California

The median price for a single-family home in Marin County, Calif., is more than $1.3 million and at that price only 17% of Marin households can afford to buy.

California's high housing costs are driving poor and middle income people out of their housing like never before. While some are fleeing coastal areas for cheaper living inland, others are leaving the state altogether.

After a strong sales bump in June, the Sonoma County, Calif., housing market declined in July to the slowest pace of sales in seven years.

Affordability concerns influenced a consumer's decision to search for a home in a different city, a Redfin study found.

Apparently, the finance department of the San Francisco Housing Authority can't balance its own checkbook.

In June 2007, the Orange County, Calif., median home selling price hit $645,000 — a high point near the end of that era's crazy, risky lending and home buying insanity. In less than two years, a violent downturn slashed the typical local home's value almost in half.

Doug Bowers said the company has moved beyond past issues, including corporate governance shortcomings and the abrupt departure of his predecessor, and is ready to bring in more loans and core deposits.

Dustin Hoffman has notched a victory in his legal fight over a $3-million investment he made with Jeffrey Yohai, a real estate developer who is the son-in-law of Paul Manafort, the former chairman of Donald Trump's presidential campaign.

Three California men who previously operated Star Reliable Mortgage were ordered to pay $1.1 million in restitution and are facing multiyear prison terms related to a foreclosure rescue scheme.

Bay Area home prices have continued their stratospheric surge, as the low housing supply combined with intense demand last month to further heat up the market.