Recent Internal Revenue Service data showing a net loss of more than 425,000 people between 2021 and 2022 indicates California is losing residents to states with lower or no income tax, according to a Chapman University professor. “We are losing more of the high-income earners than the low-income earners, and it’s an increasing proportion of…

ORANGE, Calif.—As the Federal Reserve continues to raise interest rates, economists say it would significantly lower demand in the housing market and impact local home prices. According to the semiannual economic forecast released by Chapman University, economists predict Orange County’s median home price would fall by 12 percent down from $1,012,000 in mid-2022 to $891,000…

ORANGE, Calif.—As the Federal Reserve continues to raise interest rates, economists say it would significantly lower demand in the housing market and impact local home prices. According to the semiannual economic forecast released by Chapman University, economists predict Orange County’s median home price would fall by 12 percent down from $1,012,000 in mid-2022 to $891,000…

ORANGE, Calif.—Economists at Chapman University are predicting Republicans will see a midterm gain of 53 seats in the House of Representatives and high gas prices may be the reason. “There is a relationship between the price of gas and election results,” Chapman University President Emeritus Jim Doti said June 23 at the school’s Economic Forecast Update…