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Thornberg put it more bluntly: “The recession I’m worried about is going to happen in one, two, three years. I see a lot of unsustainable trends. “Don’t jump in your bunker,” he said ...
“This decline is similar to those seen during the Great Recession and dot-com bust,” according to the Legislative Analyst’s Office. California’s revenue decline is reminiscent of the Great ...
With a potential recession looming, California faces an estimated $25-billion deficit. Lower spending on transportation, housing and education could help close the gap.
The 1948 recession was a brief economic downturn; forecasters of the time expected much worse, perhaps influenced by the poor economy in their recent lifetimes. [62] The recession also followed a period of monetary tightening. [40] Recession of 1953: July 1953 – May 1954 10 months 3 years 9 months 6.1% (September 1954) −2.6%
Sky high inflation. Rising interest rates. Falling home purchases. Analysts are working to digest a host of signals about the state of the U.S. economy, which emerged from a pandemic recession ...
Mortgage rates could also take a dip next year, the California Association of Realtors says. ‘Mild’ recession could lower California home prices in 2023. What about SLO County?
The California Legislative Analyst's Office 2015 report "California's High Housing Costs – Causes and Consequences" estimates that for the state to have kept housing prices no more than 80% higher than the median for the U.S. as a whole (the price differential which existed in 1980, as opposed to the >150% differential which exists today ...
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