Household income climbs in some big cities, outweighed by inflation in others
Modest income increases failed to keep pace with the roughly 3% inflation rate, meaning many households effectively lost buying power.
California
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Los Angeles ‘mansion tax’ fuels record affordable housing funding
Most of the money — $316 million — comes from Measure ULA, a transfer tax on property sales above $5 million that voters approved in 2022.
Housing market risk steepest in southern, western areas
Of the 50 riskiest counties, 14 were in California and seven were in Florida. New Jersey had five and Louisiana had four.
Tech startup offering AI-driven property level risk modeling
Instead of relying on zip code-based risk maps and subjective human judgment, FutureProof’s algorithm analyzes property-specific details.
Caliber Home Loans fined $2.3M for overcharging California borrowers
Caliber will pay $1.8 million in penalties and has refunded more than $550,000 to impacted California consumers.
Outdated manufactured home? This reverse LO could save the day
Bill Smith of Reverse Mortgage West talks about a unique way to build new homes using the proceeds from a reverse mortgage.
San Francisco Realtors add virtual staging tools
The technology allows real estate agents to transform empty rooms into photorealistic, professionally designed interiors in minutes.
California affordable housing programs face new legal challenge
A new lawsuit could deal a blow to one of California’s primary local tools for building affordable housing without taxpayer subsidies.
California wildfire rebuilding bill paused until 2026
The move comes after social media outcry centered on erroneous claims that the bill would force low-income housing into Pacific Palisades.
Californians report unraveling mortgage relief after the fires
Amid foreclosure and balloon payment chaos, July 7 officially marked the end of the FHA moratorium on foreclosures and evictions