Items Tagged with 'California'

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Wells Fargo heat turned up: Oregon wants big changes, California wants Stumpf to resign

Another state wants structural changes at embattled megabank
The hot seat Wells Fargo CEO John Stumpf currently resides on is nowhere close to cooling off, especially in the wake of Stumpf’s rough appearance Thursday before the House Financial Services Committee to discuss the bank’s fake account scandal. Now, two separate states are calling for significant changes at Wells Fargo, with one calling for Stumpf's resignation.
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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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California home sales flat in August

"Flat is the new black"
California home sales wrapped up the summer on a low note, but the news doesn’t come as much of a surprise, Madeline Schnapp, director of Economic Research for PropertyRadar, said in the latest report. Schnapp explained this report similarly to how she unraveled the July report. They key to understanding is in the details.
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California home sales gaining momentum

Posted fourth straight annual increase
Pending home sales in California show that existing home sales could see another increase in the fall if the momentum continues. The recent slow-down in San Francisco, however, leaves other markets to pull the momentum.
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No, California's housing market didn’t fall "off a cliff" in July

The silver lining in the state's housing market
At first look, it appears California’s housing market in July significantly struggled, with single-family homes and condominiums falling a whopping 10.4% for the month. But PropertyRadar dug a little deeper into the data, finding that while sales did decline, it wasn’t as bad as first expected.
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Fed strikes down San Fran affordable housing plan

Says it violates HUD regulations
At a time when California desperately needs affordable housing, city officials in San Francisco struggle to find a solution that will coincide with HUD’s standards. They recently passed affordable housing legislation, however federal housing authorities quickly struck it 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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West coast sacrifices home affordability for a strong recovery

Top 15 performing major metro markets
The South and West, to no surprise, dominate the country in terms of highest performing markets. However, the data making the West one of the top regions is starting to change. In order to have a strong recovery, the West is sacrificing one of the factors it needs the most: affordability.
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