Yearly Archives: 2015

International home-buying activity remains strong in California, C.A.R. survey finds

Despite a slowing in the California housing market and appreciation of the U.S. dollar in 2014, international home-buying activity continued its momentum, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2014 International Home Buyers Survey.” The survey showed that one of six (14 percent) participating REALTORS® closed a transaction with an international client, unchanged from the previous year.

California Housing Finance Agency Comments on Moody’s Upgrade

The California Housing Finance Agency commented today on a decision by Moody's Investor Service to upgrade its rating on the agency's Home Mortgage Revenue Bonds from Baa2 to A3.

Feinstein, Matsui Introduce Bill to Protect Homeowners After Fire

Senator Dianne Feinstein (D-Calif.) and Representative Doris Matsui (D-Calif.) today introduced the Fire-Damaged Home Rebuilding Act to ensure California homeowners who live in a flood plain could rebuild their homes in the event of a fire

California housing affordability inches up from third quarter, slips from year ago

LOS ANGELES - February 13, 2015 - (RealEstateRama) -- California housing affordability improved from third-quarter 2014 but dipped when compared to a year ago, as lower interest rates failed to offset higher home prices, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

New California Bill Clarifies that Widows are also Protected by California Homeowner Bill of...

WASHINGTON, D.C. - February 10, 2015 - (RealEstateRama) -- Sacramento: Assemblymember Susan Talamantes Eggman has introduced AB 244, legislation that would strengthen the California Homeowner Bill of Rights (HBOR) by clarifying that widowed homeowners and other heirs who have legal interest in a home after a loved one passes away enjoy the same legal protections afforded to homeowners. HBOR was passed in January 2013, and has been widely credited with evening the playing field between individual homeowners and their mortgage servicers. Similar laws have also been enacted in Minnesota and Nevada.

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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