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The High Desert is positioned to become a booming housing market, according to a local housing expert. “The High Desert has a lot of open [residential] lots that are ready to be built on,” said John Mulville, Southern California regional manager for Metrostudy, a residential real estate data and research …

California’s unemployment rate fell to 4.3 percent in February, as state employers added approximately 14,000 non-farming jobs to their payrolls. The unemployment number is a record low dating back to 1976, according to the monthly jobs report released today by the State Employment Development Department. Year-over-year, California’s jobless rate fell …

Mayor Matt Rahn will deliver Temecula’s 2018 State of the City address. This year’s theme is Temecula SAFE, according to a statement on the city’s website. “The city’s highest priority every year is public safety so this year we are shining a spotlight on the high quality of life that …

Adam Russell has been named Opus Bank’s senior managing director of commercial banking. Russell will be in charge of the company’s Inland Empire operations, including a planned expansion, according to a statement. “We are pleased that Adam has joined Opus to expand our Southern California Commercial Banking coverage into the …

CVB Financial Corp. has announced a 14-cent per share cash dividend for the first quarter. The dividend, which was approved by the board of directors at its regular meeting Wednesday, will be payable on or about April 19, according to a statement. All shareholders of record as April 5 will …

Southern California home sales were static in February while median prices in the region continued to rise. Sales of new and existing houses totaled 15,189 last month, an increase of 0.6 percent from February 2017, according to data released by Irvine-based CoreLogic. That was the highest number of sales for …