SACRAMENTO — Desperate for more housing in the nation's most populous state, the leader of the California Senate committed Thursday to passing a law this year to add more housing in a state facing a shortage of 3.5 million homes. Senate President Pro Tem Toni Atkins' comments came moments after...
Pending Home Sales Reached a 21-Month High in September
WASHINGTON — More Americans signed contracts to buy homes in September, a sign that the housing market is still benefiting from lower mortgage rates. The National Association of Realtors said Tuesday that its pending home sales index rose 1.5% from August to September to 108.7, its highest level since December...
State Rent Control Bill Dies in Sacramento
SACRAMENTO — An effort to expand rent control in California won't move forward this year after the lawmaker behind it cancelled a planned public hearing Thursday, saying his plan needs more work. Assemblyman Richard Bloom, a Santa Monica Democrat, has tried unsuccessfully several times to expand rent control, which is...
Home Sales Fall 4.9% in Slow Start to Spring Buying Season
WASHINGTON — Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties. The National Association of Realtors said Monday that home sales fell 4.9% to a seasonally adjusted annual rate of 5.21 million,...
Wildfires Burn California at Both Ends of the State
A wildfire raging through drought-stricken timber and brush near California's border with Oregon killed one person and destroyed multiple structures as it burns largely out of control, authorities said Friday. No other details were released about the death blamed on the fire that threatened 300 homes near Hornbook, a town...
Battle for AB 199: home prices at stake
The pricing of home construction could change dramatically, as both the labor and construction industry gear up for a fight in Sacramento. Industry analysts feel AB 199 could raise home construction costs by up to 46%. That would make a house going for the Fresno average of $325,000 rise to...
Battle for AB 199: home prices at stake
The pricing of home construction could change dramatically, as both the labor and construction industry gear up for a fight in Sacramento. Industry analysts feel AB 199 could raise home construction costs by up to 46%. That would make a house going for the Fresno average of $325,000 rise to...