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Economic update for the week ending November 12, 2022

Nov 13, 2022 Stock markets surged as key report revealed that inflation moderated in October - The Consumer Price Index (CPI) rose 7.7% year-over-year in October, it’s lowest year-over-year increase since January. The CPI peaked at 9.1% in June, but had r...

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Sylmar to See 100-Unit Residential Project

Nov 8, 2022 A five-story, 100-unit apartment complex has been proposed in Sylmar. According to the Real Deal, San Fernando Valley developer Albert Gonzalez has filed an application with the Los Angeles Department of Planning to create the mixed-use proj...

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Economic update for the week ending November 5, 2022

Nov 5, 2022 The U.S. economy added 261,000 new jobs in October - The Department of Labor and Statistics reported that 261,000 new jobs were added in October. The unemployment rate inched up to 3.7%, just off the 60-year low of 3.5% last month, and back ...

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Economic update for the week ending October 29, 2022

Oct 29, 2022 Stock markets had another winning week - Stock markets climbed again this week with the Dow hitting a 2-month high. Although there was no let-up in inflation, third quarter corporate earnings were stronger than expected in almost all sectors be...

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Economic update for the week ending October 22, 2022

Oct 22, 2022 Stock markets had their best week since June - Stock markets surged this week as investors bet on stocks being oversold in the last six weeks. Most stocks surged despite some disappointing third quarter profit results that brought some companie...

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