San Diego Supporters Urge California Lawmakers to Pass SB 100 for 100 Percent Clean...
San Diego supporters representing the faith, environmental, clean tech, business and labor communities gathered today to urge passage of Senate Bill 100 (SB 100), which will ensure that California generates 100 percent of its electricity from clean energy sources by 2045. The statewide bill, introduced by California Senate President Pro Tempore Kevin De León, comes two years after San Diego made a legally-binding commitment to achieve 100 percent clean energy by 2035.
Hanley Investment Group Arranges Sale of 156,000 SF Mixed-Use Retail Center for $62 Million...
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in investment property sales, announced today that the firm arranged the sale of Arcadia Gateway Center, a 156,046-square-foot, mixed-use commercial center comprised of retail, medical and office building
Hanley Investment Group Completes Sale of Grocery-Anchored Shopping Center in Upland, Calif. for $17.2...
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of Upland Village, a 60,857-square-foot grocery-anchored shopping center in Upland, Calif. The sale price of $17.2 million represented a cap rate of 5.83 percent, a record low cap rate for a stabilized grocery-anchored shopping center in the Inland Empire.
Led by Southern California, state’s pending home sales trend higher in December
Led by the Southern California region, California pending home sales registered gains on a month-to-month and year-to-year basis, portending a moderate increase in sales in the near term, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today
California home price ends year on high note while sales moderate in December; housing...
Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace and home price increases in December, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today
November pending sales and Market Pulse Survey
Pending home sales dropped from both the previous month and last year in November, indicating that the robust sales registered in November will likely not be repeated in the months ahead, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today
State Water Project Allocation Increased to 45 Percent
With reservoirs rising from December storms, the Department of Water Resources (DWR) today boosted its early-season estimate of next year’s State Water Project (SWP) supply from 20 to 45 percent of most requests.
November existing home sales and median price accelerate from year ago
Following last year’s new mortgage industry regulations that delayed some escrow closings, double-digit annual sales increases across every major region of the state propelled California existing home sales higher in November on a year-over-year basis, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today
California pending home sales expand in October
Led by the Southern California region, California statewide pending home sales grew modestly in October from the previous year and were down from September as the market begins its seasonal cooldown, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
CIT Group Accused of Redlining and Violating Fair Housing Act
Yesterday, two nonprofit organizations formally filed a complaint requesting that the federal Department of Housing and Urban Development (HUD) investigate whether CIT Group violated and continues to violate the Fair Housing Act through its subsidiary, OneWest Bank. In 2014, CIT Group applied to acquire OneWest Bank, and after receiving regulatory approvals, the merger was completed in August, 2015
California home sales and median price post higher in October
Bolstered by healthy sales activity in Southern California and the Central Valley, California existing home sales and median price gained ground in October on a month-to-month and year-over-year basis, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
California housing affordability holds steady in third quarter as rising wages and lower interest...
Rising wages and slightly lower interest rates did little to improve California’s housing affordability, which remained flat compared to the previous quarter, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
C.A.R. installs 2017 Leadership team
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today installed its 2017 Leadership Team. Leading the team is C.A.R. President Geoff McIntosh, a 30-year real estate veteran and broker in Southern California. Serving with McIntosh are President-elect Steve White, Treasurer Jared Martin, and Chief Executive Officer Joel Singer. The 2017 officers begin their official term this week at the close of the NATIONAL ASSOCIATION OF REALTORS® (NAR) Conference and Expo in Orlando, Fla.
C.A.R. Convenes “Housing Affordability and California’s Future” Real Estate Summit with Leading Experts in...
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) will present its second real estate summit at an event that will focus on housing affordability, the state’s most pressing housing issue. Industry leaders from financial institutions, government agencies, academia, real estate, public policy, business, and investing will engage in deliberate and impactful discussions with the goal of generating cogent action items for the state of California via the valuable input of stakeholders and thought leaders
Amid declining affordability and tight housing supply, California pending home sales rise in September
California pending home sales improved from the previous month and year, however, overall market conditions appear to be slowing down and closed transactions plateauing, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
September home sales and price report
California existing home sales ticked up in September on a year-to-year basis for the first time in seven months as a shortage of homes available for sale continues to hold back the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
C.A.R. releases its 2017 California Housing Market Forecast
Following a dip in home sales in 2016, California’s housing market will post a nominal increase in 2017, as supply shortages and affordability constraints hamper market activity, according to the "2017 California Housing Market Forecast," released today by the
Fla.’s Housing Market: Sales, Median Prices Up in Aug. 2016
Florida’s housing market reported more closed sales, higher median prices, more new listings and fewer all-cash closed sales in August, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 25,070 last month, up 8.2 percent from August 2015.
California pending home sales register higher in August but affordability and supply constraints remain...
An increase in pending sales across all major regions buoyed statewide California pending home sales in August from a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Uncertainty about market conditions was reflected in C.A.R.’s August Market Pulse Survey,** with most leading indicators showing a decline in growth and REALTORS® becoming less optimistic about market expectations and more concerned with reduced affordability
California housing market loses momentum in August as affordability crunch stifles home sales
California home sales downshifted in August as low housing affordability and a tight supply of homes for sale cut into demand, especially in high cost areas of the San Francisco Bay region, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.