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SoCalGas says skyrocketing gas bills will drop significantly in February

With astronomical natural gas prices squeezing the pocketbooks of Southern California Gas Co.'s 21.8 million customers, the company says relief may be on the way as soon as next month. In a statement, the company said the price of natural gas for its customers would be down 68% for February compared with January. “While we’re relieved that prices have dropped significantly...

Absorption Rate Analysis: January 2023 – Is the Los Angeles Housing Market Making Big Shifts or Treading Water?

At first glance, January seems like it was a big month for the Los Angeles housing market… at least in some neighborhoods. The absorption rate had massive drops toward a buyer’s market in Northridge and Burbank. Then there was a significant drop in Encino which we’ll also examine a bit more in just a moment. That’s not to detract from decent bumps further into seller&rs...