Yearly Archives: 2014

Capps Bill to Honor Federal Corrections Officer Killed on Duty Passes House

WASHINGTON, D.C. - December 9, 2014 - (RealEstateRama) --Rep. Lois Capps (CA-24) applauded the bipartisan, unanimous passage of her bill, H.R. 5562, which would designate the U.S. Post Office building at 801 W. Ocean Avenue in Lompoc as the Federal Correctional Officer Scott J. Williams Memorial Post Office Building

HUD Secretary Julián Castro stresses need for expanding credit and reforming housing finance system...

LOS ANGELES - November 25, 2014 - (RealEstateRama) -- An audience of nearly 300 real estate executives and practitioners, industry stakeholders, economists, and policymakers gathered this month in Los Angeles for the inaugural Real Estate Summit: Partnering for Change in California, which featured a keynote speech from U.S. Secretary of Housing and Urban Development Julián Castro. Convened by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), Secretary Castro, along with other industry thought leaders, exchanged ideas and solutions about housing affordability, California’s infrastructure, consumer trends, and foreign investment challenges

C.A.R. applauds FHFA for keeping Fannie Mae and Freddie Mac conforming loan limits unchanged

LOS ANGELES - November 25, 2014 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the Federal Housing Finance Agency’s (FHFA) announcement to keep the 2015 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000 on one-unit properties in most areas and a cap of $625,500 in high-cost areas. Loan limits were increased in Monterey, Napa, San Diego, and Ventura counties:

Two Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging and...

WASHINGTON, D.C. - November 24, 2014 - (RealEstateRama) -- Two Northern California real estate investors have agreed to plead guilty for their role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced

Low mortgage rates fail to perk California home sales in October

LOS ANGELES - November 19, 2014 - (RealEstateRama) -- The lowest mortgage rates in 18 months failed to spark the California housing market in October as sales stayed flat and home prices increased at the slowest pace since early 2012, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

HUD Secretary Julian Castro to keynote C.A.R. Summit

LOS ANGELES - November 6, 2014 - (RealEstateRama) -- U.S. Department of Housing and Urban Development Secretary Julián Castro will be the keynote speaker for “The Real Estate Summit: Partnering for Change in California,” a day-long conference hosted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and its partners from California’s top university-based real estate research centers. Held, Friday, Nov. 14, in Los Angeles, the invitation-only summit will examine the state’s biggest economic and real estate challenges, including infrastructure, foreign investment, consumer trends, housing finance, affordability, and the business environment.

Pending home sales reverse five-month decline to tick higher in September

LOS ANGELES - October 30, 2014 - (RealEstateRama) -- California pending home sales rose higher in September to post the first increase in six months, reversing the sales drop usually observed between August and September. Meanwhile, equity home sales made up nine in 10 home sales for the fourth straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

41 California Organizations Urge CFPB To Increase HMDA Transparency

San Francisco CA - October 28, 2014 - (RealEstateRama) -- Today, 41 California organizations join with the California Reinvestment Coalition (CRC) in calling on the Consumer Financial Protection Bureau (CFPB) to strengthen the Home Mortgage Disclosure Act (HMDA) through greater transparency.

California home sales maintain pace in September as price gains temper and market balances

LOS ANGELES - October 23, 2014 - (RealEstateRama) -- California home sales remained steady in September, as home price gains eased back from an unusually high increase in August, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Community Groups Question OneWest’s Foreclosure Record As Part of Too Big To Fail Bank...

San Francisco - October 17, 2014 - (RealEstateRama) -- As part of a five-day awareness campaign about the potential impacts of a new, Too Big To Fail bank merger, a nonprofit bank advocacy coalition raised questions today about OneWest’s track record of helping (or not helping) distressed homeowners.

Community Advocates Ask: How Much Welfare Can One Bank Receive?

San Francisco - October 17, 2014 - (RealEstateRama) -- As part of a five-day public awareness campaign, activists in California are asking bank regulators questions about possible impacts of a Too Big To Fail Bank merger that would combine CIT Group and OneWest Bank.

CalHFA Introduces Additional Down Payment Assistance for First-Time Homebuyers Agency Makes Home Buying Process...

SACRAMENTO, - October 15, 2014 - (RealEstateRama) -- The California Housing Finance Agency announced today that it will begin providing an additional $6,500 in down payment assistance through its CalPLUS Conventional program. The change is part of the Agency’s ongoing efforts to make home purchasing more accessible for first-time homebuyers

Rep. McNerney Writes Bipartisan Bill to Aid Homeowners Facing Foreclosure

WASHINGTON, D.C. - September 18, 2014 - (RealEstateRama) -- Today, Congressman Jerry McNerney (CA-09) introduced the Fast Help For Homeowners Act, to help speed up the short sale process and aid homeowners who may otherwise be facing foreclosure

Low interest rates fail to spark August home sales; home prices continue to increase...

LOS ANGELES - September 18, 2014 - (RealEstateRama) -- California home sales pulled back in August, reversing two months of increases, as the median home price rose from the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Rep. Peters Challenges ‘Early Dismissal’; Demands Vote to Protect Pregnant Workers

WASHINGTON, D.C. - September 17, 2014 - (RealEstateRama) -- Congressman Scott Peters (CA-52) continued his effort to convince Speaker John Boehner that the House of Representatives should not adjourn at the end of this week, as has been widely reported. Today, Rep. Peters called for the passage of H.R. 1975, the “Pregnant Workers Fairness Act,” which ensures that pregnant women are not forced out of their jobs or denied reasonable accommodations that would allow them to keep working and supporting their families

LA County Helps Flood-Prone Homeowners Prepare for Storm Season

WASHINGTON, D.C. - September 17, 2014 - (RealEstateRama) --More than $2.3 million in flood damage can be attributed to about 50 homes within Los Angeles County unincorporated areas, according to recent findings by LA County Public Works engineers

CHF|CIRB Releases July 2014 Housing Statistics

WASHINGTON, D.C. - September 5, 2014 - (RealEstateRama) -- California’s private building activity is measured by building permits issued and building permit valuation totals

July pending home sales lose steam; share of equity sales expands further

LOS ANGELES - August 29, 2014 - (RealEstateRama) -- Despite ultra-low interest rates, California’s real estate market continued to underperform in July, with pending home sales posting lower for the fourth straight month.  At the same time, equity home sales improved further, as both short sales and REO sales continued to decline, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

California Investment Firm Takes Chandler Iridium Facility for $12.7M

CHANDLER, AZ - August 28, 2014 - (RealEstateRama) -- A 69,429 SF fl ex manufacturing facility and an adjacent 2.97 AC parcel at 1800 S. Price Rd. in Chandler has been sold for $12,650,000. The building is fully-leased to Iridium Communications with an estimated 10 years remaining on their lease

Rep. Peters’ Statement on President’s Further Actions to Reform VA, Improve Economic Opportunities for...

SAN DIEGO, CA - August 27, 2014 - (RealEstateRama) -- Today, Congressman Scott Peters (CA-52) released the following statement regarding the Administration’s new actions for servicemembers, veterans, and their families:

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Napolitano’s Statement on Trump Administration’s Attack on Clean Water

Rep. Grace F. Napolitano (D-El Monte), issued the following statement after the Trump administration announced a new proposal—claiming it to be pro-industry—which would weaken federal clean water rules, putting at risk the health and safety of millions of Americans