Category: Uncategorized

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,… Read More

Stocks continued their unprecedented rise again this week – A surge in consumer spending, increasing corporate profits, and inflation all point to the economy recovering much quicker than expected. That added to the effects of… Read More

Happy April… U.S. employers added 916,000 jobs in March – The Department of Labor and Statics reported that 916,000 net new jobs were added in March. That number exceeded Dow Jones analysts’ expectations of 675,000… Read More

Roller rink Skateland in Northridge has permanently closed after six decades, with the Northridge building slated to become a bridge housing facility through the nonprofit Hope of the Valley. “We would like to thank you,… Read More

Joint venture partners Meta Housing Corp. and LA Family Housing have officially broken ground on construction of Silva Crossing, a 56-unit permanent supportive housing project in Sylmar. The nonprofits have invested $30.5 million into the… Read More

Stock markets dropped on fears of higher interest rates – As the economy appears to be recovering quicker than expected according to data and developments that are very positive, rising interest rates became a concern… Read More

Six Flags Entertainment Corp. announced plans to reopen its Magic Mountain theme park in Valencia this spring, one year after the business was shuttered due to the onset of the coronavirus pandemic. The amusement park… Read More

Interest rates near historic lows fueled strong San Fernando Valley home sales last month, pushing prices higher even as the inventory of homes for sale fell to a record low, according to a Southland Regional… Read More

Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until March 31, 2021. The foreclosure… Read More

Stock markets finished the week higher – Stock markets ended the week higher again as investors celebrated positive news and data. Higher than expected year end corporate profits were reported. There has been a drastic… Read More