News

California News – 5-25-2021

SoCal home prices jump 20% in April, which sets another record

  • Home prices in Southern California have shown an all time high in April
  • The Six-county region’s median home price increased 20.2% year over year to a record $655,000 which is $25,000 more than the previous median record in March
  • Southern California has experienced a 20.2% leap and is the first year-over-year increase since December 2013
  • April home sales jumped 86.2% year over year with a total of 25,857 transactions, compared with 13,889 in April 2020

Construction of new L.A. turbo-charged subway breaks ground during pandemic

  • A group of politicians stood at a site on Wilshire Boulevard just west of the 405 Freeway to break ground on the final leg of a subway
  • This new subway will eventually be able to take riders from downtown L.A. into the Westside
  • Los Angeles has dreamed of the idea of mass transit under their most iconic boulevard for decades but have faced neighborhood opposition over crime and violence
  • Because of the pandemic, the Metro saw a 70% drop in ridership and they used this time to push forward several projects including this one (The Wilshire subway)

K Buenavista

Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.

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