1.Gauge of US Economy Rises 0.3 Percent in June
“A gauge designed to predict the economy’s future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.”
2.3 Mistakes New Real Estate Investors Make
“Investing in real estate can seem like a safe bet. After all, you can touch and feel the physical asset, but that creates a false sense of security, experts warn”
3.Surprise: The Economy isn’t As Bad As You Think
“Nearly seven years after the onset of the Great Recession, the national mood remains troubled. Surveys find entrenched pessimism over the country’s economic outlook and overall trajectory. In the latest NBC News/Wall Street Journal poll, 63% of respondents said the U.S. is on the wrong track. It’s not difficult to see why. ”
4.Phoenix’s rough housing recovery
“Phoenix’s real estate market rose from the ashes after the economic downturn, but now it may be stumbling again. ”
5.Foreclosures continue to plunge in California
“Foreclosures have fallen to their lowest levels in California and Sacramento County since late 2005, market researcher DataQuick said Thursday.”
6.Tiny homes with big price tags in Pasadena: Inventory grows in Southern California and cash investors continue to pullback from the market.
“When you are deep in the euphoria of a mania it is funny what you will come up with to justify shoddy construction, aged properties, and ultimately a profound delusion of value.”
7.California’s unemployment rate decreases to 7.4 percent
“California’s unemployment rate decreased to 7.4 percent in June, and nonfarm payroll jobs increased by 24,200 during the month for a total gain of 1,351,800 jobs since the recovery began in February 2010, according to data released Friday by the California Employment Development Department from two separate surveys.”