The Fed enacted its 10th rate hike, hinting it may be the last, depending on incoming data and economic uncertainty.
The labor market remains solid, adding more jobs than expected in April, but job openings suggest labor shortage is beginning to normalize.
Construction spending increased, but residential spending dipped for the tenth consecutive month due to single-family outlays.
Market activity in California picked up in late spring, with increased listing appointments, new escrows, and closed sales.
Limited inventory continues to challenge buyers, leading to increased competition and a high number of offers made on homes.
California Economic Updates: Fed, Labor, Construction
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California Housing Laws in 2024: A New Era of Building Begins
California's housing shortage is a long-term problem, but 2024 marks a turning point with new laws aimed at boosting construction. Barriers are removed and incentives are increased for housing development.
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Multifamily Rents Predicted to Rise in Southern California Over the Next Two Years
A report from USC's Lusk Center for Real Estate predicts rising multifamily rents in Southern California, posing challenges for commercial real estate financing. Factors like maturing debt, high interest rates, and housing supply issues contribute to a complex landscape for renters and landlords. Efforts to increase affordable housing may be hindered by additional costs in…
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California’s Diverse Cities: Exploring Allure
Los Angeles: Multicultural environment, diverse cuisine, vibrant arts, outdoor lifestyle, and unique neighborhoods.San Diego: Year-round sunny weather, excellent surfing opportunities, urban lifestyle benefits, and diverse culinary scene.
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Happy Women’s Day
International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote. Things were made official in 1975 when the United Nations…
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California Cities Lead 2024 Home Sales
Realtor.com analyzes markets for 2024 sales growth predictions. -Oxnard-Thousand Oaks-Ventura is ranked 2nd -San Diego-Chula Vista-Carlsbad is ranked 4th
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CalHFA: Empowering Homeownership Dreams
CalHFA offers low-interest loans with up to 3% assistance for first-time homebuyers. Programs like CalPLUS Conventional combine mortgage loans with zero-interest down payment assistance.
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