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Economy

Are rental prices in Modesto higher than ever? Here’s what the data says

in Community/Economy/News

Valley renters may be feeling additional strain on their budgets as Modesto has seen one of the highest spikes in rental prices in this region.

On the Modesto subreddit , one post asks the forum, “What do you make of the rising cost of living here in Modesto?” Several respondents cite that they moved to Modesto to escape the rising costs of the Bay Area but have been feeling an encroaching financial strain.

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These California housing markets are the ‘most overpriced’ — Valley city commands 31% premium

in Community/Economy/News

California’s real estate market is one of the most expensive in the country and some markets in the state continue to be “extremely overpriced,” according to an analysis of housing market data.

Sacramento ranked as one of the state’s top 10 most overpriced markets with the listing price for a single-family home averaging at $580,804.

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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. 

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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.

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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.

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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.

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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. 

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Unemployment on the rise

The unemployment rates in Stanislaus and Merced counties rose again during the month of June, according to the latest data

HELPING HOMELESS

Frank Saldana attended the workshop for the Mixed-Use Community Homeless Navigation Center earlier in the week. He’s the founder of

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.

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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.

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