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California Senate Approves Bill to Expand Down Payment Program to Illegal Immigrants

California Senate Approves Bill to Expand Down Payment Program to Illegal Immigrants

by Phil Hall | Aug 29, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The California State Senate voted 23-11 to approve a bill that opens a state program for down payment assistance to illegal immigrants. However, it is unclear whether Gov. Gavin Newsom will sign or veto the bill. AB 1840 would require the California Dream for All...
California Approves Allstate’s Request for Home Insurance Hike of 34% on Average

California Approves Allstate’s Request for Home Insurance Hike of 34% on Average

by Phil Hall | Aug 28, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Allstate has been approved for the largest rate increase in California of any major insurer in the past three years. California’s Department of Insurance has approved Allstate’s request to jack up its home insurance rates by an average of 34.1% for its approximately...
Community Preservation Partners Acquires San Diego-Area Affordable Housing Complex

Community Preservation Partners Acquires San Diego-Area Affordable Housing Complex

by Phil Hall | Aug 28, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Community Preservation Partners (CCP), an affordable housing preservation developer, has announced its acquisition and planned renovation of Lexington Green Apartments, an affordable housing complex in El Cajon, Calif. CPP’s total development investment is...
California Poised to Open Mortgage Assistance Program to Illegal Immigrants

California Poised to Open Mortgage Assistance Program to Illegal Immigrants

by Phil Hall | Aug 26, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

California is poised to make history for offering state-financed mortgage assistance to illegal immigrants. According to combined media reports, the proposed legislation AB 1840 would require the California Dream for All Shared Appreciation Loans program to overlook...
California Home Sales at Five-Month High

California Home Sales at Five-Month High

by Phil Hall | Aug 20, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in California totaled a seasonally adjusted annualized rate of 279,810 in July, a 3.6% increase from June and a 4.1% boost from one year ago, according to new data from the California Association of Realtors (CAR). July’s total marked a five-month high...
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