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Home prices climb to 11-year high

Home Cash Sales

June was another good month for home sales in Southern California. Sales were up 8.5 percent month over month and 4.3 percent compared with June 2016, according to data released Tuesday by CoreLogic in Irvine. A total of 25,515 new and used houses and condominiums were sold last month, up …

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Loans for small business rise in IE

Local CDC Promises Personalized Business Loan Services

Small businesses in the Inland Empire are apparently looking to upgrade. SBA 504 loans were up 31 percent year-over-year in Riverside and San Bernardino counties for the nine-month period that ended June  30, said Larry Nuffer, spokesman for CDC Small Business Finance in San Diego. Small businesses in the two-county …

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State employment has flat month

Large Job Gains Doesn’t Stop Unemployment Jump

California recorded a 4.7 percent unemployment rate in June, while losing an estimated 1,400 non-agricultural jobs, according to data released Friday. The unemployment rate, which was unchanged from May, matched the record low recorded in November-December 2000, the state Employment Development Department. By comparison, the national unemployment rate in June …

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Prosecution’s case in Colonies corruption trial might be damaged

Colonies corruption trial

Eighteen of the original 29 counts have been dismissed, and much of the testimony put on by the prosecution appears to have backfired. Closing arguments are expected to start next month.  Attorneys for the four defendants in the Colonies Crossroads corruption trial were supposed to begin presenting their case July …

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Medical center adds to emergency care

Loma Linda University Health

Loma Linda University Medical Center has expanded its emergency care department. The facility added five treatment rooms last month, in part because emergency visits there have gone up every year since 2011, according to a statement on the medical center’s website. The new rooms, called flex care spaces, will allow …

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Despite low inventory, state home sales are solid

Local, National Home Prices Continue to Increase

Sales of existing homes in California reached their highest pace in close to four years last month, despite the lowest inventory so far this year. Total sales were 443,150 in June, up 3.3 percent compared with May and up 2.4 percent year-over-year, according to data released by the California Association …

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