Defeat of Senate Bill 364 preserves private property rights and protects California’s rental housing...

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today hailed the defeat of Senate Bill (SB) 364 (Leno) in the State Legislature this week. The bill would have eliminated property rights protections for owners of rental property and significantly discouraged efforts to create new rental housing in the city and county of San Francisco

California Sees Return to Boom Days of House Building

WASHINGTON, D.C. - April 18, 2013 - (RealEstateRama) -- The homebuilding boom could be returning to parts of California, as real estate values are starting to show strong signs of recovery in the last 12 months. According to an article by the LA Times, demand for homes in some areas of California is returning to pre-recession levels.

C.A.R. announces 2012 Annual Housing Market Survey results

LOS ANGELES, CA - November 1, 2012 - (RealEstateRama) -- Favorable home prices and record-low interest rates combined with high demand and a severe shortage of available housing have created a highly competitive housing market in California, with nearly six in ten home sales receiving multiple offers, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2012 Annual Housing Market Survey.”

C.A.R. reports California’s housing market continued to improve in June

LOS ANGELES, CA - July 17, 2012 - (RealEstateRama) -- California’s housing market continued to show signs of improvement in June, as home sales experienced solid gains annually and home prices reached their highest level since August 2010, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

California housing market continues to post strong gains in May, home sales rise to...

LOS ANGELES, CA - June 18, 2012 - (RealEstateRama) -- California’s housing market continued to improve in May, with home prices posting solid gains for the third straight month and home sales well above last year’s pace, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Congresswoman Matsui Announces $8.2 Million in Federal Funding to Stabilize Sacramento Housing Market

SACRAMENTO, CA - September 9, 2010 - (RealEstateRama) -- Today, Congresswoman Doris Matsui (D-Sacramento) announced that the Sacramento area will receive $8.2 million in Federal funding to help support and stabilize our local housing market. Funding will be used to purchase and redevelop foreclosed and abandoned homes. The funding was made available by the Department of Housing and Urban Development’s (HUD) as part of the third round of grant funding announcements under the Neighborhood Stabilization Program (NSP3), and includes $4.5 million for Sacramento County and $3.7 million for the City of Sacramento. NSP3 funding is designed to assist communities that have suffered from high rates of home foreclosures and abandonment

Rep. Matsui Votes to Stabilize Housing Market, Protect Taxpayers

WASHINGTON, D.C - June 14, 2010 - (RealEstateRama) -- Congresswoman Doris Matsui (D-Sacramento) voted to help families realize the dream of homeownership, save taxpayers money, and protect Americans from mortgage fraud by passing H.R. 5072, legislation that institutes reforms to the Federal Housing Administration (FHA). The Federal Housing Administration Reform Act is part of a larger commitment of Rep. Matsui and her colleagues to provide working Americans and small businesses in Sacramento with the tools to drive our economic recovery.

C.A.R. releases “State of the California Housing Market” report

LOS ANGELES, CA - March 10, 2010 - (RealEstateRama) -- Affordable home prices, tax credits for home buyers, historically low interest rates, and a large number of distressed properties prompted many first-time home buyers to enter the market in 2009, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) 2009-2010 “State of the California Housing Market” report released today

Gov. Schwarzenegger Issues Statement on Obama Administration Plan to Assist Housing Finance Agencies, Help...

October 20, 2009 - (RealEstateRama) -- Governor Arnold Schwarzenegger today issued the following statement after the Obama Administration’s announced move to provide support to housing finance agencies across the nation. This action will help restart the housing market for low to moderate income first-time homebuyers, including in California, which has been among the hardest hit by the real estate crisis.

House Unanimously Passes the Neighborhood Preservation Act

Authored by Rep. Miller, the Bill Will Provide Assistance to Struggling Homeowners Washington, DC - July 29, 2009 - (RealEstateRama) -- Today, the House of Representatives unanimously passed H.R. 2529, the Neighborhood Preservation Act. This legislation, authored by Reps. Gary Miller (R-CA) and Joe Donnelly (D-IN), will address the persistence of foreclosures and large unsold housing inventories in order to give families a chance to stay in their homes, stabilize home values, and restore overall confidence in the housing market.

Subdivision Map Act Extension Bill (AB 333)

May 28, 2009 - (RealEstateRama) — With signs pointing to a slow recovery for the new housing market, a bill is quickly making its way through the California Legislature that would add two years to existing tentative subdivision and parcel maps.

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