Economic News

In 2018 the U.S. Administration instituted tariffs on imported steel and aluminum. While new single-family homes do not use much of these materials in their construction, condominiums and apartment buildings rely on them. This cost is expected to be passed on to the renters and...

California’s population grew at a rate of 0.7% in 2017. This is a slightly quicker pace than the prior year, but the overall trend since 2009 is a declining growth rate. The annual rate of population growth is usually closer to 1%....

If you're a first-time mortgage borrower, you might be asking yourself, "What is MIP?" Home buyers considering getting a loan from the Federal Housing Administration will find MIP, or mortgage insurance premium, especially relevant because all FHA loans require insurance. Here's what you need to know about MIP,...

In what year do you sense the next economic recession will hit California? 2020-2021. (38%, 231 Votes) 2019. (37%, 230 Votes) 2022-2023. (15%, 90 Votes) 2024 or later. (10%, 63 Votes) Total Voters: 614 As we head into 2018, we find ourselves a full decade out from the last debilitating U.S. recession. The...

Pent-up demand from the holidays likely fueled the solid jump in mortgage applications last week. Total application volume rose 8.3 percent during the first week of the year from the previous week, as mortgage rates held below year-ago levels, according to the seasonally adjusted Mortgage Bankers...

California stands tall among other states in terms of economic standing and agreeable living. A desirable state to live in, each year hundreds of thousands of new residents arrive in California from other states. What defines these residents — and what about the people leaving...

Everyone wants to know the best time to buy, sell or hold real estate. Three factors, explained in the charts below, help you anticipate the best action to consider for 2018 and beyond. The yield spread has experienced a recent downward trend in 2017 though it...