Housing Crisis Act of 2019 (SB 330) offers more questions than answers By Terry Miller It comes as no surprise that we here in California are in a major housing crisis. Just take a look at the staggering number of homeless men, women and children on Los Angeles County and local city streets. SB 330,…
While low affordability is the biggest obstacle most renters face in becoming homeowners, 14 percent of California renters can afford to purchase a home but are foregoing homeownership partly because they don’t have the financial knowledge to do so, according to research findings by the California Association of Realtors. Of the nearly 6 million California renters…
The median price hit a new high for the second straight month California’s median home price edged higher to another peak in June as year-over-year home sales lost steam for the second straight month, the Arcadia Association of REALTORS® said recently. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted…
Higher wages and lower seasonal home prices combined to push California’s housing affordability higher in the first quarter of 2018, compared to the previous quarter, the Arcadia Association of Realtors said today. The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in the first-quarter of 2018 edged…
Increase in interest rates and tapering prices make great incentives for buyers, for now. The Arcadia Association of Realtors (AAR) says the housing market for spring had a strong start to the year. “California’s spring housing market posted a strong start to the year as existing home sales and median price registered healthy gains…
The Arcadia City Council adopted an Unoccupied Residence Registration Ordinance which will go into effect May 5. The Ordinance establishes regulations and registration requirements for unoccupied residences in the City of Arcadia. The purpose of the registry is to protect neighborhoods from the adverse effects of unoccupied residences that are not adequately maintained and…
While the ordinance was made to contact owners for nuisances, it may also help bolster public safety By Daniel Garay The passage of the new ordinance, which will create a registry of homeowners’ contact information, has received praise from local homeowners associations (HOAs). Ordinance 2346 overhauls regulations the City has on ‘nuisances’ such as…
Forget buying a house, many of us are lucky to find an affordable apartment – with a roommate, or two By Blake Pinto Living in Southern California definitely has perks. Affordable housing is not one of them. According to a 2017 draft report from California’s Department of Housing and Community Development (which is no…
The Arcadia City Council met on Tuesday July 7 to discuss updates to the city’s General Plan. The revisions were compiled by staff, consultants, and an advisory committee, and called for increasing the maximum density in already high-density zoned areas and allowing further mixed-use development. These revisions must meet the requirements of SB 375, an…
