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California Economy Is 10th Most Dependent On Securities Trading

California Economy Is 10th Most Dependent On Securities Trading

Mike LaFirenza While much of the economy has struggled during the COVID-19 pandemic, one area that has consistently performed well is the equities market. One of the most commonly followed stock indices, the S&P 500, took a major hit in the early days of the pandemic, losing nearly one-third of its value in February and […]

California Homeowners Spend Most On Housing

California Homeowners Spend Most On Housing

Mike LaFirenza Housing prices in the U.S. have been on a steep upward trajectory over the last year and are continuing to climb. Unusual economic conditions, strong demand for homes, and record low inventory have made the residential real estate market highly competitive and sent prices skyrocketing. According to data from the Department of Housing […]

Controller Yee Updates State Retiree Health Care Liability

Controller Yee Updates State Retiree Health Care Liability

SACRAMENTO – The state’s net liability for retiree health and dental benefits is now $95.19 billion, according to a report published today by State Controller Betty T. Yee. The liability represents the present-day cost to provide health and dental benefits to state retirees and their dependents earned as of June 30, 2020 – one of the state’s largest […]

Evergrande Suspends Trading In All Bonds

Evergrande Suspends Trading In All Bonds

BY Tyler Durden | ZeroHedge Earlier today we pointed out that in what can (obviously) only be a remarkable coincidence, China’s largest, and most systematically important real estate developer, China Evergrande (and its $300+ billion in debt), collapsed on the 13th anniversary of Lehman’s bankruptcy filing, when Beijing told Evergrande’s creditor banks that the insolvent company, which […]

New Housing Report Shows Home Prices Dropping in Southern California

New Housing Report Shows Home Prices Dropping in Southern California

By Debra Tash New data shows that Southern California home prices dropped in the month of March.  The data was collected by CoreLogic, from their website: “Powering Housing Through Data, Analytics and Connectivity”. In a six county region outlined in their complete report march-2019-southland-chart mean prices fell by 0.1% or an average of $18,500.  Homes […]