Consumer confidence plummets
Southern California News Group |
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"Bubble Watch" ponders what's frightening, and what isn't, in local real estate and the region's economy. | | The chart above (see it in video form if you click on it) shows California consumer confidence at an 8-year low. That can't be good for the local housing market. CLICK HERE for our analysis of the trend! Then you can worry about ... PRICE OF A PANDEMIC ... | Rental market gets softer. Coronavirus forces California landlords to double discounts. READ MORE |
Pandemic hammers big retailers. So far in 2020, 40-plus chains have sought bankruptcy protection. READ MORE |
Price too hot? Palm Desert golf estate chops $1 million off its asking price. READ MORE |
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... UNCLE SAM'S ROLE ... | New California eviction protections come with a wish. More federal aid for renters, landlords is needed. READ MORE |
Imagine home loans without government backing. Pimco fears rates might soar if Fannie Mae, Freddie Mac are privatized. READ MORE |
Fed's homebuying bailout grows. Fed’s mortgage-buying spree at $1 trillion, and there's no end in sight. READ MORE |
| ... AND SOME HOPE! | Newport Beach homebuilder Landsea to go public. It will get access to Wall Street money with $510 million merger. READ MORE |
Have money, will pay. LA County tenants don't willingly skip the rent, study finds. READ MORE |
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High: 32% of landlords discount, double pre-COVID | |
Some: Fed buys $1 trillion of mortgages | |
Low: OC homebuilder in $510 million merger | |
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