Marketing & Statistics

Marketing & Statistics

California housing market loses momentum in November as new loan disclosure rules delay closings,...

California existing home sales fell in November from both the previous month and year for the first time in nearly a year as low housing affordability extended into Southern California, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

California pending home sales bounce back in October

Pending home sales bounced back from the previous month at the statewide level in October, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Pending sales were also significantly higher on an annual basis, portending higher closed escrows in the next couple of months.

California home sales and price decrease in October as affordability crunch impacts housing market

Home sales exceeded the 400,000 level in October for the seventh consecutive month and posted higher on a year-to-year basis for the ninth straight month. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 403,510 units in October, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide.

C.A.R. releases its 2016 California Housing Market Forecast

California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast,” released today

California pending home sales temper in August but still record 10th straight annual increase

California pending home sales declined in August but remained strong, marking 10 straight months of year-over-year gains, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. In a separate report, California REALTORS® responding to C.A.R.’s August Market Pulse Survey saw a drop in sales with multiple offers compared with July, as market competition cooled down toward the end of the home-buying season.

California home sales cool in August as price gains temper, C.A.R. reports

Following a hotter than usual summer of homes sales, California’s housing market cooled in August, but still posted higher year over year for the seventh straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

California Assembly Passes Critical Climate Change Bill with Bipartisan Support

the California State Assembly took major steps forward in the fight for a cleaner, healthier future for all by passing Senate Bill 350. Senate President Pro Tempore Kevin de León’s SB 350 requires 50 percent of the state’s electricity to come from renewable sources and doubles energy efficiency in buildings, both by 2030.

Solar Industry Applauds Passage of SB 350

The Solar Energy Industries Association (SEIA) today praised the passage of California’s Senate Bill 350, the leadership of the bill’s sponsor and champion, Senate President pro Tem Kevin de Leòn, and Gov. Jerry Brown, who earlier this year set out the ambitious vision of meeting 50 percent of the state’s electricity needs with renewable energy. In addition to increasing energy efficiency in buildings, the bill increases the state’s Renewables Portfolio Standard (RPS) to 50 percent by 2030.

California pending home sales climb in July to post eight straight months of annual...

California pending home sales soared from the previous year in July, posting the strongest year-over-year increase in more than six years, CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. In a separate report, California REALTORS® responding to C.A.R.’s July Market Pulse Survey saw a reduction in floor calls, listing appointments, and open house traffic, compared with June.

C.A.R. finds disparity between home prices and what’s affordable

C.A.R. analysis finds significant disparity between home prices and what buyers can truly afford. Dearth of housing supply at affordable prices exacerbates housing affordability issue.

July home sales climb to highest level in nearly three years as prices remain...

LOS ANGELES - August 18, 2015 - (RealEstateRama) -- Sustained job and income growth gave home buyers the confidence in July to jump into the California housing market, pushing home sales to their highest level in nearly three years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Home sales have risen year over year for six straight months

Growth in spring home prices leads to sizable drop in California housing affordability, C.A.R....

Every region except Kings County posts lower affordability compared to previous quarter. Thirty percent of California households could afford to purchase the $485,100 median-priced home in the second quarter, down from 34 percent in first-quarter 2015 and unchanged from 30 percent in second quarter 2014

California pending home sales continue annual increase for seventh straight month

California pending home sales continued to gain steam in June, registering seven months of continued annual increases and the fifth consecutive month of double-digit increases, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

Public Urged To Avoid Large Algal Bloom in Pyramid Lake

California’s four-year drought has reduced the amount of water flowing through the State Water Project and into bodies of water along the project, including reservoirs and lakes frequented by the public. As a consequence, a large algal bloom has developed in Pyramid Lake, and the public is advised to avoid body contact with algal scum or visible blooms and take precautions during recreation at the lake.

May pending home sales and Market Pulse Survey

With the California housing market continuing its upward trend, pending home sales registered their sixth straight annual gain, with the last four months being in the double-digits, the CALIFORNIA ASSOCIATION OF REALTORS

California home sales soften in May but spring home-buying season continues momentum

California home sales softened in May, but the housing market momentum continued to be solid as the spring home-buying season marked higher year-over-year home sales and prices for the fourth straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

GOVERNOR BROWN ESTABLISHES MOST AMBITIOUS GREENHOUSE GAS REDUCTION TARGET IN NORTH AMERICA

Governor Edmund G. Brown Jr. today issued an executive order to establish a California greenhouse gas reduction target of 40 percent below 1990 levels by 2030 - the most aggressive benchmark enacted by any government in North America to reduce dangerous carbon emissions over the next decade and a half.

Chiang Announces Tax Credits to Construct More Than 1,800 New Affordable Housing Units

State Treasurer John Chiang today announced awarding tax credits and tax-exempt bonds to 16 affordable housing projects in 12 counties that will add approximately 1,815 rental units to the housing market. The affordable housing credits, valued at $319 million, provide a 4 percent tax incentive to potential investors who may help to finance the housing developments. The $295 million of tax-exempt bonds awarded will allow affordable housing construction to be financed at below market interest rates. In order to qualify for the credit and bonds, the housing development must remain affordable for a period of no less than 55 years

C.A.R. issues statement on findings of state housing report

The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) today issued the following statement on a report titled, “California’s High Housing Costs: Causes and Consequences,” released this week by California’s Legislative Analyst’s Office

California housing market bounces back in February after slow start to year

Slowing home price appreciation and improving inventory combined to boost California’s housing market in February as existing home sales and median home prices increased from both the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

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Royce Pushes for Better Flood Risk Mitigation and Transparency

U.S. Representative Ed Royce (R-Calif.) questioned expert witnesses about his proposal to help local communities mitigate flood risk and ways to increase transparency in flood insurance coverage for homeowners during a Housing and Insurance Subcommittee hearing entitled “Flood Insurance Reform: A Community Perspective."

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Northern California Real Estate Investor Sentenced for Rigging Bids at Public...

A Northern California real estate investor was sentenced yesterday for his role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced.