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Economy

Home buying competition to ramp up as rates get cut, says local Realtor

in Community/Economy/News

Ready, set, buy a house? According to Michael Rocha of Atlantic Realty, the real estate market could look like a sprinting event at the Olympics in the coming months.

As 2024 gets underway, Rocha, who was voted Best Realtor by 209 Magazine readers in 2021 and 2022, is once again offering his yearly predictions for the local real estate market. And for the first time in over a year, he expects there to be some drastic change, predominantly coming by way of the Federal Reserve and their plans to lower interest rates at least three times this year in their efforts to help the national economy rebound from inflation and declines in the labor market. 

Continue reading on Turlock Journal

The gas price fluctuate between $4.99 and $5.99 in Turlock as of 2023-10-08. Find the cheapest station near you.

in Community/Economy/News

For most people, it is a constant necessity of life to manage gas prices.

The national average price for a gallon of regular-grade gas on Sunday is $3.709, a week ago the price is $3.815 , according to AAA.

Continue reading on NewsBreak

Local unemployment rates dip for second straight month

in Economy/Employment/News

Unemployment rates in Stanislaus and Merced counties dropped in the month of August, according to preliminary data provided by the State of California’s Employment Development Department. It marks the second straight month — and the only two months of the year — in which the rates for each county fell.

Continue reading on Turlock Journal

The gas price ranges from $4.47 to $5.09 in Turlock as of 2023-08-06. Find the cheapest station near you.

in Community/Economy/News

For most people, it is a constant necessity of life to manage gas prices.

The national average price for a gallon of regular-grade gas on Sunday is $3.829, a week ago the price is $3.752 , according to AAA.

Continue reading on Newsbreak

County jobless rate up for five out of last six months

in Community/Economy/News

The unemployment rates in Stanislaus County rose again during June, according to the latest data provided by the State of California Employee Development Department, making it five out of the last six months in which regional rates have failed to improve.

In Stanislaus County, the rate rose from 6.4% in May to 6.8% in June, representing approximately 16,600 residents without work. 

Continue reading on Ceres Courier

Unemployment on the rise

in Community/Economy/News

The unemployment rates in Stanislaus and Merced counties rose again during the month of June, according to the latest data provided by the State of California Employee Development Department, making it five out of the last six months in which regional rates have failed to improve.

In Stanislaus County, the rate rose from 6.4% in May to 6.8% in June, representing approximately 16,600 residents without work.

Continue reading on Turlock Journal

Local unemployment rates remain stagnant in May

in Community/Economy/News

The State of California’s Employee Development Department released its month labor report this week, and the statistics show that unemployment rates in the region had little movement during the month of May. It comes as California and the United States have seen slight rises in unemployment rates.

In Stanislaus County, the unemployment rose slightly from 6.2% in April to 6.4% in May, representing approximately 15,600 individuals.

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Why don’t we have a …? Top national restaurants not open in Modesto, Stanislaus County

in business/Community/Economy

After a long weekend of home-cooked feasts, many Modesto residents may be looking for a little kitchen relief from the Thanksgiving holiday.

A night out at one of the city’s many locally owned or national chain restaurants is just the break needed after eating turkey leftovers in all its incarnations for days. Still, while Stanislaus County has a host of big-name eateries to choose from, the region doesn’t necessarily have all of the biggest restaurant chains.

Continue reading on Modesto Bee

TID power rates will increase for first time since 2015. Here’s how much and why

in Community/Economy/News

Electricity customers in the Turlock Irrigation District will get a rate increase Dec. 1 to cover the rising cost of natural gas, its main power source.

A home will pay $8.05 more a month during winter based on an example from TID assuming 805 kilowatt-hours of consumption. It will be $12 if that home uses 1,200 kilowatt-hours during a summer month, when air-conditioning is in demand.

Continue reading on Modesto Bee

Gasoline soars to about $6 per gallon in Stanislaus County. Where to buy the cheapest gas?

in Community/Economy/News

Gasoline prices are hovering around $6 per gallon in the Modesto area, as the cost has risen more than 90 cents since a month ago, according to GasBuddy.

The average for Modesto was $5.97 per gallon Monday after the price surged 55.6 cents in the past week.

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