Items Tagged with 'california homes'

ARTICLES

  • California sues one of its own cities for not building enough affordable housing

    Governor: California’s housing crisis is an existential threat to our state’s future
    In an unprecedented move, the state of California is suing one of its own cities for not building enough affordable housing. Late last week, California Gov. Gavin Newsom announced that the state is suing the city of Huntington Beach for “standing in the way of affordable housing production and refusing to meet regional housing needs,” actions that “harm California families’ ability to find affordable places to live and drive up housing costs for everyone.”
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  • Gateway Mortgage shuttering California branches, laying off dozens

    Oklahoma lender closing all 8 California retail branches
    Over the course of the year, thousands of people working in the mortgage business have been laid off as rising interest rates drive mortgage originations lower and the economics of the mortgage business become tougher for companies to survive unscathed. Now, Gateway Mortgage Group is joining that list and becoming the latest mortgage company to lay off a number of employees.
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  • Airbnb agrees to let California conduct fair housing tests on hosts

    Short-term rental site's users now subject to fair housing rules
    California homeowners who rent out their properties on Airbnb could now potentially be the target of fair housing investigations, thanks to an agreement between the short-term rental website and the California Department of Fair Employment and Housing. Here are the details.
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  • San Francisco home sales fall to lowest level since crisis

    Distressed property sales fall to 15-year low
    It’s still getting more expensive to buy a home in the San Francisco Bay Area, and those continually rising costs are depressing home sales in the area to levels not seen since the housing crisis. Here are more details on the Bay Area housing market, and a look at what the future holds.
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  • California home sales explode in June

    Post first double-digit monthly growth since 2011
    The Golden State experienced a very good month for real estate in June, as California existing home sales hit a nearly four-year high, according to a new report from the California Association of Realtors. But it's not all good news. Here's the full story.
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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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  • Thanks to TRID, California home sales exploded in December

    Delays led to highest monthly sales increase in five years
    After November 2015 turned out to be California’s worst home sales performance for the month since 2007, several observers were quick to point to the implementation of TRID as the cause. But November 2015 is looking like a mere speedbump for California. That's because December proved all that wrong. Here are the numbers.
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