Press Releases
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.
Pacific Gas and Electric Company Signs Contracts for 800 Megawatts of Solar Photovoltaic Power
September 2, 2008 Posted by California RealEstateRama
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
September 1, 2008 Posted by California RealEstateRama
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.
Tucson Association of REALTORS MLS Provides Access to Clarus MarketMetrics
August 29, 2008 Posted by California RealEstateRama
LOS ANGELES, CA - August 29, 2008 - (RealEstateRama) — Real Estate Business Services Inc. (REBS) and the Tucson Association of REALTORS® MLS (TAR MLS) today announced that TAR MLS has signed an agreement to provide its members access to Clarus™ MarketMetrics.
California Housing Production Continues Decline in July, CBIA Announces
August 26, 2008 Posted by California RealEstateRama
SACRAMENTO, CA - August 26, 2008 - (RealEstateRama) — – Total new home production in California continued to decline across the board in July as declines were recorded for both single-family and multi-family new home production from month-to-month as well as year over year, further supporting the notion that California will produce the lowest number of […]
Secretary Preston and Governor Schwarzenegger announce $105 million for affordable housing and community development in California
August 19, 2008 Posted by California RealEstateRama
WASHINGTON - August 19, 2008 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Steve Preston and California Governor Arnold Schwarzenegger today announced that the California State Program will receive more than $105 million to support community development and produce more affordable housing in the GoldenState.
California New Home Market Stays Cold in Summer Heat, CBIA Announces
August 18, 2008 Posted by California RealEstateRama
SACRAMENTO - August 18, 2008 - (RealEstateRama) — The pace of sales at California new-home communities remained sluggish in June, following a resumed trend of deterioration in year-over-year sales declines that began in May, the California Building Industry Association reported today.
Kennedy Wilson Multifamily Returns to its Southern California Roots in Joint Venture with PCCP, LLC
August 15, 2008 Posted by California RealEstateRama
Partnership Acquires Townhome Rental Community in Montclair
MONTCLAIR, CA - August 15, 2008 - (RealEstateRama) — Seeing opportunity where others in the real estate industry only see challenges, Kennedy Wilson Multifamily Management Group (KW Multifamily), a Beverly Hills, CA-based apartment investor, and its partner PCCP, LLC (PCCP), an integrated real estate finance and investment management firm, have acquired […]