The Open House at 2200 W. Wilson St. #133, Banning, CA 92220 went pretty well this morning. I was able to meet and greet a few neighbors! If you'd like more details on this home, click here. If you would like to see the home in person, please give me a call anytime! Thank you! Now for today's news...
The unemployment rate edged higher in San Diego County and statewide last month, as the pace of job growth slowed, dragged down by a cooling in the housing market. In California, employers added 6,800 jobs to their payrolls in October, after seasonal adjustments to the data. That was less than half the monthly job growth over the past year. In San Diego County, payrolls rose by 6,200 jobs. But that figure – which was not seasonally adjusted – was boosted by more than 6,000 education-related jobs as teachers and school staff members returned to work. California's jobless rate rose from 5.1 percent to 5.2 percent. Nationwide, unemployment slipped from 5.1 to 5.0 percent. Economists blame the sluggishness in the job market partly on the slowdown in the real estate market. "Over the past couple years, employment has been completely driven by real estate," said Christopher Thornberg, senior economist at the Anderson Forecast of the University of California Los Angeles. "But now the real estate market is cooling off, and the state isn't adding many jobs anywhere else." Click here to read more.
S. California housing price growth slows. Is real estate boom at the end of its run or just taking a breather? Southern California's housing market continued to lose steam last month as the pace of sales declined and the rate of price appreciation leveled off, data released this week showed. Rising inventories, higher interest rates and growing buyer wariness are working to temper the region's hot real estate market, experts said. "There is a bit of a slowdown," said real estate agent Jon Strum, who sells homes on the west side of Los Angeles for Boardwalk Realty. "There is more caution among buyers." Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
No comments:
Post a Comment
Thank you for commenting!