After the tech bubble burst, people were leery about putting money into the stock market, and instead poured money into housing. It was easy to get financing — too easy, as it turned out. The inventory of homes for sale was low, and demand was high. When the demand is high and supply is low, …
Good morning, readers! I received a comment on my post, “The business side of Balboa” from Therese Parmele, whose grandfather ran the Balboa Pharmacy #2 in Newport Beach: “Thank you for uploading these photos. My maternal grandfather, Alfonse Hamann, whom you mentioned, ran his first pharmacy in Balboa. He also caught the world’s record swordfish …
Area for development is near John Wayne Airport, where a total of 2,200 homes are allowed. Agreeing to lift constraints on affordable housing development, Newport Beach officials have received tentative approval of the city’s housing blueprint. Regulators from the state Department of Housing and Community Development said last month that the city’s moves would bring …
Continue reading ‘Newport moves closer on affordable housing’ »
The national unemployment rate fell to 8.9 percent in February, as employers added 192,000 jobs to their payrolls, according to figures released Friday by the U.S. Department of Labor. The rate is down from 9.0 percent in January and 9.4 percent as recently as December. The Labor Department described the latest numbers as “little changed,” …
Continue reading ‘Nation’s Unemployment Rate Drops Below 9%’ »