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News
Housing Market Holds Steady As Fed Pauses, And Iran War Drags On – Pasadena Weekendr
8+ hour, 47+ min ago (587+ words) Housing Market Holds Steady As Fed Pauses, And Iran War Drags On Pasadena Now The nation’s housing market is showing quiet resilience even as a widening war in the Middle East and a divided Federal Reserve complicate the outlook for…...
Housing Market Holds Steady As Fed Pauses, And Iran War Drags On
8+ hour, 47+ min ago (885+ words) The nation’s housing market is showing quiet resilience even as a widening war in the Middle East and a divided Federal Reserve complicate the outlook for the rest of the year. The Federal Reserve said Wednesday it would hold its…...
Consumer Confidence Improves, But Only By Comparison, Realtors Say
4+ week, 8+ hour ago (251+ words) California consumers are feeling slightly better about the economy this month, but the improvement is a low bar. According to the California Association of Realtors, the broader housing and economic picture remains far weaker than it was before the Iran…...
For Pasadena Businesses, Today’s 53-cent Wage Hike is Just the Beginning
4+ week, 1+ day ago (449+ words) When the city’s minimum wage rises to $18.57 an hour on July 1, the increase will amount to just 53 cents more per hour. But small-business owners say the real cost runs well beyond that figure once payroll taxes, overtime, workers’ compensation and…...
California’s Housing Market Drifts Into Summer With No Clear Bottom In Sight
1+ mon, 5+ day ago (157+ words) The spring 2026 numbers arrived with a familiar message: not much has changed. The number that explains the rest is affordability. Twenty-two percent of California households earned enough to qualify for a mortgage on a median-priced home as of the first…...
Pasadena Businesses Face Cost Pressures, Softer Spending as Second Half of Year Approaches, Chamber CEO Says
1+ mon, 1+ week ago (571+ words) Pasadena’s small and midsize businesses are entering the second half of 2026 under continued pressure from inflation, higher operating costs and uncertainty about consumer spending, according to Paul Little, president and chief executive officer of the Pasadena Chamber of Commerce and…...
Peace Deal Won’t Completely Fix What Ails the American Economy
1+ mon, 1+ week ago (619+ words) The war also came with a significant price tag—$300 billion“ for the reconstruction and economic development of the Islamic Republic of Iran.” That message, embedded in the latest economic assessment from the California Association of Realtors (CAR), acknowledges the improved…...
LA County Unemployment Rate Up Slightly in April
2+ mon, 1+ week ago (156+ words) Los Angeles County’s seasonally adjusted unemployment rate increased slightly to 5.5% in April, up a revised 5.4% in March, according to figures released Friday by the state Employment Development Department. The 5.5% rate was below the 5.7% rate from April 2025, according to the EDD....
California’s $20 Fast Food Wage Yields Higher Prices, Fewer Jobs, More Automation
4+ mon, 1+ week ago (581+ words) Two years ago, a hotly contested law imposing a $20-per-hour minimum wage on franchised fast food outlets took effect. The legislation, Assembly Bill 1228, emerged from months of intense political conflict, pitting fast food behemoths such as McDonalds against service worker…...
Buckle Up: President’s Mortgage Plan Tests a Fragile 2026 Economy
6+ mon, 2+ week ago (293+ words) Then came the policy curveball. President Trump announced he would direct Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds, arguing the move would “drive mortgage rates down, monthly payments down, and make homeownership more affordable.” On its…...