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California Housing Affordability Sinks to 17-Year Low

California Housing Affordability Sinks to 17-Year Low

by Phil Hall | Aug 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California’s housing affordability during the second quarter sank to its lowest levels in nearly 17 years due to elevated home prices and mortgage rates, according to data from the California Association of Realtors (CAR). The second quarter’s level was less...

California Bill Would Mandate Time Limit on Homebuyer Agent Contracts

by Phil Hall | Aug 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new bill in the California legislature could create a three-month time limit on the homebuyer agent contracts required under the National Association of Realtors (NAR) settlement. The San Jose Mercury-News reported Assembly Bill 2992 would require the contracts...
Hits and Misses for the Real Estate Week of July 29-Aug. 2

Hits and Misses for the Real Estate Week of July 29-Aug. 2

by Phil Hall | Aug 2, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Politicians offering bizarre comments about housing, a major company shifting its headquarters out of California and a radioactive contaminated school for sale. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 29-Aug. 2....
Chevron Relocates HQ from California to Texas

Chevron Relocates HQ from California to Texas

by Phil Hall | Aug 2, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Chevron Corporation (NYSE:CVX) announced the relocation of its corporate headquarters from California to Texas. The company, which traces its California roots back to the 1870s is taking its leadership offices from San Ramon to Houston before the end of the year....
Gov. Newsom Orders California Agencies to Dismantle Homeless Encampments

Gov. Newsom Orders California Agencies to Dismantle Homeless Encampments

by Phil Hall | Jul 25, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom has ordered state and municipal agencies to being the dismantling thousands of homeless encampments across his state, where an estimated 180,000 people are unhoused. Newsom’s order follows last month’s Supreme Court ruling that...
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