Archive for July, 2009

Balboa Island vacationers still happy

Friday, July 31st, 2009

Balboa Island FerryI enjoyed reading today’s Los Angeles Times article about Balboa Island.  As a child, my family often spent our summer vacations on the Island.  When we arrived at Balboa Island from our home in Phoenix Arizona we thought we were in Shangri La!  I never could understand why we had to go home.  I can still remember walking barefoot on the boardwalk, grabbing a corn dog and riding the ferry across the bay to the Fun Zone.  Back then, the Fun Zone had a large covered oval bumper car track.  My sisters, cousins and me would spend hours driving around that track crashing into one another.  When we were done, our tennis shoes would be black from the oil left on the track.  To this day, I still enjoy taking my family down to the island, grabbing a cup of coffee and a cinnamon roll and riding the ferry.  As the article correctly points out, “People come over the bridge and all of a sudden all their anxiety is gone.”  Click the photo above to read the entire Los Angeles Times article.

Fed’s Beige Book offers brighter assesment

Thursday, July 30th, 2009

Beige2On Wednesday, The Federal Reserve released their Beige Book, a compilation of impressions collected from businesses across the county.  This latest report appears to show an economy that is slowing it’s downward slide.  Click on the photo to the left to take you to the complete article from the Thursday, July 30, 2009 edition of the Los Angeles Times.

New housing data sends mixed signals

Wednesday, July 29th, 2009

For SaleAs Reported in the Wednesday, July 29th, 2009 Los Angeles Times, new housing data sends mixed signals about the state of the market.  Although the S&P/Case Schiller index of home prices in 20 metropolitan areas was up slightly in May over its April level, the local Los Angles index, which includes Orange County was down 19.8% from the year-ago month.  Also, inventories of unsold homes still remain very high and recently reported increases in the median home sales price may be a reflection of more high end homes hitting the market as opposed to a broad based increase in all prices.  Click the photo at left to link to the LA Times article.

Commercial real estate slumps

Sunday, July 19th, 2009

Com Real Estate Slump

The Sunday, July 19th, 2009 issue of the Los Angeles Times featured an interesting article on the state of the Southern California commercial real estate market.  Click on the chart to the right, toview the article at the Los Angeles Times website.