Items Tagged with 'California'


Game changer: California investigating Wells Fargo for identity theft

Could lead to charges against former employees who opened fake accounts
A group of senators is already asking the Department of Justice to use a new policy to target individuals at Wells Fargo for corporate misconduct (and maybe even more) in the wake of the fake account scandal surrounding the bank. But the state of California is making a move that could lead to a whole new world of hurt for Wells Fargo, its current and former executives, and the 5,000 former employees who opened the fake accounts.
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Looking to buy a home? Now is not the time

Housing affordability keeps homeownership out of reach
Fall is bringing with it new highs in home prices, crushing potential buyers' hopes for relief from the affordability crisis. While sellers continue to benefit with the rising prices, buyers are not so lucky. Even with interest rates near all-time lows, would-be buyers may struggle to enter the market.
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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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