Press Releases
Landlord pays for failing to disclose lead-based paint at Sacramento rental properties Property owner facing penalties from U.S. EPA
October 8, 2008 Posted by California RealEstateRama
SAN FRANCISCO, CA - October 08, 2008 - (RealEstateRama) — The U.S. Environmental Protection Agency has fined a San Francisco-based property owner $25,410 for alleged violations of federal lead-based paint disclosure requirements at eight rental properties in Sacramento, California.
California New Home Market Close to the Bottom, CBIA Announces
October 7, 2008 Posted by California RealEstateRama
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.
Attorney General Brown Announces Landmark $8.68 Billion Settlement with Countrywide
October 6, 2008 Posted by California RealEstateRama
October 06, 2008 - (RealEstateRama) — Attorney General Edmund G. Brown Jr. today announced a landmark, multi-state settlement with Countrywide Home Loans, Countrywide Financial Corporation and Full Spectrum Lending that is expected to provide up to $8.68 billion of home loan and foreclosure relief nationally, including $3.5 billion to California borrowers.
California Again Sees Decrease in Housing Production in August, CBIA Announces
September 29, 2008 Posted by California RealEstateRama
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 Posted by California RealEstateRama
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
September 25, 2008 Posted by California RealEstateRama
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 Posted by California RealEstateRama
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
September 19, 2008 Posted by California RealEstateRama
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
September 16, 2008 Posted by California RealEstateRama
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
September 9, 2008 Posted by California RealEstateRama
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.