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When talking about housing in California, compromise is sometimes the last word that comes to mind. A forum held Thursday in Sacramento was designed to start moving toward that goal.
The California Apartment Association brought together members from all sides of the housing debate, including representatives from the state, affordable housing, labor, builders, property owners and tenants. The objective was to start working toward consensus on how to resolve California’s worsening housing crisis.
The consensus was that all sides need to compromise to address the acute need and build more housing, both affordable and market rate. Another point that all… Read More
An appellate court Monday upheld important rights of San Francisco rental property owners under the state’s Ellis Act, a state law that allows property owners to leave the rental housing business.
The Ellis Act ensures a property owner’s ability to take a building off the rental market and convert the units to condominiums or single-family homes.
The First District Court of Appeal in San Francisco affirmed Monday that a 2014 ordinance passed by the San Francisco Board of Supervisors would have violated the Ellis Act.
In the 3-0 ruling, Justice Martin Jenkins said that the ordinance “prevents landowners from exercising… Read More
Work in home improvement? You might see your bank balance improve, too.
A study by Harvard’s Joint Center for Housing Studies predicts your industry will enjoy a big bounce this year.
Yearly spending on home renovations will see double-digit growth through the third quarter, according to this article by CE Pro magazine.
The study, dubbed the Leading Indicator of Remodeling Activity, looks at several factors to make its projections, from pending home sales to business at building supply stores.
“The solid momentum behind home building activity, existing home sales, low financing costs and remodeling contractor sentiment all point to a… Read More
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