Yearly Archives: 2008
Foreclosure Activity Decreases 12 Percent in September According to RealtyTrac(R) U.S. Foreclosure Market Report
Third Quarter Activity Up 3 Percent From Q2 2008, Up 71 Percent From Q3 2007 New State Laws In California, Other States Impact Numbers
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.
Landlord pays for failing to disclose lead-based paint at Sacramento rental properties Property owner...
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
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 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
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
"Funding and having access to affordable and adequate school facilities are some of the greatest challenges facing charter schools and their operators," said Governor Schwarzenegger. "The measures I signed today will help reduce these burdens and expand opportunities for charter schools to open in California."
CALIFORNIA ADOPTS GROUNDBREAKING LONG TERM ENERGY EFFICIENCY STRATEGIC PLAN AS ROADMAP TO ACHIEVE MAXIMUM...
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 - (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 for congressional oversight.
C.A.R. 2008 Survey of California Home Buyers
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...
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
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
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
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
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
Legislature passes mortgage reform bill
Oakland, CA - August 28, 2008 - (RealEstateRama) — AB 1830, the California legislature's strongest piece of legislation designed to rein in the abuses in the mortgage market, passed the Senate today with a 21-16 vote. It must go back to the Assembly for concurrence before being sent to the governor.
California Housing Production Continues Decline in July, CBIA Announces
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 new homes in recorded history, the California Building Industry Association reported today.
Secretary Preston and Governor Schwarzenegger announce $105 million for affordable housing and community development...
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
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,...
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 a major multifamily asset on the western perimeter of the Inland Empire.
