California State Government and Public Real Estate News

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 »


LOS ANGELES, Calif. – July 2, 2014 – (RealEstateRama) — Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $2 million sale of a fully occupied eight-unit multifamily property located near Michigan Avenue at 1811 19th Street in Santa Monica, Calif. more »

LOS ANGELES – June 30, 2014 – (RealEstateRama) — Reflecting the proliferating use of social media in today’s society, more home buyers are turning to social media in the home-buying process than ever, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2014 Survey of California Home Buyers.” more »

LOS ANGELES – June 24, 2014 – (RealEstateRama) — Higher home values continued to fuel more equity home sales, which have made up more than 80 percent of all home sales for the past 11 consecutive months.  Meanwhile, pending home sales fell in May as investors pulled out of the market due to higher home prices, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

Agency Marks National Homeownership Month

SACRAMENTO, CA – June 17, 2014 – (RealEstateRama) — The California Housing Finance Agency announced today a major program expansion to help more low to moderate income California families purchase homes.

CalHFA will remove the first-time homebuyer requirement on its first mortgage programs to allow more California homebuyers to take advantage of the benefits of CalHFA’s affordable financing. more »

LOS ANGELES – June 17, 2014 – (RealEstateRama) — California home sales eased slightly in May as a shortage of homes and housing affordability concerns held back would-be home buyers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.  Meanwhile, the median home price posted higher from both the previous month and year for the third consecutive month and remained at its highest level since December 2007. more »

SAN BERNARDINO COUNTY, CA – June 17, 2014 – (RealEstateRama) — The County of San Bernardino Economic Development Agency was awarded the 2014 Achievement Award in the category of Community/Economic Development by the National Association of Counties (NACo) for its State of the County Event. All told, the County of San Bernardino received 31 Achievement Awards from NACo this year for its innovative programs and services, including top honors for the Countywide Vision as well as the State of the County event, which promotes the Vision. more »

LOS ANGELES, Calif. – June 17, 2014 – (RealEstateRama) — Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed two multifamily property sales totaling $4.7 million in West Hollywood. The sales include; a 10-unit property that sold for $3.3 million and is located near Fountain Ave. and W. La Brea Blvd. at 1220 N. Formosa Ave; and a five-unit property that sold for $1.4 million and is located just north of Santa Monica Blvd. at 1231-1235 N. Vista St. more »


WASHINGTON, D.C. – June 16, 2014 – (RealEstateRama) — Joining thousands of Californians eager to fulfill our nation’s promise to returning Veterans, Mercy Housing California, a leading non-profit housing development corporation, will publicly announce their endorsement of California’s Proposition 41 at their newly built El Monte Veterans Village on Monday, June 2 at 1 p.m. more »

WASHINGTON, D.C. – June 12, 2014 – (RealEstateRama) — Statistics for April 2014 have exceeded total housing units from the previous month by 36%. Single-family units produced a 5% increase in month-over-month activity, while increasing annually by 2% from April of 2013. Statewide multi-family housing units increased by 58% since March 2014 and by 43% since last April. more »

Report includes plans for the future, including efforts to address homelessness

SAN DIEGO, CA – May 29, 2014 – (RealEstateRama) –The San Diego Housing Commission (SDHC) highlights its activities and its plans for the future in its 2013 Annual Report & Portfolio, released today on the SDHC website, more »

WASHINGTON, D.C. – May 26, 2014 – (RealEstateRama) — Mayor Edwin M. Lee today issued the following statement regarding President Barack Obama’s nomination of Mayor Julián Castro of San Antonio, Texas as the next Secretary of Housing and Urban Development (HUD): more »

LOS ANGELES – May 23, 2014 – (RealEstateRama) — Recent home price gains have lifted more underwater homes into positive territory, pushing the share of equity home sales to their highest level since late 2007.  At the same time, pending home sales were essentially unchanged in April, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

LOS ANGELES – May 23, 2014 – (RealEstateRama) — Showing true signs of improvement, California’s housing market continued to perform better than expected in April with both the median home price and home sales increasing month to month, the CALIFORNIA ASSOCIATION OF REALTORS®  (C.A.R.) said today. However, decreased home affordability remains a challenge for buyers in many areas of the state. more »

WASHINGTON, D.C. – May 22, 2014 – (RealEstateRama) — Following the House Appropriations Committee’s approval of a measure to fund the nation’s housing programs, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, blasted Republicans for undercutting important housing programs that protect our most vulnerable populations. more »

Problems include servicing transfers, Single Points of Contact not working, and widows facing red-tape.

San Francisco, CA: – May 20, 2014 – (RealEstateRama) — A new survey of housing counselors and attorneys finds homeowners are facing unreasonable delays, numerous obstacles, and servicer run-arounds in seeking help from their mortgage servicers, despite new laws, programs, and settlements intended to protect homeowners. Housing counselors report that loan servicing transfers, Single Points of Contact not being available, and a lack of accountability prevent homeowners from accessing much-needed relief to avoid foreclosure. In conjunction with the survey (completed by 60+ counselors), eleven homeowners shared declarations that outline the many problems they and their nonprofit attorneys encountered in trying to obtain relief. more »

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