After wrestling with recalcitrant homeowners, husbanding their parcels of land to keep their property values high, the state’s leadership passed a law that increased the availability of new rental units and put more money into homeowners’ pockets in 2016. The passage of the law has unlocked a wave of entrepreneurial energy as startups look to build things that can make money and solve a real problem for the state — and eventually — the nation.
Public health officials in six Bay Area counties and the city of Berkeley released new health orders Wednesday extending mandates to shelter in place through May 31, while relaxing restrictions around some outdoor businesses and recreation activities.
In this video, CalMatters housing reporter Matt Levin moderates a virtual discussion on what help is available for homeowners and renters struggling to make mortgage payments and rents, and what can be done to help homeless Californians while shelter-in-place orders are in effect.
NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.
Demand for housing will likely soften as unemployment grows and household incomes decline. Moreover, thousands of homes have already been pulled off the market, affecting both potential buyers and sellers. Fewer housing units will also be produced in the short-term, possibly impacting housing affordability over the long run.
The California Department of Public Health today announced the most recent statistics on COVID-19. California now has 1,006 confirmed cases. For more information on COVID-19 and California’s response visit the California Department of Public Health website.