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California Housing Market Downturn News is an EIN News Service for real estate professionals. Constantly updated news and information about California Real Estate.
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Latest California Housing Market Downturn News

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  • Senate extends housing credit (11/05/2009) 7 Nov 2009 06:13 GMT
    ... House may vote on package today First-time homebuyers who had been facing a Nov. 30 ... purpose of breathing life into a moribund housing market. "The market has been in a ... in the greater Pittsburgh region, however, are down 6 percent from 19,388 sales in the first 10 ...

  • Economic forecast for San Luis Obispo County sees recovery next year 7 Nov 2009 10:14 GMT
    ... With mounting job losses, the housing market collapse and dwindling consumer spending, San ... behind the county, the healing will be slow and there will be more headaches before ... leave it vulnerable to large upswings and downswings. Manchak said sustainable growth is what the ...

  • Madison's largest bank tries to survive 7 Nov 2009 14:10 GMT
    ... struggling banks. On Friday, federal regulators shut down Chicago-based Park National Bank, the third-largest bank ... tied to the larger economy, including the housing market and unemployment." Boelter also says Anchor ... delisting by NASDAQ. While an exchange may drop a stock whose price stays below $1 ...

  • Redwood Trust scores $27 million profit in third quarter 7 Nov 2009 10:18 GMT
    ... calling a bottom to the decline in home prices -- in fact, we are modeling ... home prices nationwide," Hughes said. "We expect downward price pressure on housing to be caused by a mounting oversupply ...

  • California Academy of Sciences Among Four Winners of ULI Global Awards for Excellence 7 Nov 2009 00:34 GMT
    ... for sustainability. In addition to creating a home for powerful exhibits and programs, and valuable ... miles) east of the current campus in downtown Cairo. It is designed to be a tool ... meters (2.2 million sq ft) of energy-efficient housing and academic, administrative, and student life facilities. ...

  • 20 more weeks of benefits for the unemployed 7 Nov 2009 01:03 GMT
    ... extend the $8,000 tax credit for new homebuyers into the middle of next year. The ... recession." "The bill also a places a down payment on the future of our middle-class because ... projected 5.1 million for the year and housing inventory has been trimmed, thus stabilizing home ...

  • Downtown charter school teacher earns Milken award 7 Nov 2009 05:50 GMT
    ... never expected growing up in Section 8 housing in Homewood. The recipient of a Milken Educator Award, ... students at Northside Urban Pathways Charter School, Downtown. "Like many of you, I came from ...

  • U.S. EPA fines Long Beach landlord $7,952 over lead-based paint violations 7 Nov 2009 00:34 GMT
    ... adequate information about lead hazards, tenants and home owners cannot protect themselves and their families ... The federal government banned lead-based paint from housing in 1978. Children with high levels of ... behavior and learning problems, such as hyperactivity, slowed growth, or hearing problems. Federal law requires that ...

  • U.S. Budget Deficit Debt Crisis, Austrian, East European or Glide Option Solution? 7 Nov 2009 10:12 GMT
    ... will tell us which path we're headed down. For those who are new readers and ... this was a bubble that puts our housing bubble to shame. So, I understand the ... over the long term, and a very slow-growth environment. But if we choose this path, ...

  • Freddie Mac Posts Loss, Says It Doesn't Need Aid 7 Nov 2009 07:37 GMT
    ... quarters ended in March amid a three-year housing slump. Freddie Mac, which has tapped $50.7 billion ... recovery for some time and put further downward pressure on house prices,” Freddie Mac Chief ...

  • Big Jump in Unemployment Creates New Policy, Political Problems for Obama 7 Nov 2009 02:17 GMT
    ... challenge. Not since 1983, after a double-dip downturn had sent the auto, steel and housing industries plunging, has the jobless rate gone ... continues, job gains are likely to come slowly and unemployment is expected to remain high ...

  • Jobless rate soars to highest since 1983 7 Nov 2009 14:53 GMT
    ... challenge. Not since 1983, after a double-dip downturn had sent the auto, steel, and housing industries plunging, has the jobless rate gone ... continues, job gains are likely to occur slowly and unemployment is expected to remain high ...

  • Details emerge about Fort Hood suspect's history 7 Nov 2009 05:12 GMT
    ... former boss. Authorities on Friday seized Hasan's home computer, searched his apartment and took away ... a professional healer now suspected of cutting down the fellow soldiers he was sworn to help. Relatives ... little guilt that I was basically giving housing to someone who is going to do ...

  • Fort Hood suspect said his goodbyes before rampage 7 Nov 2009 00:10 GMT
    ... Texas, dead. Investigators examined Hasan's computer, his home and his garbage Friday to learn what ... a professional healer now suspected of cutting down the fellow soldiers he was sworn to help. Relatives ... little guilt that I was basically giving housing to someone who is going to do ...

  • Fort Hood suspect said methodical goodbyes 7 Nov 2009 00:38 GMT
    ... Texas, dead. Investigators examined Hasan's computer, his home and his garbage Friday to learn what ... a professional healer now suspected of cutting down the fellow soldiers he was sworn to help. Relatives ... little guilt that I was basically giving housing to someone who is going to do ...


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