Yearly Archives: 2008

LOS ANGELES, CA - December 29, 2008 - (RealEstateRama) — Home sales increased 83.2 percent in November in California compared with the same period a year ago, while the median price of an existing home fell 41.8 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)

SACRAMENTO, CA - December 24, 2008 - (RealEstateRama) — Single-family housing production in California in November was the lowest month on record, prompting the California Building Industry Association to urgently call on state and federal lawmakers to act immediately to stimulate the housing sector and the economy. Specifically, homebuilders are proposing a tax credit for new-home buyers, which has proven in the past to be an effective means of reviving depressed housing markets and reinvigorating job-generating home construction.

NORWALK, CA - December 23, 2008 - (RealEstateRama) — Following its carefully constructed three-year asset disposition plan, Kennedy Wilson Multifamily Management Group (KW Multifamily) has sold The Courtyards, a 153-unit apartment community at 12401 Studebaker Road in Norwalk, CA. KW Multifamily is a division of the Beverly Hills-based international real estate services and investment company Kennedy Wilson.

December 22, 2008 - (RealEstateRama) — The California Air Resources Board (CARB) approved a plan on December 11 to reduce the state's greenhouse gas emissions to 1990 levels by 2020. The climate change "scoping plan" is a central requirement of AB32, the Global Warming Solutions Act of 2006, which was signed into law in September of that year.

Long Beach, CA - December 19, 2008 - (RealEstateRama) — The Long Beach Department of Health and Human Services (Health Department) is recruiting volunteers to help conduct the City's fourth biannual homeless count, set for January 29, 2009.

CRAMENTO, CA - December 16, 2008 - (RealEstateRama) — The pace of home sales at California new-home communities was extraordinarily bad in October, primarily due to the global credit crisis, the California Building Industry Association reported today.

LOS ANGELES, CA - December 11, 2008 - (RealEstateRama) — Home sales increased 117.1 percent in October in California compared with the same period a year ago, while the median price of an existing home fell 39.9 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

Fairfield, CA - December 10, 2008 - (RealEstateRama) — Fairfield, California’s commercial leasing tivity remains steady with the recent announcements from several businesses that they are locating in the city because of its strategic location between San Francisco and Sacramento.

Washington, - December 08, 2008 - (RealEstateRama) — The National Association of Realtors® and the U.S. Conference of Mayors have named Irvine, Calif., an Ambassador City. The city was designated for its Public Officials 101 initiative, a homeownership education program for Orange County mayors, council members and city managers.

Continuing his leadership to collaborate with other states to minimize climate change impacts, Governor Arnold Schwarzenegger today will join with Wisconsin Governor Jim Doyle, Illinois Governor Rod Blagojevich and six governors from Brazil and Indonesia in signing a Memorandum of Understanding (MOU) to reduce forestry-related greenhouse gas emissions at the Governors' Global Climate Summit in Los Angeles, CA.

SACRAMENTO, CA - November 18, 2008 - (RealEstateRama) — Housing affordability continued to increase during the third quarter throughout most of the state as a result of sharp price reductions fueled by waves of foreclosures, yet California is still home to five of the 10 least affordable markets in the nation, the California Building Industry Association said today

Fairfield, CA - November 15, 2008 (RealEstateRama) - Fairfield, California’s downtown area is in a growth mode with the news that several restaurants are planning to open their doors for business.

SAN FRANCISCO, CA - November 13, 2008 - (RealEstateRama) — The California Public Utilities Commission (CPUC) today approved energy related low income program budgets totaling approximately $3.6 billion for 2009-11 for Pacific Gas and Electric Company, San Diego Gas and Electric Company, Southern California Edison, and Southern California Gas Company.

San Francisco, CA - November 12, 2008 - (RealEstateRama) — The iRISQ (pronounced \"EYE-risk\") rental information service gives landlords greater insight into rental applicant history by telling the stories that credit reports cannot using an innovative approach that is reliable, fair, objective, and affordable.

Long Beach, CA - November 11, 2008 - (RealEstateRama) — The City of Long Beach, through its nonprofit Long Beach Housing Development Company, is moving forward with plans to acquire the final property for the development of a new affordable housing development in the 1900 block of Long Beach Boulevard. This is immediately adjacent to the newly constructed Olive Villas mixed-income community, another affordable housing development created this past year by the City.

November 10, 2008 - (RealEstateRama) — Committed to keeping Californians in their homes and stabilizing the state's economy, Governor Arnold Schwarzenegger today announced an aggressive plan to bring down foreclosure rates by helping both borrowers and lenders modify existing home loans in ways that benefit both parties.

Washington, DC - November 03, 2008 - (RealEstateRama) — Congresswoman Maxine Waters (D-CA), Chairwoman of the Housing and Community Opportunity and a leading advocate for homeowners, today renewed her efforts to encourage loan modifications to prevent foreclosures.

Washington, DC - October 31, 2008 - (RealEstateRama) — U.S. Senator Dianne Feinstein (D-Calif.) today expressed strong support for efforts by Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair to prevent home foreclosures by expanding federal loan guarantees and expediting procedures for mortgage workout agreements.

San Francisco, CA - October 30, 2008 - (RealEstateRama) — U.S. Senator Barbara Boxer (D-CA), Chairman of the Senate Committee on Environment and Public Works, held a press conference today to call for major investments in America’s infrastructure to create jobs and restore the economy. Prepared text of her remarks follows.

October 30, 2008 - (RealEstateRama) — Governor Arnold Schwarzenegger today issued the following statement regarding the third quarter of 2008 mortgage servicer survey results. The latest data, released by the Department of Corporations who tracks and reports loan modification statistics, shows continued success for the Governor's Subprime Mortgage Agreement from November 2007 to the present time.