Sales of previously occupied U.S. homes fell for the third straight month in April as the number of properties for sale hit a record low, driving prices to new highs. Existing home sales fell 2.7% last month from March to a seasonally-adjusted rate of 5.85 million annualized units, the National...
Developer’s Infill Bet Sparks Renaissance in Old ‘Mid State Bowl’ Neighborhood
A supermarket is buzzing. Lines continue at a Starbucks drive-thru. And, the sound of hammers can be heard as construction continues at the Mid-State Plaza. The relatively new shopping development at Clinton Avenue, just east of Highway 99, sits at where the classic Mid-State Bowl used to be located. The...
Real Estate Prices Soar During Pandemic, Climbing 25% in Parts of California
When Colette Barss sold her Seaside home this spring, her new east Garrison-area home had been sitting on the market for about 190 days. She ended up buying it for about $60,000 under asking price. Today, that would be extremely unlikely. The price of real estate has soared across the country since the...
Homeless Women Who Took Over California Home Gain Support
OAKLAND — Some California lawmakers said they support a group of homeless women who have been illegally living in a vacant three-bedroom house since November, partly to protest real estate speculators who drive up housing costs in the pricey San Francisco Bay Area. Moms 4 Housing, a collective recently formed...
California Governor Announces Deal to Cap Rising Rent Prices
SACRAMENTO — Gov. Gavin Newsom reached a deal with apartment owners and developers Friday on legislation that would cap how rapidly rents can rise as the state grapples with a housing crisis. The deal would cap annual rent increases at 5% plus inflation, with a 10% maximum increase. That's lower...
Walters: 2020 Property Tax Measure Altered
Sponsors of a 2020 ballot measure to increase property taxes on factories, stores, warehouses, office buildings and other commercial real estate withdrew it this week and launched a revised version. It would be, the union-led sponsoring coalition said, an improvement that eases the potential impact on small business. More likely,...
Walters: 2020 Property Tax Measure Altered
Sponsors of a 2020 ballot measure to increase property taxes on factories, stores, warehouses, office buildings and other commercial real estate withdrew it this week and launched a revised version. It would be, the union-led sponsoring coalition said, an improvement that eases the potential impact on small business. More likely,...
How Much Will Clovis New Home Prices Increase With Fee Hike?
(Editor's Note: This story has been updated to reflect the Clovis City Council's vote Monday night.) As Clovis grows, so do fees for new developments. The Clovis City Council approved increasing developer impact fees Monday night (July 2), following four hours of discussion. All five council members voted in favor...