Economists agree that the tide is set to bring a wave of recession affecting all major world economies within the next 18 months. Although no two recessions look the same, they are mostly preceded by high inflation and a rising cost of living. All economies need to go through a recession or depression at some point in order to grow. ...
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California Enters ‘Pandemic-Induced’ Recession As Coronavirus Continues To Impact Economy
California is now entering a “pandemic-induced recession,” according to Governor Gavin Newsom, as coronavirus continues to impact the world economy. Newsom said in a press conference Friday he has started a workgroup called the Governor’s Taskforce of Jobs and Business Recovery, comprising of all past living California governers and economic leaders from across the state. “We are now in a ...
Read More »November Sees Second Highest SCV Home Prices Since Recession
November's home prices in the Santa Clarita Valley are up from this time last year--at their second highest since pre-recession levels. Condo prices are also up and new construction has helped boost sales.
Read More »Santa Clarita Valley Home Prices Almost Back To Pre-Recession Levels
June home prices are encouraging as the economy continues to improve. Prices for single-family homes and condominiums have almost reached fall 2008, pre-recession levels. Foreclosures and short sales are also down.
Read More »Santa Clarita City Council Votes 4-1 For Six Percent Pay Raise
The Santa Clarita City council voted 4-1 Tuesday night to raise their salary six percent by July 1, 2014. The raise averages three percent per year, below the state maximum of five percent and in keeping with city staff's three percent raise.
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