Tag Archives: Economy

Pending home sales in Riverside rose 11.6 percent in September compared with one year earlier, the second-largest year-over-year increase of any major U.S metropolitan market during that time, according to a report. San Francisco (17.1 percent) recorded the highest number, while West Palm Beach, Fla. (11 percent) was third, Seattle-based …

Retail sales nationwide dipped slightly between August and September, mostly because of several months of back-to-school spending, according to the National Retail Federation. Total retail sales, not counting automobiles and gasoline, fell 0.6 percent month-over-month, the Washington, D.C.-based trade association reported. That number was seasonally adjusted. On a positive note, …

The Inland Empire industrial market held steady during third quarter, posting increases in absorption and lease rates and maintaining its second quarter vacancy rate, according to data released Oct. 8. The region absorbed three million square feet of industrial space during the third quarter, a “strong rebound” from the second …

California’s economy is slowing down. Unemployment is rising, growth has cooled, housing is still too expensive and difficult to build, and energy prices are higher than in most parts of the country, according to Beacon Economics in Los Angeles. That’s not to say California is not relinquishing its status as …

California’s economy is slowing down. Unemployment is rising, growth has cooled, housing is still too expensive and difficult to build, and energy prices are higher than in most parts of the country, according to Beacon Economics in Los Angeles. To be sure, California is not relinquishing its status as a …

The Inland Empire recorded an unemployment rate of 6.1 percent in August, down from a revised 6.4 percent the previous month, according to a report. Also last month, California’s unemployment rate was 5.8 percent, while the nations were 4.5 percent, the state Employment Development Department reported recently. Those numbers are …