California

Just over two weeks ago, California lawmakers were planning to advance some of the most aggressive policies in the nation to combat rising housing costs.

The sluggish Southern California housing market showed signs of perking up in April, as prices ticked up one month after they fell for the first time since 2012.

In the San Francisco and San Jose metro areas, more than a fifth of young adults between the ages of 23 and 37 lived with their parents in 2017, according to a Zillow analysis of U.S. Census data.

San Diego County home sales were down for the 12th month in a row in April, said real estate tracker CoreLogic.

Freddie Mac uncovered a growing number of fraudulent school records and work histories in California, where Fannie Mae also has noted increasing instances of falsified employment information.

The number of renters is growing three times faster than homeowners as would-be homebuyers increasingly are priced out of the market.

Big and bold ideas often bomb out in the Legislature. And the biggest bill of this young session — a proposal to spur high-density housing — just blew up.

While regulation and nonbank competition are spooking some banks, others believe low funding costs and the right relationships can help them succeed.

Even as he blocked a major legislative push to spur more apartment construction around public transit and in wealthy suburbs, state Sen. Anthony Portantino acknowledged the need to address a shortage of housing in California.

Single-family home prices in Orange, Los Angeles and San Diego counties changed course, climbing up in April after falling year-over-year in March.