In my last blog, I discussed the staggering rise in median home prices in the valley. COVID stay-at-home restrictions and the desire to move to less congested locales unleashed an unexpected buying spree. But the historically low pace of new housing construction, locally and nationally, underlies the explosive rise in median home prices. This week [...]
A couple of years ago I was honored to represent CVEP as a speaker at the quarterly Market Watch Seminar series sponsored by Palm Springs Life. This seminar series presents a thorough examination of the residential real estate market. I would encourage readers to attend. Even if you are not a realtor, you will learn [...]
Before COVID-19 wreaked havoc on the nation’s economy, the official unemployment rate was 3.5%. As of Friday, March 5, the official rate now stands at 6.2%. Since last April, the nation has lost 9.5 million jobs, more jobs lost than during the Great Recession. But the official unemployment rate only represents the number of people [...]
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