Laws & Taxes

Laws & Taxes

Homebuilders Hail Passage of Homebuyer Tax Credit

SACRAMENTO, CA - February 23, 2009 - (RealEstateRama) — California homebuilders said the $10,000 tax credit for purchasers of new homes included in the new state budget will help jump-start the depressed industry, creating jobs and much-needed tax revenue for state and local governments.

Attorney General Brown: Homeowners Should be on High Alert for Property Tax Scams

February 12, 2009 - (RealEstateRama) — Sacramento—Attorney General Edmund G. Brown Jr. today issued a Consumer Alert to California homeowners about a “blatant and costly scam” targeting homeowners with declining property values.

California Homebuilding Depression Expected to Deepen in 2009, CBIA Announces

Forecast Calls for Record-Low 63,400 Housing Starts; Association Urges Lawmakers to Take Quick Action on Stimulus Measures

Snowe, Feinstein Tax Credit to Improve Energy Efficiency, Save Money and Reduce Pollution

WASHINGTON D.C. - October 20, 2008 - (RealEstateRama) — The Natural Resources Defense Council released a report last week applauding the Congressional passage of significant tax credit provisions introduced by U.S. Senators Olympia J. Snowe (R-Maine) and Dianne Feinstein (D-Calif.) within the Emergency Economic Stabilization Act of 2008 that will encourage energy efficient technology and construction.

CBIA Sharply Reduces 2008 Housing Forecast

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

California MLS holds first board meeting, appoints board chairman

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.

Landlords, tenants take sides on rent control for mobile home parks

A statewide proposition on the June ballot could hurt an estimated 120,000 Riverside and San Bernardino county residents living in mobile home parks, opponents of the measure say.

First American Natural Hazard Disclosures Now Offers Proprietary Tax Disclosure Reports

January 28, 2008, SANTA ANA, Calif. First American Natural Hazard Disclosures (FANHD), a member of The First American Corporation (NYSE:FAF) family of companies and a leader in the real estate disclosure report industry, announced today that it has launched the FANHD California Property Tax Disclosure Report, creating a cost-effective choice for real estate professionals and their clients.

Justice Department Settles Housing Discrimination Case with Orange County, California, Landlords

WASHINGTON, January 4, 2008 - The Justice Department today announced that it has reached an agreement resolving a housing discrimination lawsuit against Gary Luke, Mary Ngo and Hoa Ngo concerning alleged discrimination on the basis of national origin. Under the consent decree filed today in federal court in Santa Ana, Calif., the defendants will pay $270,844 in monetary relief to the complainants and the United States.

Redfin Surpasses $10 Million in Commission Refunds

Online real estate broker Redfin today announced that by the end of last year the company had refunded more than $10 million in commissions to home buyers. Since the launch of the home-buying service in February 2006, Redfin has helped more than 1,000 people buy a home, with an average refund of $10,106.

Verdict One Releases Directory of Board Certified Attorneys for Consumers

TARPON SPRINGS, Fla., Sept. 13 /PRNewswire/ -- Verdict One, developer of the first directory of board certified lawyers of all specialties, announced today the opening of its website to consumers as well as attorneys.

More homeowners to receive tax breaks because of falling house values

As the residential real estate market cooled and the commercial sector heated up, the total assessed value of property in Santa Clara County grew 8.25 percent last year, to a record $283.51 billion, county assessor Larry Stone said today.

Popular Government & Nonprofit Press Releases

CAR

C.A.R. Business Products Offers RentSpree to Streamline Tenant Screening and Rental...

Real Estate Business Services® Inc. (REBS®), a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and RentSpree have partnered to offer all California REALTORS® 24/7 access to RentSpree’s online rental application and tenant verification services. RentSpree will be offered through the C.A.R. Business Products division, and will help REALTORS® reduce liability while working efficiently with lease/rental transactions.

Recent Government & Nonprofit Press Releases

Rep. Valadao Announces $29 Million for CA-21

U.S. Congressman David G. Valadao (CA-21) announced California’s Twenty First Congressional District has received nearly $29 million in funding from the U.S. Department of Housing and Urban Development (HUD) to increase the supply of affordable housing, reduce homelessness, and expand economic opportunity for families throughout California’s Central Valley.