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Business & Finance

Los Angeles gas prices are falling. How long can it last?

Southern California drivers are getting more relief at the gas pump, with the average cost of a gallon of regular gas in Los Angeles...
Business & Finance

Rosewood Residences Beverly Hills condos chase record prices

A $100-million boutique condominium complex rising in the vaunted Golden Triangle district of Beverly Hills is escalating Southern California’s luxury vertical-living rivalry with a...
Business & Finance

Disneyland has been raising food prices. Blame inflation

Even within the walls of the Happiest Place on Earth, there’s no escaping inflation.Disneyland patrons entering the park are used to enduring regular price...
Business & Finance

In another pandemic fallout, used car prices are way up, and the repo man...

WASHINGTON — Healthcare worker Cleveland Wishop landed at Baltimore-Washington International Airport last fall expecting to retrieve his car from long-term parking and drive home.It never crossed...

Southern California home prices, sales dropped in June

Southern California home prices and sales edged lower in June from the month before, adding to the pile of evidence that the housing slowdown...

Prices Begin to Fall from Record Highs

Inflation and high mortgage rates are taking a bite out of homebuyer budgets, leading to fewer sales and supply gains. The median sale price for...

Costco food court raises prices on chicken bake, drinks amid inflation

Soaring food costs, driven by staggering inflation rates, have reached a bargain bastion many thought was invincible to price hikes: the Costco food court....

Inflation grips L.A. taco vendors: Less meat? Raise prices? Absorb losses?

On a recent weeknight, street vendor Reina Orozco was busy flipping store-bought tortillas on a makeshift grill as she prepared carne asada and chicken...

Asking Prices Come Down from All-Time High

A record-high share of home sellers are dropping their prices after this month’s historic mortgage-rate hike put a damper on homebuyer activity. But there...

Southern California home prices will fall, some experts say

Rising mortgage rates have slowed the housing market across the nation and Southern California. Sales are down, inventory is rising and many prospective buyers...

California gas prices are falling. Will it last?

Los Angeles — The average national price of regular gas has slipped under $5, marking the first time the closely watched number has decreased in nine...

More Than 40% of Home Sellers Are Dropping Their Prices in Pandemic Hot Spots

Sellers are adjusting their expectations as they realize many buyers are no longer able to afford the type of home they could have before...

Second-Home Hotspots Saw Outsized Growth in Rental, Home Prices During the Pandemic

Rental and home-sale prices increased more than 25% year over year in April in four of the five most popular second-home destinations: Phoenix, Cape...

High gas prices hurt. How diesel prices harm consumers too

If you’re wondering what’s swelling the price of everything you buy, the cost of a gallon of diesel is a good place to start.Record...
Business & Finance

Why flight prices are so high and summer 2022 travel is chaotic

“Please pack added patience.” That was one of the tips offered by David Pekoske, head of the Transportation Security Administration, when he...

Investigate: Gas Prices RISE 5.3 cents per Gallon

Click HERE To See The Story at the Los Cerritos News Site (May 9, 2022) – Even with the US Gov’t pushing out a...

Why are gas prices still high? And where are those rebate checks?

For the last two months, Eric Simpson has been facing a dilemma: go surfing, or save gas for his commute?Simpson, 26, works as a...

Americans Are Buying Smaller Homes as Prices Skyrocket

With sky-high prices and rising mortgage rates, each square foot of space costs more than ever before. Buyers are compromising by turning to smaller...

Home mortgage rates are rising. Will housing prices drop?

For a decade, rock bottom mortgage rates helped home buyers steadily bid up the cost of housing. That includes the last few years,...

Demand Slips, Pushing More Sellers to Drop Asking Prices

Early indicators of homebuyer activity falter further as mortgage rates shoot up. Early-stage homebuying demand continues to falter this spring as new listings fell 7%...

High gas prices, housing affordability puts California voters in squeeze

Coronavirus cases are dropping and the state’s unemployment rate is on the decline, but most California voters still say the Golden State is headed...

Smart & Final gouged egg prices during COVID-19 rush

As panicked shoppers stocked up on grocery essentials during the early days of the COVID-19 pandemic, Smart & Final made them pay.The grocery chain...
Autos

Gas prices are driving EV demand, but they’re in short supply

Until the car keys were in her hand, Bonnie Velasquez was worried she might have stumbled into some kind of electric vehicle scam.Velasquez...

Surging Mortgage Rates and Housing Prices Sideline More Homebuyers

The market still feels hot, but a slowdown in online searches, home tours and mortgage applications suggests more buyers are getting priced out.  Redfin economists...

