Items Tagged with 'California housing'


Will California real estate experience the toughest year yet in 2017?

Projected to have lowest housing affordability in six years
The trials that plagued the California housing market in 2016 aren’t expected to get too much better in 2017. The California Association of Realtors' forecast for 2017 is out and some parts of it look very familiar. Once again, the real estate market is projected to face a major supply shortages and affordability constraints.
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Is California's housing boom finally coming to an end?

CAR: Affordability and inventory tightens
Not too long ago, California’s housing market reached a nearly four-year high, but that momentum came to a halt in July when sales fell from the previous year for first time in 18 months. Now, according to the August report from the California Association of Realtors, the market is likely to stay down.
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California home sales come tumbling back down to earth

Home values remain strong
Just one month after posting a nearly four-year high, home sales in California took a step backwards in the month of July, with year-to-date sales falling from the previous year for first time in 18 months, according to a new report from the California Association of Realtors.
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Mortgage brokerage CEO jailed for stealing homes, renting them back to struggling homeowners

Direct Money Source CEO guilty of conspiracy, loan fraud, aggravated identity theft
The former owner and chief executive officer of a California mortgage brokerage will spend nearly the next eight years in federal prison after pleading guilty to charges that he falsely promised to help distressed homeowners avoid foreclosure. But instead of actually helping the struggling homeowners keep their homes, David Singui, and his company, Direct Money Source, stole the equity in the homes and served as the homeowners' impostor landlord for a period of years.
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California AG backs expansion of Homeowners' Bill of Rights

Throws support behind bill that would help widowed spouses keep their homes
California Attorney General Kamala Harris is throwing her support behind a bill that expand the state’s Homeowners’ Bill of Rights to include a provision designed to help widowed spouses and children stay in their homes after the primary mortgage holder passes away.
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Los Angeles Realtor 'hijacks' Coachella social media feeds

California music festival attendees unwittingly and repeatedly tagged agent
It’s not often that we at HousingWire talk about things reported by The Hollywood Reporter, but this one is just too good to pass up. A Los Angeles Realtor is in a bit of social media hot water after his name and profile suddenly began showing up all over social media posts emanating from the Coachella Valley Music and Arts Festival over the weekend.
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San Francisco Assemblyman confronts city's housing crisis

Bills would restore rental developments and aid senior citizens
San Francisco Assemblyman Kevin Mullin wants to address the region’s housing crisis by presenting two bills that focus on requiring more affordable housing in certain developments and allowing senior citizens to keep more tax money after selling their homes.
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