User: demo Topic: Housing
Category: Housing Market
Last updated: Jun 19 2019 06:20 IST RSS 2.0
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Google wants to build 20,000 homes in Silicon Valley. Will NIMBYs let it happen? 19.6.2019 LA Times: Commentary

Faced with a housing shortage and affordability crisis that they exacerbated, Silicon Valley companies are increasingly under pressure to do something to fix the region’s housing woes.

On Tuesday, Google stepped up in a big way, with a pledge to make a $1 billion investment in housing across the...

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SB 50 could have reshaped L.A., and readers were having none of it 18.5.2019 Los Angeles Times - Living Green

Either SB 50 was the most unpopular piece of state legislation in years, or many L.A. Times letter writers live in tidy neighborhoods of historic single-family homes.

I say this because all but one of the nearly three dozen letters we received this week on SB 50, the bill in Sacramento to upend...

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Home prices fall in Southern California for the first time in 7 years 26.4.2019 LA Times: Commentary

The Southern California median home price dipped slightly in March from a year earlier, the first annual decrease since 2012 and a sign of a remarkable downshift from the once-sizzling regional housing market.

The 0.1% drop, reported Friday by CoreLogic, means prices for the six-county region were...

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U.S. new-home sales climbed 4.5% in March, and prices sank 23.4.2019 LA Times: Business

Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage-rate spike last year that caused homebuying to slump.

The Commerce Department said Tuesday that new homes sold at a seasonally adjusted annual...

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Southern California home sales plunge to lowest level since 2007, prices rise just 1% 31.1.2019 LA Times: Commentary

The housing market’s chill grew colder in December, as sales plunged across Southern California and home prices barely rose.

The number of closed deals fell 20.3% compared with a year earlier, hitting the lowest level for a December since the start of the Great Recession and marking the sharpest...

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China’s economy is weakening, spurring fear of a global slowdown. The trade war isn’t helping 22.1.2019 L.A. Times - World News

Just about every indicator of economic health in China is down. On top of Apple’s slumping sales here, car sales have plunged for the first time in 20 years. Property sales, housing construction, foreign investment, December imports and exports are all slowing. And the job market has gotten a lot...

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Remember the subprime mortgage mess? $1.2 trillion in risky corporate debt is flashing similar warning signs 20.1.2019 LA Times: Business

Indebted borrowers increasingly take out high-interest, adjustable-rate loans that are packaged into securities and sold to investors eager for a better rate of return.

Everything’s fine while the economy is growing. But when it slows, those borrowers could default, causing problems to cascade...

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Some home shoppers are calling it quits, convinced that prices have peaked 19.1.2019 Los Angeles Times - Living Green

Two years ago, Mike Saavedra moved to Southern California, equipped with a new high-paying healthcare job and a plan. The former Arizona resident would rent by the beach while becoming familiar with neighborhoods where he may want to purchase a house.

But a few months after starting his search,...

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As the housing market slows, builders are offering buyer discounts 11.1.2019 LA Times: Business

As the housing market has downshifted, more builders are offering sweeteners to close the deal.

Companies large and small are paying closing costs, buying down mortgage rates and trimming square footage to offer a cheaper abode. Some are countering the high cost of a mortgage with a more direct...

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Denver-based IMPRINT Hospitality acquires Historic Taos Inn in New Mexico 9.1.2019 Denver Post: Local
The sale price wasn't immediately disclosed Tuesday. The inn was listed on the market last year for $7.1 million.
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Home sales are slipping in Denver’s Stapleton neighborhood; Lewis Banning Ranch rising in Colorado Springs 8.1.2019 Headlines: All Headlines
Stapleton remains Colorado's top-selling new home community, claiming the 11th spot nationally last year with 622 sales, according to a ranking from John Burns Real Estate Consulting.
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Kilt Farm in Niwot looks to innovate itself into success 8.1.2019 Headlines: All Headlines
It's no secret that the rising costs of labor and equipment make farming in Boulder County nearly impossible -- in 2016, Boulder County reported an 80 percent failure rate for farms in the area. The growing popularity of subscription food boxes like Blue Apron and Hello Fresh, however, has given at least one farmer hope for the future.
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California Inc.: Be careful before you spend $100,000 to go to space 31.12.2018 LA Times: Commentary

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I'm energy reporter Sammy Roth, filling in for a vacationing David Lazarus. Here's a rundown of upcoming stories this week and the highlights of last week.

