In April, the U.S. Attorney’s Office announced that two Sacramento defendants were found guilty of wire fraud that stemmed from a case involving a fraudulent real estate company that targeted members of Sacramento’s Latino community. According to U.S. Attorney McGregor W. Scott of the Eastern District Court of California, five others indicted on connected charges […]

Last year, California ranked the highest in the nation in terms of priciest ZIP codes for home sales for the third consecutive year. California had roughly 70 percent (82 of 117) of the priciest ZIP codes in the nation. PropertyShark, a real estate database, compiled the data and analyzed the median sales prices for all […]

State Senator Scott Wiener revived a major effort to boost homebuilding near transit last month. Senator Wiener believes Senate Bill 50 (SB 50) is necessary to address the state’s housing affordability and climate change challenges that have increased since a similar bill he proposed earlier this year failed.  Under SB 50, developers would be allowed […]

Apparently, even professionals in the San Francisco metro area can qualify as low-income due to the expensiveness of the area. The U.S. Department of Housing and Urban Development (HUD) annually assesses income limits for how much a person can make per year and still qualify for certain types of federal housing assistance. HUD’s fiscal 2018 […]

According to a report by analysts from realtor.com, Santa Clara County leads the state in residents looking to move out of town. The county is known for being the nation’s tech sector and for its expensive housing. The analysts used property searches and census data to figure out that a larger share of residents are […]

A surprising thing has been revealed by researchers regarding a trend in California migration. It turns out that the populations of inland counties are growing faster than that of urban coastal counties such as San Joaquin and Sacramento. Around 2014, Phuong Nguyen, who is a research specialist at the California Department of Finance, began noticing […]

The housing industry is eagerly courting a group of consumers, aged 20 to 36, that real estate professionals call Hispennials, which is a mash-up of Hispanics and Millennials. Rick Arvielo, CEO of Tustin-based New American Funding, states, If you look at the Latino population, their demographic is younger and they are just starting to buy […]

In early November, San Diego City Council members David Alvarez and Lorie Zapf pushed to convert the old Chargers headquarters on Murphy Canyon Road into temporary housing for homeless people. The 14-acre site once known as Chargers Park is owned by the city and has been vacant since the Charges football team officially left in […]

According to The Sacramento Bee, California Treasurer John Chiang has helped award tens of millions in tax credits and bonds over the last decade to a handful of affordable housing developers who contributed to his political campaigns. In August, The Sacramento Bee reviewed the projects done by housing developers and found that Chiang has accepted […]

Scientists predict that coastal communities in the United States could eventually experience flooding from higher tides as glaciers continue to melt. It is estimated that the sea level will increase about one to four feet by the end of the century. According to scientists, sea level rise is underway in some seaside neighborhoods and there […]