A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006.
The number of California homes entering the foreclosure process has plunged to a more-than-seven-year low as the state housing market continues to improve.
Crews are putting the finishing touches on some San Francisco micro-apartments, spaces under 300 square feet, meant to be a more affordable option for those looking to live in the city.
The real estate tracking firm DataQuick reported Thursday that San Francisco Bay area home sales dipped in February compared to the previous month and the year-earlier period.
California should receive at least $20.6 billion from a settlement with the nation’s major mortgage lenders, the largest share of any state and about $2 billion more than expected when the agreement to assist homeowners was announced last year, according to a report released Thursday.
Northern California has posted its strongest home sales for January in six years but researchers say the market’s still far from normal.
Gov. Jerry Brown said at a housing summit in Oakland today that California has a “very vibrant” housing market but it needs to re-examine some laws and regulations that may be hampering the market.
The number of California homes selling for more than a million dollars rose to the highest level in more than five years, according to industry publication DataQuick.
Lee said it’s been a successful year for job creation, commercial construction and attracting tech companies to the city.
U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis by agreeing to pay $8.5 billion to settle charges that they wrongfully foreclosed on millions of homeowners.