Gasoline prices continued to drop this week, both in California and the Inland Empire. Statewide, the average price of a gallon of regular gasoline as this morning was $3.14, down from $3.26 one week ago and $3.59 last month, according to AAA’s Daily Fuel Gauge Report, an online breakdown of …
Read More »Mortgage crisis continues to wane
An estimated 759,000 properties regained equity during the second quarter of this year, according to data released Tuesday. Nearly 46 million mortgaged residential properties had equity as of June 30, about 91 percent of all such properties in the United States, Irvine-based CoreLogic reported in its quarterly equity analysis. Approximately …
Read More »Housing construction down in most markets
Lack of housing construction isn’t only a problem in Southern California. Despite significant job growth during the past several years, new home construction is currently below where it needs to be in most U.S. metropolitan areas, which is causing persistent housing shortages and unhealthy price growth, according to the National …
Read More »Golf tournament helps charities
Citizens Business Bank has raised $60,000 for charities through its annual charity golf tournament. The Ontario-based bank’s 30th annual Charity Golf Classic, held in June at Yorba Linda Country Club, raised money for Mission Hospital in Mission Viejo, United Cerebral Palsy of Orange County, St. Joseph Hospital in Orange and …
Read More »Cadiz project gains support
A cross-section of governmental agencies, trade groups, labor unions, water agencies and private organizations have given their formal support to the Cadiz Valley Water, Conservation, Recovery & Storage Project. Eleven such entities filed “friend of the court” briefs last month declaring their support for the project, which would deliver water …
Read More »Despite the drought, California continues to build houses
And that trend won’t change, according to various water experts. They say the state learned from past droughts and installed conservation measures that are helping it get through the current shortage. How important is housing construction to California’s economy? So important that one of the most severe droughts in the …
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