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 »

Sothebys

THOUSANDS OF FORECLOSURES HAVE DESTABALIZED CALIFORNIA COMMUNITIES

San Francisco – October 17, 2014 – (RealEstateRama) — As part of a five-day awareness campaign about the potential impacts of a new, Too Big To Fail bank merger, a nonprofit bank advocacy coalition raised questions today about OneWest’s track record of helping (or not helping) distressed homeowners. more »

BANK MERGER BREAKS NEW GROUND IN CORPORATE WELFARE

San Francisco – October 17, 2014 – (RealEstateRama) — As part of a five-day public awareness campaign, activists in California are asking bank regulators questions about possible impacts of a Too Big To Fail Bank merger that would combine CIT Group and OneWest Bank. more »

SACRAMENTO, – October 15, 2014 – (RealEstateRama) — The California Housing Finance Agency announced today that it will begin providing an additional $6,500 in down payment assistance through its CalPLUS Conventional program. The change is part of the Agency’s ongoing efforts to make home purchasing more accessible for first-time homebuyers. more »

WASHINGTON, D.C. – September 18, 2014 – (RealEstateRama) — Today, Congressman Jerry McNerney (CA-09) introduced the Fast Help For Homeowners Act, to help speed up the short sale process and aid homeowners who may otherwise be facing foreclosure. more »

LOS ANGELES – September 18, 2014 – (RealEstateRama) — California home sales pulled back in August, reversing two months of increases, as the median home price rose from the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

WASHINGTON, D.C. – September 17, 2014 – (RealEstateRama) — Congressman Scott Peters (CA-52) continued his effort to convince Speaker John Boehner that the House of Representatives should not adjourn at the end of this week, as has been widely reported. Today, Rep. Peters called for the passage of H.R. 1975, the “Pregnant Workers Fairness Act,” which ensures that pregnant women are not forced out of their jobs or denied reasonable accommodations that would allow them to keep working and supporting their families. more »

WASHINGTON, D.C. – September 17, 2014 – (RealEstateRama) –More than $2.3 million in flood damage can be attributed to about 50 homes within Los Angeles County unincorporated areas, according to recent findings by LA County Public Works engineers. more »

WASHINGTON, D.C. – September 5, 2014 – (RealEstateRama) — California’s private building activity is measured by building permits issued and building permit valuation totals.

 

July 2014

June 2014

July 2013

% Change From

June

2014

July

2013

Housing Permits

    Single-Family Units

3,366

4,511

3,159

-25%

6%

    Multi-Family Units

3,585

3,308

3,688

8%

-3%

Total Units

6,951

7,819

6,487

-11%

2%

Dollar Volume

    Residential

    (New + Alterations)

$ 2,166,134,110

$ 2,306,813,449

$ 1,850,886,526

-6%

17%

    Nonresidential

    (New + Alterations)

$ 2,221,867,742

$ 1,846,159,110

$ 1,609,965,659

20%

38%

To order the full California Construction Review report or for information on other CHF|CIRB products and services, please contact CHF|CIRB at (916) 340-3309. Visit the CHF|CIRB website http://www.mychf.org/go/cirb/.

Data requests may be emailed to CHF-CIRB (at) mychf (dot) org. For information on all CHF|CIRB products and services, or for placing an order, please refer to our website at http://www.mychf.org/go/cirb/ or call us at (916) 340-3340.

 

About the California Homebuilding Foundation
Founded in 1978, the California Homebuilding Foundation (CHF) invests in the future of the homebuilding industry through endowments that provide college and graduate school scholarships and fund research on key public policy issues; compiles and publishes timely construction and new home statistics; provides training seminars; and supports high school courses to encourage young people to choose careers in the industry. The Foundation is the presenter of California’s top industry award, the Hall of Fame, which recognizes industry leaders and offers their career examples as an inspiration to others.

CHF|CIRB Report is funded in-part through grants provided by: The Davidson Family Foundation, Steve and Lynne Doyle Family Foundation, The Harry C. & Deborah L. Elliott Family Foundation, Dennis and Gloria O’Brien Foundation, North State Building Industry Foundation.

Media Contact:
Megan MacNee

(916) 340-3352
mmacnee (at) cbia (dot) org

If Megan cannot be reached contact
Frank de Lima at
(916) 340-3338.

LOS ANGELES – August 29, 2014 – (RealEstateRama) — Despite ultra-low interest rates, California’s real estate market continued to underperform in July, with pending home sales posting lower for the fourth straight month.  At the same time, equity home sales improved further, as both short sales and REO sales continued to decline, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

CHANDLER, AZ – August 28, 2014 – (RealEstateRama) — A 69,429 SF fl ex manufacturing facility and an adjacent 2.97 AC parcel at 1800 S. Price Rd. in Chandler has been sold for $12,650,000. The building is fully-leased to Iridium Communications with an estimated 10 years remaining on their lease. more »

Rep. Peters’ Statement on President’s Further Actions to Reform VA, Improve Economic Opportunities for Servicemembers

SAN DIEGO, CA – August 27, 2014 – (RealEstateRama) — Today, Congressman Scott Peters (CA-52) released the following statement regarding the Administration’s new actions for servicemembers, veterans, and their families:

“Today’s actions will continue the process of reforming the broken VA system, and improve the quality of life for our servicemembers, veterans, and military families who have been asked to sacrifice so much,” Rep. Peters said. “This, along with recent VA reforms passed in Congress, will help engage communities in the effort to end tragic veteran suicides through improved access to, and quality of, mental health services. Keeping our promises to those current serving our country, and to the millions of veterans across the country, must continue to be a top priority for Congress.” more »

Statewide Campaign Launched to Raise Awareness of California-Certified Community Managers Invites Homeowners to “Tell Us About Your Champion” For A Chance to Win $500!

LAGUNA HILLS, CALIF. – August 19, 2014 – (RealEstateRama) — California Association of Community Managers (CACM), the state’s leading community association management education organization, today launched the second phase of its Community Champions awareness campaign. more »

WASHINGTON, D.C. – August 19, 2014 – (RealEstateRama) — As part of $300 million in grants from the Department of Veterans Affairs (VA), Congresswoman Susan Davis (D-San Diego) announced that $1.02 million would go to fight homelessness among veterans in San Diego. Vietnam Veterans of San Diego will be the recipient of the VA grant. more »

LOS ANGELES – August 19, 2014 – (RealEstateRama) — Lower interest rates in the second quarter of 2014 failed to offset continued home price increases, lowering housing affordability statewide and in 19 of 26 counties in California, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

WASHINGTON, D.C. – August 18, 2014 – (RealEstateRama) — In his Fiscal Year 2015 Budget Request, President Barack Obama proposes limiting the capital gains from the exchange of real estate that can be deferred under Section 1031 to $1 million per taxpayer per year. This provision would apply to like-kind exchanges completed after December 31, 2014. Under this proposal, the Treasury Department would be granted the regulatory authority necessary to implement the provision. The proposal would need to be included in legislation passed by Congress in order to be implemented. more »

 
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