California

The starter home is becoming a myth for many first-time home buyers in the Sacramento market.

Lawmakers approved the first $500 million for the program as a trailer bill to the fiscal 2023 budget. Bonds may be used to fill the gap.

California counties must now work to remove decades-old racist language in property records that once banned people of color from buying homes in neighborhoods across the state.

A chaparral-covered patch of land in southwest Riverside County could soon become a testing ground for a new housing concept.

With resources provided through the Homeowner Assistance Fund, the $1 billion plan will help cover homeowners’ past-due payments and comes after New York unveiled a similar assistance package earlier this month.

CalHFA’s executive director Tiena Johnson Hall discusses her agenda for encouraging affordable housing development in the inventory-strapped state.

Home sales to the top four iBuying companies more than doubled in Southern California this past spring, jumping 123% from the quarter before to an all-time high of 789 homes, a Zillow analysis shows.

Manny Alvarez, the head of California’s Department of Financial Protection and Innovation, told staff that he plans to leave on June 18. Chief Deputy Commissioner Chris Shultz will be appointed to lead the agency on an interim basis.

The defendants face 133 felony counts that include allegedly stealing identities to commit mortgage fraud between 2014 and 2020, resulting in the theft of $15 million.

The busiest season for home buying took off with a bang last month, as fierce competition among buyers drove prices up and sales soared to one of the highest levels in years.