Newsom administration makes progress on tiny home promise
Nearly a year ago, Gov. Gavin Newsom promised to deploy 1,200 tiny homes to help shelter the state’s growing population of homeless residents. Now, the state has chosen who will build those tiny homes and what they will look like — but there’s still no word on when people will be able to move in.
New California housing laws aimed to streamline building process take effect in 2024
If California wants to build its way out of its long term housing shortage, plenty of things stand in its way in 2024: high interest rates, sluggish local approval processes and a persistent shortage of skilled construction workers, among others. But a slew of housing bills from the 2023 legislative session going into effect on Jan. 1 promise to ease or eliminate some of the other burdens.
California home sales drop to the lowest level in 16 years, California Association of Realtors reports
The number of homes sold in California in November dropped to the lowest level since the Great Recession in the early 2000s, according to a new report from the California Association of Realtors. Statewide, the number of single-family homes sold last month fell to 223,940, a 7.4% drop from October and a 5.8% drop compared to the same time last year.
California homelessness worsens even as housing bills pass
If there was ever any doubt, 2023 made two things very clear. First, California lawmakers are now fully committed to the idea that the state needs to build many more homes to tackle the state’s long term housing crisis.
California investors shed rental houses. It’s a national trend, too
Have hordes of investors – from mom and pops to Wall Street giants – gobbled up single-family residences across the state to make them rentals?
