03/22/2019

News

Rising Housing Costs and Re-Segregation in the San Francisco Bay Area

Between 2000 and 2015, as housing prices rose, historically Black cities and neighborhoods across the region lost thousands of low-income Black households. These areas include the Bayview in San Francisco, flatland neighborhoods in Oakland and Berkeley, and the cities of East Palo Alto, Richmond, and Vallejo. Low-income Asian and Latinx households decreased in several neighborhoods […]

Research & Studies
Read More

February 6, 2019 – California Dems Excited About Biden And Harris, Quinnipiac University Poll Finds; 43% Of Voters Say They Can’t Afford To Live Here

Led by younger voters, 43 percent of California voters feel they can’t afford to live in the Golden State. Among voters 18 to 34 years old, 61 percent say they can’t afford to live in California. Voters statewide say 77 – 18 percent that there is a housing crisis in California. That ranges from 72 […]

Read More

California doesn’t have enough land set aside to meet Gov. Gavin Newsom’s housing goals, report says

Among the hurdles Gov. Gavin Newsom will face in his goal to see 3.5 million new homes built across California over the next seven years is that the state hasn’t set aside enough land for that development, a forthcoming report by UCLA concludes. Cities and counties have zoned land to allow for the construction of […]

Read More

Gentrification Is Failing in Los Angeles

Compared to other more traditional cities, such as New York or Chicago, multi-polar L.A.’s gentrification reflects less organic development than massive real estate speculation, supported by public dollars and policy. In a new report on gentrification nationwide co-authored with Karla Lopez del Rio and Chapman University researcher Kenneth Murphy, released by the Center for Opportunity […]

Read More

Changing Prop. 13 Could Worsen Housing Crisis.

Implementing a split roll would mean that commercial property would be taxed at market value. That would bring in more revenue to schools and local governments. But supporters of the split roll stop the discussion at that point, and fail to discuss the far-reaching consequences of undoing Proposition 13. High housing costs were a constant […]

Read More

Oregon’s Progressive Politicians Want Rent Control for All

Oregon is poised to become the first state to enact statewide rent control. The Democrat-controlled state Senate is considering a bill to cap rent increases at 7 points above the annual increase in the consumer price index. Currently, that works out to about 10% a year. The bill also includes tenant protections, such as prohibiting […]

Site has paywall
Read More

Controversial Bay Area Housing Plan Heads to State Legislature

The CASA Compact includes proposals aimed at both spurring new housing construction and protecting existing tenants. Developers would be able to tap into streamlined approvals and tax incentives for more housing projects, and minimum zoning standards would be established around transit stops to increase density. Under the plan, vulnerable tenants would be aided by a […]

Read More

Home Sales Dropped in December; Price Increases Slowed

Home sales tumbled in December to their weakest level since 2015, ending a difficult year at a new low and offering fresh evidence that the housing market could be in for a bumpy ride in 2019. Some of the same forces that pounded global financial markets in the fourth quarter caused home buyers to pull […]

Site has paywall
Read More

The high price we pay for low-rent housing

Residents of Cascade Village, whose rent payments are subsidized by the federal government, will be moved into temporary quarters while their apartments, about 750 square feet each, are spiffed up with remodeled kitchens and bathrooms and new appliances, plus handicapped access. That’s good news for them, certainly, but it raises a serious issue: Why is […]

Read More

Fed Says Student Debt Has Hurt the U.S. Housing Market

The Federal Reserve has linked rising student debt to a drop in homeownership among young Americans and the flight of college graduates from rural areas, two big shifts that have helped reshape the U.S. economy. The effect of student debt on the economy has been debated in recent years, as the total has soared to […]

Site has paywall
Read More

Dan Walters: Should California revive redevelopment?

California’s version of redevelopment hinged on the novel notion of “tax increment financing.” Local governments, cities mostly, could deem neighborhoods as “blighted,” borrow money through bonds to improve housing and other services, and repay the loans from the property tax “increments” that those improvements generated. For decades, those powers were gingerly used, although there were […]

Read More

Southern California builders are cutting prices to move glut of unsold homes

Faced with the largest inventory of unsold finished homes in six years, Southern California’s homebuilders have resorted to price cutting. According to real estate watcher Zillow, 25.9 percent of new homes on the market in Los Angeles and Orange counties in the fourth quarter had price cuts — No. 17 of 34 major markets studied […]

Read More

California sees its first home sales drop in four years

California’s housing market ended 2018 on a down note, with sales for 2018 as a whole down for the first time in four years and home price gains showing signs of leveling off, Realtor economists reported Thursday, Jan. 17. A volatile stock market and political and economic uncertainty contributed to the market slowdown, according to […]

Read More

Gov. Gavin Newsom Says California Is Continuing The Discussion On Rent Control

California Gov. Gavin Newsom says conversations are underway on rent stabilization, after voters rejected a rent control ballot measure last fall. Newsom spoke Tuesday in San Jose at a roundtable discussion on California’s housing crisis, saying the state is speaking with housing industry groups about possible next steps following the defeat of Proposition 10 in […]

Read More

Developer accuses two construction unions of engaging in racketeering and extortion

A Los Angeles real estate developer has filed a lawsuit accusing two labor unions of violating federal racketeering and antitrust laws as they attempted to block the approval of a mixed-use complex in the San Fernando Valley. The Icon Co., which is seeking to build a $150-million project in Panorama City, said in its lawsuit […]

Read More