Now, after it appeared lawmakers would make their strongest attempt yet at addressing California’s housing affordability challenges, they believe their measures won’t be enough. “We all know we have.
New home sales fell 7% in December New home sales gain 3.7% in December, vs. estimate for 8.7%. – New home sales gain 3.7% in December, vs. estimate for 8.7% decline March 6, 2019 the_admin 0 Comments Sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower, pointing to continued weakness in the housing market.
Abuses of the California Environmental Quality Act are aggravating the state’s housing crisis, according to a recent study by. at it again Don’t expect the impeachment sideshow to go away after.
Realtors and everyone else are wrong about net neutrality Prohibition Will Get You Nowhere’: Writer and Activist Cory Doctorow’s Message to Schools and Educators – In science fiction novels like “Little Brother,” he has explored the implications of mass surveillance, and on the popular blog boing Boing, he has written on topics such as net neutrality..
California is in the midst of crippling housing crisis. The state’s population has steadily grown, but it hasn’t been building new places for people to live at anything close to the same rate.
In a hearing room in California’s capitol on Tuesday, State Senator Scott Wiener described a widespread housing crisis in stark terms. California is short about 3.5 million homes, he said.
Since about 1970, California has been experiencing an extended and increasing housing shortage,: 3 such that by 2018, California had the 49th lowest ratio of housing units per resident.: 1 The shortage has been estimated at 3-4 million housing units (20-30% of California’s housing stock, 14 million as of 2017).
Foreclosures down for third straight month as lenders manage backlog: RealtyTrac foreclosure filings dip for third straight month. Banks repossessed more than 77,000 homes last month, down from nearly 88,000 homes in September.. lenders are delaying foreclosure as they.
Getting a loan isn’t the ordeal. in places such as California, Florida and Texas, where affordable housing demand is especially strong. Jobs for truckers, forklift operators and many others.
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'It's like we don't exist': California's invisible rural housing crisis. The projected drop-off in affordable housing would hit hardest in the Midwest. “Homelessness in rural areas isn't usually as visible as it is in cities,” Mr. Wiener says.. or living in cars or RVs as more of the affordable housing is going away.
As the housing crisis has grown across California, the state has seen a rise in the number of “super commuters,” residents who commute longer hours to cities starved of affordable housing. and it.
MBA assembles task force to revisit single-family GSE reform Bill to Let FHA Raise Annual Premiums Heads to Obama Aimco on legal war path, taking on Airbnb in Florida Patch of Land offers debt-based crowdfunding solution Patch of Land recently had a 6-month, $660,000 deal advertised at 11% annual yield fully subscribe in a few days. I don’t think you would have seen a 5.5% return sell out like that 6 to 9 months ago and I think it has everything to do with how well Patch of Land mitigates risk through their underwriting and compliance standards.Aimco claims against Airbnb cleared to proceed in Florida. Apartment Investment and Management ( AIV -0.8% )–also known as Aimco–says a circuit court decision clears the way for it to pursue claims against short-term rental company Airbnb ( AIRB ). The Miami-Dade 11th circuit court denied airbnb’s motions to dismiss the lawsuit filed by three.October 5, 2010 – A new law affecting FHA loan mortgage insurance premiums may cause some initial confusion, but once the facts are clearly understood, FHA borrowers can adjust their budgets accordingly. President Obama signed a bill in August of 2010 giving hud additional flexibility when it comes to mortgage insurance premiums.The MBA Task Force In March 2016, MBA convened the Task Force for a Future Secondary Mortgage Market: Comprised of 22 individuals representing institutions spanning a wide range of sizes and business models Spent over a year considering and debating many potential models in developing its
C.A.R.’s Traditional Housing Affordability Index (HAI) measures the percentage of households that can afford to purchase the median priced home in the state and regions of California based on traditional assumptions. C.A.R. also reports its traditional and first-time buyer indexes for regions and select counties within the state.
By: Donna Kimura June 13, 2019 – With a growing homeless population and daunting goals in front of them, California’s housing leaders say they are determined to tackle the affordability crisis.