Archive for September, 2008

California Again Sees Decrease in Housing Production in August, CBIA Announces

CIRB Revises Forecast Downward to 70,000 Units
SACRAMENTO, CA - September 29, 2008 - (RealEstateRama) — California homebuilders continued to cut back on new-home production in August while trying to sell off existing inventory in a housing market that’s still adjusting, leading analysts to further reduce homebuilding projections, the California Building Industry Association reported today.

Gov. Schwarzenegger Continues Commitment to Expand Charter Schools in California

September 26, 2008 - (RealEstateRama) — Governor Arnold Schwarzenegger today announced he has signed SB 658 by Senator Gloria Romero (D-Los Angeles) and AB 2033 by Speaker Emeritus Fabian Núñez (D-Los Angeles), which will expand opportunities for charter schools to open in California.

CALIFORNIA ADOPTS GROUNDBREAKING LONG TERM ENERGY EFFICIENCY STRATEGIC PLAN AS ROADMAP TO ACHIEVE MAXIMUM SAVINGS

SAN FRANCISCO, CA - September 25, 2008 - (RealEstateRama) —The California Public Utilities Commission (CPUC) today adopted California’s first Long Term Energy Efficiency Strategic Plan, presenting a single roadmap to achieve maximum energy savings across all major groups and sectors in California.

Statement of U.S. Senator Barbara Boxer on Financial Rescue Plan

September 23, 2008 - (RealEstateRama) —  We all agree that the government needs to act swiftly to prevent this crisis from further escalating, but we also need to ensure that as we act, we do no repeat the mistakes of the past—lax oversight by federal agencies and commissions and a continued disdain by this Administration […]

C.A.R. 2008 Survey of California Home Buyers

Home price declines, low mortgage rates motivating home buyers, according to C.A.R.’s “2008 Survey of California Home Buyers”
Seventy-seven percent of first-time home buyers say lower home prices played critical role in decision to purchase a home

Senator Feinstein Seeks Major Grant Assistance for Stockton, Other California Communities Hit Hard by Foreclosure Crisis

Washington, DC - September 16, 2008 - (RealEstateRama) — U.S. Senator Dianne Feinstein (D-Calif.) is urging the U.S. Department of Housing and Urban Development to ensure that Stockton and other California cities and counties hit hard by foreclosures receive substantial financial assistance to combat blight.

Existing Home Sales Up 41.6 Percent In July, Says California Desert Association of REALTORS

PALM DESERT, CA - September 9, 2008 - (RealEstateRama) — Coachella Valley existing home sales jumped significantly in July with a 41.6 percent increase over July 2007 sales, although the median price dropped homes declined 36.7 percent over July 2007, the California Desert Association of REALTORS® reported today.

Pacific Gas and Electric Company Signs Contracts for 800 Megawatts of Solar Photovoltaic Power

CA, - September 2, 2008 - (RealEstateRama) — California’s Pacific Gas and Electric Company (PG&E) has signed contracts for two of the most ambitious solar photovoltaic projects in the world: a 550-megawatt (MW) “solar farm” and a 250-MW “solar ranch,” both of which will be located in San Luis Obispo County.

C.A.R. July 2008 Sales and Price Report

C.A.R. reports sales increased 43.4 percent; median home price fell 40.3 percent in July
LOS ANGELES, CA - September 1, 2008 - (RealEstateRama) —Home sales increased 43.4 percent in July in California compared with the same period a year ago, while the median price of an existing home fell 40.3 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.