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Economic update for the week ending January 29, 2022
Jan 31, 2022 Stock markets ended the week higher after three straight weeks of loses - The fourth quarter GDP figure was announced Thursday. The Gross Domestic Product (GDP) is the broadest measurement of the health of the economy. It represents the value o...
L.A. County’s Eviction Moratorium extended through the end of 2022
Jan 28, 2022 The LA County Board of Supervisors voted on January 25th to extend the County’s Eviction Moratorium through the end of 2022. Starting April 1st, protections against evictions for nonpayment of rent incurred on or after April 1st, 2022 will be...California Home Sales, Prices Ease in December
Jan 25, 2022 California home sales and prices moderated in December as mortgage rates edged higher, but home sales for the entire year recorded the strongest pace since 2009, exceeding 2020’s level by 7.9 percent, C.A.R. reported last week. Closed escr...
Combo of Apartments and Storage Units Proposed in Sylmar
Jan 23, 2022 A storage company has proposed to develop a pair of buildings combining self-storage facilities and residential apartments in Sylmar. According to an Urbanize.LA report, Redondo Beach-based Trojan Storage has applied to Los Angeles Departme...Economic update for the week ending January 22, 2022
Jan 23, 2022 Stock markets suffered deep loses this week - Fears of higher interest rates due to The Federal Reserve’s shift in policy to combat inflation hit stock markets hard this week. Substantial loses were across the board and in all industries. The...
ECONOMIC UPDATE FOR THE WEEK ENDING JANUARY 8, 2022
Jan 8, 2022 Stock Markets – Stock markets rose to record levels on Monday despite a surge in COVID cases. The past seven days marked the highest weekly number of positive cases during the pandemic. New guidance from the CDC shortening quarantine times to...
Economic Update For The Week Ending December 11, 2021
Dec 11, 2021 Stock markets recovered this week – News that the Omicron COVID variant is causing more mild symptoms than previous variants has helped stocks recover from some of their steep loses suffered after the variant was first discovered. The Novembe...
Thousand Oaks Approves Caruso’s Lakes Residential Development
Dec 3, 2021 The property where the Caruso company’s Lakes retail center is located in Thousand Oaks will be sold to Rick Caruso in a deal that will allow the real estate developer to add a six-story residential apartment building to the site. Caruso p...