The unemployment rate for Orange County reached 9.6% in August – tied for a modern day record of highest unemployment rate in the region. Some industries in Orange County are still doing well in spite of the economy. Federal and state jobs have accounted for four of the five top categories in t
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09/23/2009
The money generated from sales of existing homes fell from July to August, ending a 6-month streak of rising revenues from broker-tracked sales. Last month sales of O.C. homes listed in the MLS totaled $1.3 billion, down 10.6% from July. Last month’s dollars were down 8.1% from a year ago. Th
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09/23/2009
California is the second priciest place in the country to be a renter. Following closely behind Hawaii which has a median monthly rent of $1,298. Rounding out the top 5 was Maryland, New Jersey and the District of Columbia. The state’s where rent is the lowest are West Virginia with a median
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09/23/2009
The Senate Banking Committee is proposing merging four bank agencies into one super-regulator in order to diminish the role of the central bank as a system wide overseer. Although this proposal is expected to be opposed by the Federal Reserve and President Obama, the Senate Banking Committee fee
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09/23/2009
The Federal Reserve announced today that they will continue to purchase mortgage securities and debt of mortgage for Fannie Mae and Freddie Mac through March 2010. The idea is to gradually slow the pace of these purchases in order to promote a smooth transition in markets. The U.S. central ban
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09/23/2009
For the first time in 15 months more builders in California are raising prices than dropping prices. Nationally this month the net home sales per development increased from 1.4% to 2% in August. Builders have been targeting entry-level buyers who don’t have homes to sell in order to lower canc
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09/23/2009
For the first time in 15 months more builders in California are raising prices than dropping prices. Nationally this month the net home sales per development increased from 1.4% to 2% in August. Builders have been targeting entry-level buyers who don’t have homes to sell in
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09/23/2009
The Federal Deposit Insurance Corp funds is loosing cash fast and are considering a plan to borrow money from successful banks to bolster the fund – rather than tapping taxpayers. Money for the fund comes from assessments on all banks that take deposits. The new plan to borrow from the banks w
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09/23/2009
The festival takes place Saturday September 26, 2009 from 8:00 am to 12:00pm at Woodbridge Community Park in Irvine, CA. The festival is full of pet-related activities including vendors, food, entertainment, contests for you and your pet, silent auctions and a walk around Woodbridge Lake with yo
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09/23/2009
Last week the number of O.C. distressed properties was 2,384, down 132 homes from two weeks ago. The average sale to list price ration for foreclosures throughout the past three months have been 103%, on average foreclosures are selling for 3% above the list price. In general short sales are be
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09/21/2009
