% from 33,066.96 at the end of March. It is up 10.7% year-to-date. The S&P 500 closed the month at 4,181.17, up 4.6% from 3,958.55 last month. It is up 11.3...