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Housing market is still reduced sales, higher prices

Inland Empire Business News for May 16th, 2014.002

It was more of the same last month in the Southern California housing market. Sales homes fell 2.7 percent year-over-year during February, while median prices rose 7.6 percent, according to CoreLogic DataQuick in San Diego February’s total sales – 13,560 – was a slight uptick from January, but still the …

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U.S. job market is static

Inland Empire News for April 2.004

Regional and state unemployment were basically unchanged in January, according to data released Tuesday by the U.S. Bureau of Labor Statistics. Twenty four states had drops in employment compared with December, eight had increases and 18 and the District of Columbia had no change, according to the department’s monthly report …

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Learning from Larry Elder

Ed Hoffman.001

By Ed Hoffman Sadly the Ferguson saga continues on, with the shooting of two police officers by a protestor – yes, a protestor. Not the speculative tale the media tried to sell us, that perhaps the shooter was a disgruntled business owner aiming his gun at protestors and mistakenly hitting …

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Home builder confidence drops

Inland Parcels Sold.001

Confidence in the housing market among builders of single-family homes dropped slightly this month. The level of confidence among homebuilders dropped two points – to 53 – according to the National Association of Home Builders /Wells Fargo Housing Market Index, which was released Monday. That’s still on the positive side …

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County spent generously on lobbyists

County of Riverside Promotes from Within.001

Riverside County spent more than $6 million on outside lobbying firms during a 10-year period, according to a report in The Press-Enterprise. Since 2010, the county has also spent nearly $900,000 related to the California State Association of Counties and the Southern California Association of Governments, the report stated. County …

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Wildomar likes Walmart

WalMart Looking to Expand

Barring any legal challenges, a Walmart Supercenter will be built in Wildomar. The city council Wednesday voted 5-0 in favor of the project, which will be developed on 22 acres near the interchange of Interstate 15 and Bundy Canyon Road in the northern part of the city, according to a …

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