Stock markets have continued to ping-pong, falling dramatically...

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Almost nothing paid off for investors in 2018, as the bull market headed to the slaughterhouse 30.12.2018 LA Times: Nation

In 2017, nearly everything investors touched made money.

Major stock indexes were up about 20% or more. Bonds turned in another solid year of gains. And the housing market was sizzling, with median home prices in Southern California up 8.2% from a year earlier to top the bubble-era high reached...

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Pending Home Sales Fell in November 29.12.2018 Wall St. Journal: US Business
The number of U.S. existing homes going under contract declined in November, signaling home sales may remain in a slump in the coming months.
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Southern California home sales drop 12%. Prices rise at slowest pace since 2015 28.12.2018 Los Angeles Times - Living Green

Southern California home sales plunged 12% in November from a year earlier, while prices rose at the slowest pace in three years amid a broad cooling in the housing market.

The median price in the six-county region was $522,750 in November, real estate firm CoreLogic said Thursday. That’s up 3.5%...

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Map: Black homeownership rates in Twin Cities are among the lowest in the U.S. 20.12.2018 Minnesota Public Radio: News
Black households in the Twin Cities own their homes at far lower rates than white households, new analysis finds, a lingering effect of the Great Recession's ravages on the housing market.
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Blackstone Spends Huge to Kill California Rent Control 24.10.2018 American Prospect
(Photo by Jessica Goodheart) Capital & Main  is an award-winning publication that reports from California on economic, political and social issues. The American Prospect is co-publishing this piece. One of California’s most hotly contested ballot measures, Proposition 10, would repeal the 23-year-old Costa-Hawkins Rental Housing Act that restricts a city’s ability to apply rent control to post-1995 construction and exempts single-family homes from regulation. Proposition 10’s opponents claim it will worsen the state’s housing crisis, which has left teachers, blue-collar workers, and retirees struggling to keep roofs over their heads . To that end, the No on Prop 10 campaign has deployed an ensemble of small property owners, nonprofit housing developers, and veterans as spokespeople against the measure. However, topping the list of No on Prop 10’s big donors are some of the country’s largest landlords—many funded by Wall Street investment dollars—whose bottom lines could be negatively affected by Prop ...
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Housing Market Positioned for a Gentler Slowdown Than in 2007 14.10.2018 Wall St. Journal: US Business
The U.S. housing market is running out of steam, but its slowdown looks nothing like the historic collapse that took down the whole economy in 2007.
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The Return of American Socialism 11.10.2018 American Prospect
This article appears in the Fall 2018 issue of The American Prospect magazine. Subscribe here .  In 1960, the young socialist Michael Harrington traveled to Ann Arbor to provide what help he could to the fledgling radical movement at the University of Michigan, and to see if he could recruit some students to the Young People’s Socialist League. He had particularly long talks with the 20-year-old editor of The Michigan Daily (the student newspaper), Tom Hayden. Though the two hit it off, Harrington couldn’t make the sale. “He accepted much of my analysis,” Harrington later was to write, “yet he balked at the socialist idea itself.” Harrington was no slouch at converting progressives to socialism; an unusually high percentage of the members of the Democratic Socialist Organizing Committee (which he founded in 1973) and its successor organization, the Democratic Socialists of America (which he co-founded in 1982) signed up after having been intellectually and emotionally persuaded by one or more Harrington ...
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