Condo Prices Jump to Record High

Demand for single-family homes surged during the pandemic—but it surged so much that condos are now all some homebuyers can afford.  The typical U.S. condo...

Housing Prices Hit New High as Few Americans Put Homes Up for Sale

Homes sell even faster as dwindling supply and rapidly rising mortgage rates fuel fierce competition. Housing prices jumped the most since summer—up 17% year over...

A Record Share of U.S. Homebuyers Are Looking to Relocate as Prices Skyrocket

With home prices up 16% from a year ago and mortgage rates rising, many Americans are searching for homes in more affordable areas.  The share...

Average L.A. County gas prices top $6 a gallon

Pain at the pump in California continued Tuesday, as the average price of a gallon of regular-grade gasoline in Los Angeles County exceeded $6...

Attorney General Bonta Warns Refineries Against Market Manipulation as Gas Prices Continue to Rise...

Urges Californians to report potential violations of the law  OAKLAND – As gas prices in California continue to rise precipitously, California Attorney General Rob Bonta today sent...

Home Prices Soar Faster to a New High in February

Record-low supply spurs unprecedented winter homebuying competition. The median home sale price rose 3.5% between January and February, the fastest month-over-month gain ever seen during...

Home Prices Post Biggest 4-Week Jump in At Least 5 Years

Pending home sales continued to outpace 2021 even as the listing shortage dragged on and mortgage rates shot up to above 4% for the...

Why California gas prices vary: ‘Mystery surcharge’ and more

You’re filling up your Toyota Camry at a gas station in Los Angeles County — home to six oil refineries that pump out more...

Austin Home Prices Have Risen $116,000 in the Last Year, Roughly the Cost of...

The typical Phoenix home price rose by the cost of a Porsche, and Boston prices rose by the cost of a Honda minivan, per...
Autos

How high gas prices are squeezing these Californians

Gasoline prices have soared at the worst time: Commuters are beginning to return to offices that some haven’t seen in two years, and record-hot...

Sick of high gas prices? It’s time to talk climate action

Let’s start by getting something out of the way: The skyrocketing gas prices plaguing Californians are not caused by climate policy. Yes, the state...

California gas jumps 13 cents overnight. There’s no telling when prices will drop

California gasoline prices continue to skyrocket as Russia’s war on Ukraine grinds on — and experts say there’s no telling when relief might arrive...

California’s high gas prices have a Russian oil component

As gasoline prices surge to new heights after the U.S. banned Russian oil, California drivers are in a position to be uniquely squeezed at...

How high will gas prices get as U.S. bans Russia oil imports

Based on wholesale gasoline futures just prior to Biden’s announcement, average gas prices will likely hit $4.50 a gallon nationally in the next...

Hiltzik: ‘Record’ gas prices and inflation

With the price of a gallon of crude oil spiking, you’ll be reading and seeing lots of reports about gasoline prices setting records in...
Business & Finance

Average California gas prices now over $5 a gallon

The average price of a gallon of self-serve regular gasoline in California is now a whopping $5.28, compared with $3.73 at the same time...

Home Prices Surge to Record High as Competition Heats Up

The median home sale price rose 16% from a year earlier, the largest increase since August. Tensions in Ukraine have stalled the rapid increase...

Rising gas prices from Russia-Ukraine conflict hit L.A.

Jose Mendoza’s semi-truck rumbled into a gas station as he prepared for his once-a-week routine that had grown increasingly excruciating in recent months: watching...

Will Russia’s Ukraine attack push gas, food prices higher?

Russia’s attack on Ukraine comes at a vulnerable time for economies around the world. Inflation is already at a worrisome level, consumers are paying...

Why California’s gas prices are so high

Anyone who’s filled up a car in recent months knows that gas prices are crazy high. And it’s no secret that prices in...

Ukraine crisis could send California gas prices even higher

Gas prices are higher than ever, and with tensions on the rise between Ukraine and Russia, there doesn’t appear to be an end in...

Will Russia’s Ukraine invasion push up oil prices, inflation?

WASHINGTON — By sending Russian troops into only a small, disputed slice of Ukraine, Russian President Vladimir Putin has put President Biden and the American economy...

Football came to Inglewood. Home prices and rents jumped

Inglewood’s home and rent prices have skyrocketed since the NFL approved plans for the Rams to relocate to Inglewood in 2016, outpacing surrounding communities...

