Residential

The Los Angeles City Council voted to create a new linkage fee on real estate development to finance new affordable housing
The Los Angeles City Council voted to create a new linkage fee on real estate development to finance new affordable housing.   The Los Angeles Times reports that the fee’s proponents insisted that this will raise $100 million a year. The fee, which goes into full effect in 2019, will require... Keep Reading....
The national median rent reached $1,081 in September, its highest point of the year, according to new data from ABODO
The number of single-family homes that used as rental properties increased by 5 million between 2006 and early 2017, according to new data by Zillow. As a result of this shift toward renting out single-family houses, approximately 270,000 fewer homes are being sold each year compared to 2006, or... more
Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders
Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders.   The Folsom, Calif.-based lender has hired Diane Cimarusti-Galigher, a former Senior Vice President at BD Holdings, as the Division’s Regional Builder Manager for... more
Two new data reports are highlighting the level of residential property damage created by the ongoing California wildfires
Two new data reports are highlighting the level of residential property damage created by the ongoing California wildfires.   In CoreLogic’s hazard risk analysis, a total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value (RCV) of $27.7 billion are at some... more
The perennial debate on whether it is more cost-effective to be a homeowner or a renter is the subject of a new study from the Urban Institute’s Housing Finance Policy Center, which analyzed 33 major metro areas
The perennial debate on whether it is more cost-effective to be a homeowner or a renter is the subject of a new study from the Urban Institute’s Housing Finance Policy Center, which analyzed 33 major metro areas. The result of the analysis found that in was, on average cheaper to own than rent in... more