Jonathan Lansner
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California gas prices up $1 a gallon from pandemic low

California gas prices up $1 a gallon from pandemic low

By | | Orange County RegisterThe average cost of a gallon of gasoline in California rose to $3.64 in the past week, pushing the price $1 above the pandemic era’s low.As of March 8, the U.S. Energy Information Administration’s benchmark for regular gas was up 8 cents in a week to the highest price since Dec. 2, 2019, or 66 weeks. This jump marks a 38% increase from the cycle’s bottom at $2.64 last May.Pump prices have increased for 12 consecutive weeks mainly because the fuel’s key ingredient, crude oil, has soared in price. West Texas Intermediate, a U.S. benchmark for crude oil, is up 36%...

Mar 9
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California’s new bubble: Must overpriced homes crash?

California’s new bubble: Must overpriced homes crash?

By | | Orange County Register“” digs into trends that may indicate economic and/or housing market troubles ahead. This time, a more philosophical analysis.Bad news: California home prices look bubblish.Good news: Values don’t have to crash painfully to correct the overpricing.Californians were left with understandable scars after the Great Recession shredded psyches, careers, checkbooks and net worths. But that doesn’t mean every time homebuyers get a little nutty — a well-documented California habit — sharp and swift price declines must follow.The past year’s surprisingly strong home...

Jan 24
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Where is California’s cheapest place to live?

Where is California’s cheapest place to live?

GET BREAKING NEWS IN YOUR BROWSER. CLICK HERE TO TURN ON NOTIFICATIONS.XBy | | Orange County RegisterLifestyle bargains can be found in California according to a new study that shows the cost of living in nine of the state’s smaller metro areas runs below what the typical American pays.Once a year, comparing living expenses in 389 U.S. metropolitan areas. The math involves the cost of goods, services and housing and provides a yardstick for finding potential cost-of-living bargains. The report shows a 49% difference between California’s most-affordable community and its priciest.El Centro...

Jan 13
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Pandemic economy pushing Californians inland to Sacramento

Pandemic economy pushing Californians inland to Sacramento

House hunters in California are looking inland for bargains as work-from-home policies offer opportunity to skip the commute. California’s most desirable housing markets at No. 8 was the Inland Empire region and No. 12 Sacramento. San Diego was 31st; San Jose, 39th; Los Angeles-Orange County, No. 42 — then San Francisco’s bottom ranking. (AP Photo/Marcio Jose Sanchez, File)California’s inland communities — rarely seen as hot properties — could become beneficiaries of the pandemic’s economic fallout as workers untethered from offices seek housing away from big cities.Fear of population...

October 4, 2020
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California’s coronavirus U-turn a ‘devastating’ hit to economy

California’s coronavirus U-turn a ‘devastating’ hit to economy

GET BREAKING NEWS IN YOUR BROWSER. CLICK HERE TO TURN ON NOTIFICATIONS.XBy | | Orange County RegisterShow Caption ofon the path to business and life as usual will land a “devastating” blow to the state’s economy.in coronavirus infections signals what many of us know: The economy is going to pay a price — whether it’s from consumer choices or government intervention.Gov. Gavin Newsom on Monday issued of many indoor operations. This means shopping malls, fitness centers, offices for non-critical sectors, nail and hair salons — and places of worship — must close their doors again. Newsom acted...

July 14, 2020
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Coronavirus fallout: California worst state in nation for job losses

Coronavirus fallout: California worst state in nation for job losses

GET BREAKING NEWS IN YOUR BROWSER. CLICK HERE TO TURN ON NOTIFICATIONS.XBy | | Orange County RegisterCalifornia officially lost 99,500 jobs in March, the worst drop in the nation — an early sign of the novel coronavirus’ economic destruction.Federal job stats show jobs fell in 31 states in March, according to data derived from employer surveys taken in the first two weeks of a month. Texas (down 50,900 jobs) and New York (41,700) had the next-biggest jobs declines.Note that the wave of layoffs that followed a rollout of “stay at home” orders did not surge until late March. In the four weeks...

April 17, 2020
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3.35 million California jobless claims, so far, in coronavirus era

3.35 million California jobless claims, so far, in coronavirus era

GET BREAKING NEWS IN YOUR BROWSER. CLICK HERE TO TURN ON NOTIFICATIONS.XBy | | Orange County RegisterThe battle against coronavirus has forced 3.35 million Californians to file unemployment claims in five weeks.The U.S. Department of Labor reported Thursday, April 23 that California had 533,568 filings in the week ended April 18. Yes, that’s down 121,904 in seven days. However, it brings the tally for the past five weeks to 3.35 million filings vs. 2.11 million combined in the previous 52 weeks.By the way, in the heat of the Great Recession, 3.88 million claims were made in all of...

April 23, 2020
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