CoreLogic’s Quarter2 2017 Home Equity Analysis shows U.S. homeowners with mortgages have seen their equity increase by a total of 10.6 percent year over year, representing a gain of $766 billion since Q2 2016.
(Audio) We have a housing package! It’s such big news, we’re breaking it into two mega-pods: This week dedicated to the politics behind the package, and next week to its crucial policy details. By Matt Levin...
Trevor McNeil and Sarah Montoya, both 35, would love to buy a home in San Francisco, but like many young couples, they make too much money to qualify for a below-market-rate unit and too little to afford a market-rate one. Instead, they share a one-bedroom walk-up apartment with their toddler and twins. By Kathleen Pender...
The major bills are explained, including how they facilitate building of housing for all income levels and for veterans; construction and preservation of low-income rental housing; and construction of more housing near transportation.
Recognizing that the affordable housing market crisis in California requires immediate attention, California lawmakers passed a flurry of bills Friday that promise to streamline the permitting process and ensure future home availability – particularly in the state’s most expensive cities. By Derek Fleming...
The slowdown in California’s labor market is continuing, according to an analysis released jointly by Beacon Economics and the UCR School of Business Center for Economic Forecasting and Development. One metric shows that the state lost 8,200 jobs in August; however, a different measurement shows the state added 15,800 jobs in August. Year-over-year job gains remain at national levels. By Beacon Economics...
State governments, in partnership with cities and other local jurisdictions, can and should do more to promote housing development and choice through smarter local land use policies and incentives, according to a new ULI report, Yes in My Backyard. By Trisha Riggs...
Legislators in the Assembly passed Senate Bill 2, a $75 fee on mortgage refinances and other real estate transactions except for home and commercial property sales. … The lack of a decision on SB 2 had been holding up votes on potentially more than a dozen housing bills in the Legislature. The Assembly passed five other housing bills Thursday night, including SB 3 and SB 35. The state Senate must still vote on these measures. By Liam Dillon...
About 20 percent of Californians lived below the Census’ “supplemental” poverty measure from 2014 to 2016, according to data released by the Bureau on Tuesday, exceeded only by D.C. “I think the fact that California’s poverty rate essentially held steady might mean that rising housing costs are really limiting the extent to which gains in the job market can lift people out of poverty,” said Alissa Anderson, senior policy analyst with the California Budget and Policy Center. By Lisa Pickoff-White and Erika Aguilar...
For more than 40 years, Massachusetts’ signature affordable housing policy-Massachusetts “40B”-has served as a model for how states can motivate and sometimes bully reluctant localities into meeting their fair share of affordable housing. The state has led the way in ensuring housing is built for households of all income levels… By Matt Levin...