Home Prices Are Soaring in America’s Most Popular Migration Destinations

Phoenix, Dallas and Orlando were the most popular migration destinations of 2021. But with home prices up roughly 30% in certain Sun Belt hotspots, some...

For Super Bowl 2022, resellers push parking prices high

On an average Sunday, parking at the Midas auto repair shop in Inglewood is free. On Super Bowl Sunday, it could cost as much...

Prices For Consumer Goods Are Rising Quickest in America’s Top Migration Destinations

Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in...

How many records can Southern California home prices break? Last year, 10

Southern California home prices hit another all-time high in December, capping a year of sharp growth that left many first-time buyers frustrated while...

Home Prices Start New Year at New High

January 13, 2022 January 13, 2022 by Tim Ellis January is shaping up to be the most competitive month in housing history. The median home...
Real Estate

8 Burbank Neighborhoods with Affordable Housing Prices

Author: Courtney Korb Published on: 2022-01-10 08:51:00 Click HERE to read the entire LAHomes story Burbank, California, is known for its many connections to the Los Angeles...

Gas Prices Rise Like a Rocket, Fall Like a Feather

Click HERE To See The Story at the Los Cerritos News Site (January 3, 2022) – Los Angeles gas prices have fallen 0.7 cents...

Housing Market Update: Home Prices Rise to New Record High

A dip in new listings contributed to the ongoing supply shortage as home prices hit another all-time high. The median home sale price rose...

L.A. Gas Prices $1.46/Gal. Higher Thank Last Year

Click HERE To See The Story at the Los Cerritos News Site (December 27, 2021) – Los Angeles gas prices have fallen 0.7 cents...

Home Prices Rise to All-Time High

December 22, 2021 December 22, 2021 by Tim Ellis The number of homes for sale fell to an all-time low, down 25% from a...
Business & Finance

Southern California home prices hit another record high

Southern California home prices jumped nearly 16% in November from a year earlier, showing how the market is still ultra-competitive despite a slight slowdown...

Home Prices Approach All-Time High

December 15, 2021 December 15, 2021 by Tim Ellis The number of homes for sale fell to an all-time low, down 25% from a...

Home Prices Hit Another Record High as Supply of Homes For Sale Hits Record...

December 8, 2021 December 8, 2021 by Tim Ellis However, homebuying demand may be slowing down as winter approaches. The median home sale price rose...
Business & Finance

Column: Insulin prices reveal greed of healthcare middlemen

Politicians for years have been making a show of wringing their hands over sky-high prescription drug prices. And no drug has drawn more scrutiny,...
Business & Finance

High prices, food insecurity crimps Thanksgiving dinners

Higher prices for groceries. Record gas costs. An ongoing pandemic that has meant reduced work hours for some and an inability to work for...

Home Prices Hit a New All-Time High

November 24, 2021 November 24, 2021 by Tim Ellis Homebuyers, on the other hand, face a market that is already heating back up with...
Business & Finance

High gas prices are hitting pickup truck owners hard

That silver Dodge Ram Warlock with the 5.7-liter V-8 Hemi engine must have looked pretty sweet when gasoline prices hovered around $4 a gallon....
Real Estate

‘It’s still not easy’: SoCal home prices rise 14% as buying frenzy cools slightly

Southern California’s cutthroat housing market has cooled in recent months, with some home shoppers — tired of losing bidding wars — putting their search...
Business & Finance

California gas prices soar to record highs

Gas prices in California reached an all-time high Monday as the average price of a regular gallon soared to $4.682, according to the American...

With layoffs down and spending up, US rebound gains momentum

WASHINGTON (AP) — A much-awaited economic boom coming off the pandemic recession appeared to edge closer to reality Thursday with fresh data showing the...

US stocks rise to records on more proof of economic recovery

U.S. stocks are rallying toward records on Thursday after a suite of encouraging data showed how hungry Americans are to spend again, how fewer...

A year after stocks soared, CEOs must show it was warranted

NEW YORK (AP) — It's time to show the receipts, CEOs. ...

Growers fret as Mexico moves to legalize marijuana

BADIRAGUATO, Mexico (AP) — For the first time that María can remember, half of her marijuana harvest is still in storage on her ranch...

Turkish central bank maintains key rate unchanged at 19%

ANKARA, Turkey (AP) — Turkey’s central bank on Thursday kept a key interest rate unchanged at 19%, in its first rate decision since the...

Fed survey: Economy rebounding, helped by stimulus, vaccines

A Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a...

Asian stock markets advance after new Wall St high

BEIJING (AP) — Asian stock markets rose Wednesday after Wall Street hit a high following an uptick in U.S. inflation and an order by...

