Economy

California’s housing market remained strong in November, despite its perennial problem of not enough houses being built, according to the California Association of Realtors. Sales of existing, single-family homes totaled 454,450 last month, up 4.7 percent from October but down 10.7 percent year-over-year, the association reported. Statewide, the median home …

E-commerce returns this year could total $66.7 billion, a 45.6 percent increase compared with the average amount compiled during the last five years, according to data released last week. That would mean more stress for retailers, many of whom are having enough problems dealing with supply chain, CBRE said in …

Vacancy and lease rates likely will be flat during the next 12 months, and don’t expect to see many office buildings under construction. The big issue, like everywhere else, will be how many people return to the office after working at home during the pandemic. As the new year approaches, …

The Inland Empire labor market has replaced 185,600 jobs since April 2020, the month when the local employment market reached its lowest ebb following the onset of COVID-19, according to a study released this week. Though still below its pre-pandemic peak by 37,600 jobs, that is a recovery rate of …

More than 148 million people plan to shop the Saturday before Christmas, either in-store or online, according to the National Retail Federation. That would be a drop of about two million shoppers from last year’s “Super Saturday,” the Washington, D.C.-based trade association reported as the holiday shopping season approached its …

Yes, the local industrial sector remains a juggernaut, but there could be some issues, starting with the supply-chain disruption, that could slow things down.   As 2022 approaches, is the Inland Empire industrial market about to experience a slowdown? The answer to that question might be yes, at least on one …