One of the largest earthquakes to strike Southern California in decades rocked Los Angeles residents on the evening of July 5, just a day after the region experienced another major quake. The magnitude 7.1 quake on that Friday night came less than 36 hours after a 6.4 earthquake rippled through the LA area on Fourth […]
Housing Battle’s Home Front
Driven by an explosion in new jobs alongside a lack of sufficient home building to accommodate workers moving into the city, Palo Alto is dealing with a dilemma also faced by other tech hubs across California. Sen. Scott Wiener’s Senate Bill 50 (which C.A.R. supports) aims to spur home building by requiring local governments to […]
Will Hussle’s Dream for ‘Hood Live On?
A banner of Nipsey Hussle is stretched across an exterior of the Baldwin Hills Crenshaw Mall. It has been there for most of the year and is easy to spot. On the placard, Hussle is gazing upward, hands clasped as if in prayer or plotting the next move. Given the image was a celebratory banner […]
Market From Builder Perspective
“We are really working a little bit harder … to get people in the door and to get people excited,” said Mark Mullin, an agent selling several new projects in the Los Angeles area. A recent pullback in mortgage rates could put some heat back into the market, but there has been a decided shift […]
CA Housing Issues to Watch in 2018
Rising rents and home prices forced California’s housing crisis to the front of Gov. Jerry Brown’s and lawmakers’ agenda in 2017. Legislators passed the most comprehensive package of housing bills in recent memory designed to increase spending on low-income development and encourage more construction in general. But the bills, according to independent analyses, won’t do much to make […]
CA Supreme Court Rules on Dual Agency Case
The California Supreme Court ruled unanimously this week that a real estate professional who represented a seller of a home owed a fiduciary duty to not only the seller but also the buyer if the buyer’s agent happens to work for the same brokerage. Some in the industry are closely watching the case and questioning […]