Requiring solar panels for all newly constructed residences is good news for investors who finance these systems, if only because it will help keep developers afloat, according to Moody’s Investors Service.
Sonoma County supervisors have signed off on a wide-ranging suite of policy changes intended to encourage construction of more new homes seven months after nearly 5,300 residences were lost here in last year's devastating wildfires.
California lost lower-income residents to other states over a recent 11-year period, while gaining wealthier households from elsewhere in the U.S. The disparity reflects the state's sky-high rents and home prices.
The same story is playing out, over and over: People are flocking to the Bay Area for high-skilled, highly paid jobs, while cashiers and teachers are, increasingly, saying goodbye to a place they no longer can afford.
Los Angeles County and Inland Empire home prices grew at the fastest pace in three years in March, yet another sign that the local housing market is maintaining its punch for a seventh consecutive year.