Production Likely to Be Lowest on Record; Homebuilders Call on Lawmakers to Take Quick Action
SAN FRANCISCO – California homebuilders are expected to begin construction on just 72,000 homes, condominiums and apartments this year, significantly lower than earlier forecasts. If that level is correct it will be the lowest production in the Golden State since at least the early 1950s, according to the annual midyear housing forecast released today by the California Building Industry Association. Continue Reading »
Posted in Insurance, Development, Press Releases, Laws | No Comments »
LOS ANGELES – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and Costello & Sons Insurance (CSI) today announced the creation of Real Estate Risk Services LLC (RERS), a subsidiary of Real Estate Business Services Inc. (REBS). Continue Reading »
Posted in Insurance, Press Releases | No Comments »
BEVERLY HILLS, Calif. – Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted two auctions of 41 luxury model homes on May 31st, and June 1st, 2008. Continue Reading »
Posted in Home Auctions, Property, News | No Comments »
Irvine, CA., – According to recent figures released by Hanley Wood Market Research, new home sales in Orange County spiked roughly 20 percent in March compared to February sales. A total of 206 new home sales were reported for March as compared with a total of 173 new home sales for February. Continue Reading »
Posted in Marketing, Press Releases, Investing | No Comments »
Projected new-home starts for 2008 would be lowest yearly total on record
SACRAMENTO — California new-home production in April continued to lag behind last year’s production levels, increasing chances that new-home production would fall to the lowest level in recorded history, the California Building Industry Association reported today. Continue Reading »
Posted in Development, Press Releases | No Comments »
SACRAMENTO ― Insurance Commissioner Steve Poizner reminded residents and businesses who have been evacuated from the Summit Fire in Santa Cruz that residents may be eligible for reimbursement for additional living expenses due to a mandatory evacuation and businesses may be eligible for reimbursement due to lost business. Continue Reading »
Posted in Insurance, Press Releases | No Comments »
As pace of decline slows, CBIA calls for more stimulus legislation to facilitate quick and seamless recovery
May 15, 2008. SACRAMENTO – While the pace of sales at California new-home communities continued to remain slow in March, year-over-year sales declines are steadily shrinking, adding to mounting evidence that the bottom of the current housing cycle is near, the California Building Industry Association reported today. Continue Reading »
Posted in Statistics, Development, Press Releases | No Comments »
The statewide MLS approved by C.A.R. has been formed and held its first board meeting May 1. Called the California MLS (CALMLS), the entity adopted bylaws and MLS Rules, and approved a Request for Proposal from the MLS vendors for the computer system operating the statewide service. Continue Reading »
Posted in MLS, Press Releases | No Comments »
San Francisco Office To Focus on Infill, Multi-Family Development Issues
San Francisco, CA – May 1, 2008 – The Home Builders Association of Northern the Bay Area ’s largest association of home builders and a noted source of public information on home buying issues that affect the public, has opened an urban division at 660 Mission Street in San Francisco. Continue Reading »
Posted in Property, Green Houses, Development, Press Releases | No Comments »
LOS ANGELES (April 25) – Home sales decreased 24.5 percent in March in California compared with the same period a year ago, while the median price of an existing home fell 29 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. Continue Reading »
Posted in Marketing, Statistics, Press Releases, Investing | No Comments »
Mortgage counseling agencies will receive $5 million to hire more counselors over the next two years, and help the half a million California homeowners facing interest rate resets and the threat of foreclosure. Continue Reading »
Posted in Grants, Mortgage, Foreclosures, Press Releases | No Comments »
Pace of decline slows, leading to glimmer of hope that bottom of market is near
SACRAMENTO – The pace of home sales at California new-home communities continued to remain sluggish in February, the California Building Industry Association reported today. Continue Reading »
Posted in Marketing, Development, Press Releases | No Comments »
SACRAMENTO ― Today Insurance Commissioner Steve Poizner issued the following statement regarding yesterday’s announcement by the Bush administration to overhaul the nation’s regulatory policies for commercial and investment banks and the financial market. Continue Reading »
Posted in Press Releases, Investing | No Comments »
Multifamily starts increase, resale market shows signs of revitalization signaling that the bottom could be near
March 26, 2008, SACRAMENTO — New-home starts in California continued to decline in February as homebuilders continued to grapple with problems in the housing and credit markets, the California Building Industry Association reported today. Continue Reading »
Posted in Statistics, Development, Press Releases | No Comments »
Los Angeles – U.S. Senator Dianne Feinstein (D-Calif.) and Los Angeles Mayor Antonio Villaraigosa today called for Congress to pass legislation to create national licensing and oversight standards for mortgage brokers and lenders. Mayor Villaraigosa also announced his endorsement of the legislation – the SAFE Mortgage Licensing Act — introduced by Senators Feinstein and Mel Martinez (R-Fla.) in February. Continue Reading »
Posted in Mortgage, Press Releases | No Comments »
