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$1 million starter home? It's the norm in 237 cities, according to Zillow
A $1 million starter home? Apparently, it's the norm in hundreds of cities!According to a recent study from Zillow, the typical "starter home" - which is defined as being among those in the lowest third of home values in a given region - is worth at least $1 million in 237 cities, the highest number of cities ever.Plus, almost half of those cities are in California.New York and New Jersey took the No. 2 and No. 3 spots on the list while Florida and Massachusetts rounded out the top five.According to Zillow, the typical starter home nationwide is worth less than $200,000, which is more of a down payment in Southern California."Home buyers are battling affordability and availability today. So much so that $1 million is the norm for a starter home in hundreds of cities," said Orphe Divounguy, a senior economist at Zillow. "However, it's looking more and more like there will be some good news ahead for first-time buyers. More homes are for sale, price cuts are on the rise, and buyers have a few more days to weigh their options as homes sit on the market."To read more about the Zillow analysis, click here.
California date palm ranches reap not only fruit, but a permit to host weddings and quinceañeras
COACHELLA, Calif. (AP) — Claudia Lua Alvarado has staked her future on the rows of towering date palms behind the home where she lives with her husband and two children in a desert community east of Los Angeles. It’s not solely due to the fleshy, sweet fruit they give...
Bankruptcy filing of large wine producer spells scary time for state of industry
One of the largest wine producers in the country filed for bankruptcy this week.The news of Vintage Wine Estates filing for bankruptcy sent shock waves throughout the industry."Execution of the IPO. I think it was rushed," said Rob McMillan, Silicon Valley Bank executive vice president.The Santa Rosa-based company went public in 2020. Under it, over 30 wine and spirit brands.Most of its products are in the $15 to $20 range. To understand what might have gone wrong, we spoke with McMillan, one of the top wine-business analysts in the country.MORE: Invasive lanternflies that have potential to affect entire industries intercepted...
Weekly News Wrap with Cassie MacDuff 7/26/2024
Former Press-Enterprise Columnist and longtime KVCR news contributor, Cassie MacDuff joins KVCR to review a few of the Inland Empire’s major news stories of the past week. The conversation can be heard on KVCR’s “Morning Edition” most Friday mornings at 6:45 and 8:45. Our segments with Cassie are also archived here for listening on demand.
How Flashfood app has helped California residents find discounted groceries
SACRAMENTO — Earlier this year, we told you about a new app that connects customers with discounted groceries that are about to expire. Now, customers are speaking out about their experience with the app and how they've managed to save a few bucks.Florence Mensah is always looking for a deal."My family is huge. We travel in a 15-seater van," she said. "So to save money on food, I was like, 'Yeah.' "She found out about the new Flashfood app on TikTok. Grocery stores partner with them and let customers know about discounted food that's getting close to its best-by date."So...
Prop 32 asks California voters to raise statewide minimum wage to $18
Renato Palisoc has worked at the Hilton Bayfront in San Diego for 16 years. He said wages have gone up incrementally during that time, but the cost of living in California has increased exponentially. California's current $16 minimum wage is more than twice the federal minimum wage, which is $7.25....
Soul Beat, California's first African American TV station, is coming back
California’s first African American television station is getting ready for a relaunch. Founded in 1978 by the late Chuck Johnson, Soul Beat, the 24/7 channel based in Oakland, highlighted music, lifestyle, education and culture for more than two decades. The network went off air in 2003 after the passing...
Don't feed the meter. Save money and buy a parking permit at these L.A. and O.C. beaches
If you're a frequent beachgoer, it would be cheaper to purchase a parking permit than to park on the street. Here are the cities in L.A. and Orange counties offering permits.
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