WASHINGTON — U.S. home prices soared in April at the fastest pace since 2005 as potential buyers bid up prices on a limited supply of available properties. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, jumped nearly 15% in April from the previous year. That is up from...
Newsom Wanted to Go Bold on Housing. Have He and Lawmakers Delivered so Far?
On the campaign trail and after taking office, Gov. Gavin Newsom promised bold action to confront the issue he called California’s greatest challenge: making housing affordable again. Or at least returning us to a world where this house doesn’t sell for $900 grand. The rhetoric was lofty: A “Marshall Plan” for...
Consequences of labor bill would put home prices out of reach
Industry experts say the unintended consequences of a labor law would lead to a dramatic increase in home prices, putting it out of reach for many. AB 199, authored by Assemblyman Kansen Chu (D-San Jose) is supposed extend wage protections (known as the prevailing wage rate) for public projects at...
Consequences of labor bill would put home prices out of reach
Industry experts say the unintended consequences of a labor law would lead to a dramatic increase in home prices, putting it out of reach for many. AB 199, authored by Assemblyman Kansen Chu (D-San Jose) is supposed extend wage protections (known as the prevailing wage rate) for public projects at...
Change in law could increase home prices
A bill circulating in Sacramento could make home buying just a little bit harder. AB 199 would apply prevailing wages for labor building private homes, with those in the building industry saying that would have a drastic effect on home prices. Prevailing wages are similar to a state-mandated minimum wage,...
Change in law could increase home prices
A bill circulating in Sacramento could make home buying just a little bit harder. AB 199 would apply prevailing wages for labor building private homes, with those in the building industry saying that would have a drastic effect on home prices. Prevailing wages are similar to a state-mandated minimum wage,...