California Economy

California Governor Arnold Schwarzenegger signed legislation to provide a tax credit to Californians who are buying their first home or purchasing a brand new home.

In the top 10 metro areas for foreclosures, some saw significant increase in foreclosure filings for the month of February, while others saw significant decrease in foreclosure activity for the month, according to a foreclosure tracking report.

California Economy News

There are 10 states in which the real estate industry is the biggest contributor to the state's economic output.
The state's inflation adjusted growth was only $7 billion for the year.
The top state contributed 12.5% of the government sector's economic output in the United States.
The top state contributed 42.6% of the mining industry's economic output in the United States.

After substantial errors were uncovered by the state government during an additional actuarial review of Aetna's proposed health insurance rates for California, the company has decided to withdraw its rate filing. The Aetna proposed rate filing would have increased premiums by an average of 19 percent.

Recent California Economy News

These six states totaled 61% of all foreclosure activity, according to a foreclosure tracking report.
The state that relies the most on the professional and technical services industry contributed 1.9% of the industry's economic output in the US.
The state that relies the most on the information industry contributed 3.4% of the information industry's economic output in the United States.