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State housing affordability continues to drop

Inland Empire Business News for May 16th, 2014.002

The Inland Empire isn’t the only place where people are having a difficult time finding a home they can afford: the problem is statewide. Steady price increases and relatively higher interest rates during the first three months of 2014 lead to a drop in housing affordability in every metropolitan region …

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Whole Foods coming to Coachella Valley

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Whole Foods has announced plans to open a store in Palm Desert. The store, which will employ about 150 people, is scheduled to open Sept. 24, according to a report published in The Press-Enterprise. The store, at 44-459 Town Center Drive, will sell natural and organic foods. It will cover …

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Large tract of residential lots sold

Housing Market Takes a Dip.001

WD Land has arranged the sale of 359 residential lots in Menifee. CV Communities bought Menifee Heights, a 70-acre parcel bordered by Holland and Briggs roads, from RCFC Investments LLC for an undisclosed sum, said David Harbour, senior land advisor with Irvine-based WD Land. The lots, which range from 6,000 …

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Good weather and Mother’s Day help retail sales

Inand Empire Businesses Ramp Up for Holiday Shopping.001

National retail sales rose 3.9 percent year-over-over for the week that ended Saturday, the strongest gain in that category in nearly one year. Warm weather, particularly in the southern United States, helped drive retail sales to their biggest one-year increase since June 1, 2013, according to the International Council of …

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Housing market shows mild uptick

Inland Empire Gets Housing & Manufacturing Bump.002

The Southern California housing market improved slightly during April, showing the smallest year-to-year decrease in six months. Slightly more 20,000 new and resale single-family homes were sold in the six-county region last month, down 6.6 percent compared with April 2013 but up 13.4 percent compared with March, according to DataQuick, …

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Lies, Lies and more lies

Ed Hoffman.001

We finally have a smoking gun in the Benghazi tragedy that warrants further investigation, and more importantly, the impeachment of President Obama. As Judge Jeanine Pirro strongly states, “We have impeached a president for lying about sex with an intern, a president resigned in light of certain impeachment for covering …

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