News
More Federal Reserve officials see possible rate hikes this year, minutes show
4+ hour, 46+ min ago (353+ words) And "many" of the officials pointed to the risk that higher oil and gas prices could keep inflation elevated for "longer than expected, which could call for rate increases" to push inflation back down. For about 18 months, the Fed has…...
U. S. recession risks rising as war dims economic outlook
2+ week, 3+ hour ago (836+ words) By Julia Fanzeres and Augusta Saraiva | Bloomberg Wall Street is cutting its forecasts for the U. S. economy this year, boosting its projections for inflation and unemployment and nudging up the odds of a recession as the impact of the Iran war…...
Average US long-term mortgage rate edges higher but remains near 2025 low
3+ mon, 1+ hour ago (514+ words) The average rate on a 30-year U. S. mortgage edged higher this week to just above its 2025 low. The average long-term mortgage rate rose to 6. 16%, mortgage buyer Freddie Mac said Thursday. That's up slightly from 6. 15% last week, when the average rate dropped…...
Chapman University economic forecast: slow but better growth in "26
3+ mon, 3+ week ago (517+ words) Despite President Donald Trump's zigzags on tariffs, taxes and regulations, the U. S. economy still should hit 2% growth in 2026, up from an estimated 1. 8% this year. That's according to the forecast given Thursday by Chapman University President Emeritus Jim Doti before 300 local community…...
California's state and local pension plans have over $265 billion in debt
4+ mon, 2+ week ago (338+ words) As it stands, California's state and local governments have the most public pension debt in the country, with total unfunded pension liabilities of more than $265 billion, according to a new report from the Reason Foundation. That's over $6, 000 in pension debt…...
The answer to America's affordability problem is to unleash supply
4+ mon, 3+ week ago (553+ words) Trump's referring to Walmart's "inflation-free Thanksgiving meal," said to feed 10 people for $40, plus fees. This year's standard basket is less expensive than last year's eight-person bundle, but it no longer contains pecan pie, whipped topping, muffin mix, poultry seasoning, chicken…...
Homebuyers, do you finance now or wait for Fed to drop rates?
5+ mon, 2+ week ago (938+ words) Can you make homeownership more affordable by waiting out an interest rate drop? Plenty of borrowers are sitting on the sidelines waiting for home prices to flatten or drop further in ZIP codes already experiencing drops. Buyers are also expecting…...
Tenants" market: Rents drop in 11 of 13 Inland Empire cities
5+ mon, 2+ week ago (446+ words) The Inland Empire rental market remains tilted in favor of tenants. That's what my trusty spreadsheet found when it reviewed the September rent data from Apartment List, which tracks pricing in 13 cities across the Inland Empire using an index of…...
34% of California's homeowners are mortgage-free
6+ mon, 5+ day ago (947+ words) In a five-year span, as mortgage rates hit all-time lows and affordability plummeted, the number of Californians with no home loans grew eight times faster than those who borrowed against their properties. My trusty spreadsheet reviewed fresh Census Bureau data…...
Where are California's highest HOA fees?
6+ mon, 2+ day ago (747+ words) Folks paying a fee to their homeowners association or condominium board can be a passionate group. Several readers were irked by a recent column that detailed HOA fees on a state level, as reported by the U. S. Census Bureau. The 2024 cost…...