U.S. home sales tumble to a 10-year low
The last time the U.S. housing market was this slow, “Fifty Shades of Grey” topped the box office and “Uptown Funk” was the No. 1 song.To get a broader glimpse into the nation’s housing market, my trusty spreadsheet reviewed a slightly different set of home sales figures created for the Southern Cal
California jumps to world’s No. 4 economy. Can that last?
California in 2024 claimed the world’s fourth-largest economy, by some curious math.Whether the state remains at this high, bragging-rights perch is very much in doubt.California businesses produced $4.1 trillion worth of goods and services in 2024, according to the latest gross domestic product est
Homeownership further out of reach as rising prices, high mortgage rates widen affordability gap
By ALEX VEIGA, AP Business WriterLOS ANGELES (AP) — Homeownership is receding further out of reach for most Americans as elevated mortgage rates and rising prices stretch the limits of what buyers can afford.A homebuyer now needs to earn at least $114,000 a year to afford a $431,250 home — the natio
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