Fed leaders agree: Economics has a racial-disparity problem

WASHINGTON (AP) — Top Federal Reserve policymakers on Tuesday underscored their concern that Black and Hispanic people are sharply underrepresented in the economics field,...

Consumer prices jump 0.6% in March, biggest gain since 2012

WASHINGTON (AP) — U.S. consumer prices increased a sharp 0.6% in March, the biggest uptick since 2012, while inflation over the past year jumped...

Fed’s Powell sees US boom ahead, with COVID still a risk

WASHINGTON (AP) — The U.S. economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve said...

IMF: Vaccine inequity threatens Mideast’s economic recovery

DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of...

Tech company gains help push S&P 500 to record high

Wall Street capped another week of gains with more milestones Friday, as strength in technology and health care stocks helped push the S&P 500...

Wholesale prices up 1% in March, energy leads the way again

SILVER SPRING, Md. (AP) — Wholesale prices jumped again in March pushed by another big increase in energy prices, the government reported Friday. ...

Ready to buy a home? The trick is finding or affording one

LOS ANGELES (AP) — Nathan Long and Lili Chin have struck out so far in their four-month search to find an affordable home in...

Asian shares mostly lower on strong China price data

BANGKOK (AP) — Shares fell Friday in most Asian markets after China reported a stronger than expected rise in prices that could prompt authorities...

Mortgage rates dip for first time since January

McLEAN, Va. (AP) — Mortgage rates fell for the first time in more than two months as buyers continue to be stifled by high...

Fed in March saw brighter outlook, yet underscored patience

WASHINGTON (AP) — Federal Reserve officials were encouraged last month by evidence the U.S. economy was picking up, but they showed no sign of...

Yellen calls for minimum global corporate income tax

WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to at...

Global stocks rise; Treasury yields rally after jobs report

NEW YORK (AP) — Stocks rose in many of the markets worldwide that were open on Good Friday, while Treasury yields rallied after a...

OPEC and allies agree to gradually boost crude oil output

FRANKFURT, Germany (AP) — The OPEC oil cartel and allied countries said Thursday that they have decided to add gradually add back some 2...

Mortgage rates remain steady, 30 year loan edges up 3.18%

Mortgage rates were virtually unchanged this week, but signs indicate that the housing market is constrained by higher prices and low inventory. ...

US factory activity expands at fastest pace since 1983

WASHINGTON (AP) — U.S. manufacturers expanded in March at the fastest pace in 37 years, a sign of strengthening demand as the pandemic wanes...

Saudi minister urges caution on oil production levels

FRANKFURT, Germany (AP) — Saudi Arabia's energy minister took a cautious view of any increase in oil production as members of the OPEC cartel...

Safety last: Risky investments soared at start of 2021

NEW YORK (AP) — Who needs safety when the world's about to get back to normal? ...

US home prices soared in January by most in seven years

WASHINGTON (AP) — U.S. home prices increased at the fastest pace in seven years in January as the pandemic has fueled demand for single-family...

S&P 500 returns to a record high after best day in weeks

NEW YORK (AP) — U.S. stocks burst to their best day in three weeks on Friday, helping Wall Street return to record heights and...

Consumer spending dipped 1% as winter storms raked the US

WASHINGTON (AP) — Consumers spending and personal incomes both fell sharply in February as severe winter storms disrupted shopping in many parts of the...

EXPLAINER: Suez Canal block could hit product supply chains

The cargo ship blocking the Suez Canal is holding up traffic that carries nearly $10 billion worth of goods every day, so a quick...

California power grid operators try to avert blackout replay

LOS ANGELES (AP) — California’s primary power grid manager approved plans Wednesday aimed at averting a repeat of the blackouts that rolled across parts...

Yellen, Powell say more needed to limit US economic damage

WASHINGTON (AP) — Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell told Congress on Tuesday that more must be done to limit...

Turkish lira plummets after Erdogan fires central bank chief

ANKARA, Turkey (AP) — The Turkish currency plummeted against the U.S. dollar on Monday after President Recep Tayyip Erdogan fired his third central bank...

Saudi oil giant Aramco reports 30% drop in payments to state

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-backed oil giant Aramco paid the Saudi government 30% less in taxes in 2020, the company...

Existing US home sales fell in February, while prices rose

Sales of previously occupied U.S. homes slowed last month as rising prices and a dearth of homes for sale kept some would-be buyers on...

Turkey’s president fires central bank governor by decree

ISTANBUL (AP) — Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors...

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