California State Government and Public Real Estate News

WASHINGTON, D.C. – February 26, 2015 – (RealEstateRama) — The Land Use Services Department will continue to solicit public input on the future of renewable energy development throughout the County’s unincorporated areas during a special listening session from 2 to 4 p.m. on March 5. more »


Fewer multiple offers and more homes sold below asking price point to less competitive buyers’ market

LOS ANGELES – February 26, 2015 – (RealEstateRama) — Pending home sales rose from December’s extreme lows and posted month-to-month and year-to-year increases in January, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Additionally, California REALTORS® responding to C.A.R.’s January Market Pulse Survey saw more price reductions and an increase in open house traffic, compared to a year ago.  The Market Pulse Survey is a new monthly online survey of more than 300 California REALTORS® to measure sentiment about their last closed transaction and business activity for the previous month and the last year. more »

WASHINGTON, D.C. – February 26, 2015 – (RealEstateRama) — Rep. Peter DeFazio (D-OR), Ranking Member of the House Committee on Transportation and Infrastructure, and Rep. John Garamendi (D-CA), Ranking Member of the Subcommittee on Coast Guard and Maritime Transportation, blasted House Republican leadership for holding critical Coast Guard funding hostage to score political points. Funding for the Coast Guard will run out on Saturday, putting 41,000 active-duty military personnel in harm’s way without pay unless Speaker Boehner allows a clean vote on funding for the Department of Homeland Security (DHS). more »

WASHINGTON, D.C. – February 25, 2015 – (RealEstateRama) –A 53-year-old Long Beach man pleaded no contest today to the attempted murder of a Long Beach city code enforcement inspector and then holding police at bay for hours in 2012, the Los Angeles County District Attorney’s Office announced. more »

LOS ANGELES, Calif., – February 24, 2015 – (RealEstateRama) — American Realty Advisors, an institutional real estate investment manager with more than $6 billion in assets under management, has acquired the Shoemaker Distribution Center, a 175,000 square-foot Class A industrial warehouse in Santa Fe Springs, California. more »

WASHINGTON, D.C. – February 24, 2015 – (RealEstateRama) — For the past year, CIRB has been tracking month-by-month photovoltaic (PV) installations and valuations across the state of California. 2014 numbers show the volume of solar permit issuance and city-level calculations of residential and commercial installations. more »

January home sales and price report

LOS ANGELES – February 20, 2015 – (RealEstateRama) — California’s housing market started the new year still bearing the scars of 2014’s tight housing inventory and low housing affordability as statewide home sales fell from the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

WASHINGTON, D.C. – February 18, 2015 – (RealEstateRama) — The Long Beach Continuum of Care (CoC), led by the Long Beach Department of Health and Human Services – Homeless Services Division, has been awarded $8.17 million, the largest competitive grant it has received from the U.S. Department of Housing and Urban Development (HUD). The funding includes $1.06 million to expand housing and support services, and $7.11 million to support ongoing homeless projects and add new planning capabilities. more »

Los Angeles, CA – February 18, 2015 – (RealEstateRama) — A $4 million boost is coming to the Los Angeles economy when more than 1,800 community development professionals from around the country convene in the city for the NeighborWorks Training Institute (NTI) Feb. 23-27. The conference is hosted by NeighborWorks America, a national, congressionally chartered nonprofit that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities. more »

China, Canada, and Mexico were top countries of origin of international buyers

LOS ANGELES – February 18, 2015 – (RealEstateRama) — Despite a slowing in the California housing market and appreciation of the U.S. dollar in 2014, international home-buying activity continued its momentum, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2014 International Home Buyers Survey.” The survey showed that one of six (14 percent) participating REALTORS® closed a transaction with an international client, unchanged from the previous year. more »

SACRAMENTO, – February 13, 2015 – (RealEstateRama) — The California Housing Finance Agency commented today on a decision by Moody’s Investor Service to upgrade its rating on the agency’s Home Mortgage Revenue Bonds from Baa2 to A3.

Moody’s also affirmed its Aaa/VMIG 1 enhanced ratings on CalHFA’s Home Mortgage Revenue Bonds variable rate demand bonds and affirmed the A3 ratings on CalHFA’s issuer rating and the Housing Program Bonds. Moody’s revised its outlook on the issuer and Housing Program Bonds ratings to positive from stable. more »

Washington – February 13, 2015 – (RealEstateRama) — Senator Dianne Feinstein (D-Calif.) and Representative Doris Matsui (D-Calif.) today introduced the Fire-Damaged Home Rebuilding Act to ensure California homeowners who live in a flood plain could rebuild their homes in the event of a fire. more »

Nineteen regions see improvement, with Santa Barbara, Contra Costa, Napa, and Los Angeles counties leading the way

LOS ANGELES – February 13, 2015 – (RealEstateRama) — California housing affordability improved from third-quarter 2014 but dipped when compared to a year ago, as lower interest rates failed to offset higher home prices, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »


WASHINGTON, D.C. – February 10, 2015 – (RealEstateRama) — Sacramento: Assemblymember Susan Talamantes Eggman has introduced AB 244, legislation that would strengthen the California Homeowner Bill of Rights (HBOR) by clarifying that widowed homeowners and other heirs who have legal interest in a home after a loved one passes away enjoy the same legal protections afforded to homeowners. HBOR was passed in January 2013, and has been widely credited with evening the playing field between individual homeowners and their mortgage servicers. Similar laws have also been enacted in Minnesota and Nevada. more »

Bipartisan Legislation to name the Lompoc Post Office After Federal Correctional Officer Scott J. Williams

WASHINGTON, D.C. – December 9, 2014 – (RealEstateRama) –Rep. Lois Capps (CA-24) applauded the bipartisan, unanimous passage of her bill, H.R. 5562, which would designate the U.S. Post Office building at 801 W. Ocean Avenue in Lompoc as the Federal Correctional Officer Scott J. Williams Memorial Post Office Building. more »

Brown Directs Nation’s Fourth Largest Home Lender to Suspend Foreclosures Until It Proves It Is Complying with the Law

LOS ANGELES, CA – September 27, 2012 – (RealEstateRama) — Attorney General Edmund G. Brown Jr. today directed Ally Financial, Inc., formerly known as GMAC, to prove immediately that it is complying with state law or, if it cannot, to cease and desist from foreclosing on California homes. CommunityBank- home lender in California and ALLRMC.COM more »

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