Southern California News Group

BUBBLE WATCH: Is another stimulus needed?
BY JONATHAN LANSNER

"Bubble Watch" ponders what's frightening, and what isn't, in local real estate and the region's economy.

Coronavirus has twisted the SoCal housing market. Despite last month being the slowest-selling June on record, the region's median sales price hit a record high ($555,500). To get the picture picture, other than the graph above ...

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If that doesn't add up logically for you, please ponder ...

PROPERTY PUZZLES

Will added eviction protection be in next stimulus bill? DC lawmakers battle over who'll get what kind of cash or protections. READ MORE

California's high living costs make people poor. That's what CalMatters columnist Dan Walters thinks. READ MORE

US homebuying jumps after 3-month slumps. But sales still well-below pre-pandemic levels. READ MORE

Will real estate tax breaks be cut? Joe Biden suggests that's one way to finance his $775 billion "caring economy" plan. READ MORE

OTHER QUESTIONS, TOO

How jobless aid went awry. Out of work Californians still waiting for unemployment benefits. READ MORE

Pension giant CalPERS bets on banking. Loans to mid-sized business targeted to boost portfolio's returns. READ MORE

Will COVID hammer Black Friday shopping? Well, Walmart says it won't be open on Thanksgiving Day 2020. READ MORE

... AND HINTS HOW HOUSING FARES ELSEWHERE!

Minneapolis-St. Paul: Prices up 5% to $305,000 as inventory plummets. READ MORE

Denver: Prices up 3.9% to $432,153 with ‘rock-bottom inventory’ READ MORE

Marin County: Prices up 5% to $1.45 million as market shakes off coronavirus slump. READ MORE

How bubbly?

High: Record SoCal price as sales hit record low.

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Lots: Who'll get bailed out in next stimulus?

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Some: Benefit delays frustrate California's jobless.

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Small: Why would CalPERs bet on banking?

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Tiny: No Turkey Day shopping at Walmart in 2020.

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