Tuesday, June 18, 2019
Sunday, June 2, 2019
Thursday, May 9, 2019
Sunday, April 28, 2019
Rent control is back on the front burner in California as lawmakers consider a bill that would cap monthly increases statewide and Gov. Gavin Newsom weighs in to support a "renter protection package".
The push in Sacramento for rent control comes as a new effort is underway to put a rent-control measure on the California ballot. Developers and landlord groups, who helped defeat a rent-control initiative last year, are preparing for another fight.
“We are adamantly opposed to this proposed ballot initiative and will spend whatever it takes to defeat it,” Daniel Yukelson, executive director of the Apartment Association of Greater Los Angeles, said. “It is a re-tread of Proposition 10, which California’ voters soundly rejected in November 2018.”
More than 17 million Californians live in rental properties, and it isn’t unusual for tenants to pay more than 50% of their incomes toward housing. Some also have linked the state’s growing homeless population to the housing affordability problem.
“The California Dream is in peril if our state doesn’t act to address the housing affordability crisis,” Newsom said in a statement Thursday.
Monday, April 22, 2019
Monday, April 1, 2019
“Indicators point to a promising spring home buying season for both buyers and sellers. Buyers have this great window of opportunity with more homes on the market, lower interest rates and home prices stabilizing,” said Alan Barbic, president of the Silicon Valley Association of Realtors. “Sellers will benefit from this historically busy time in the market with renewed buyer interest after last year’s waning activity.”