Coronavirus chills California homebuying, prices

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: California homebuyers signed far fewer deals in April while owners listed slightly cheaper homes as the novel coronavirus continued to throttle the state’s economy. Source: My trusty spreadsheet looked at April stats from brokers’ listing services compiled by through a partnership […]

Coronavirus unemployment: “Depression-era” jobless rates loom in California, governor warns

California faces job losses and unemployment rates reminiscent of the Great Depression, Gov. Gavin Newsom warned on Wednesday as he revealed the state has now paid out $10.6 billion in unemployment benefits to workers amid coronavirus-linked business shutdowns. Despite those payouts, numerous workers who have lost their jobs this year remain unable to reach actual […]