Category: Uncategorized
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New California Bill Could Reduce Solar Savings for Future Home Buyers
AB 942 proposes ending inherited rooftop solar benefits for new homeowners in California, shifting them to lower-paying Net Energy Metering rates starting in 2026. The bill aims to address cost imbalances where non-solar users subsidize grid costs, potentially saving consumers billions. Critics argue it undermines solar investments and clean energy progress by reducing incentives and…
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California Home Sales Decline, Prices Hit Record in Early-Q2
California home sales ↓ 3.4% in April, marking the second consecutive monthly decline. Existing single-family sales totaled ~268K annually, the lowest in three months and below 300K for 31 months.
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California Home Prices Top $910K Amidst Plummeting Sales
California’s median home price hit $910,160 in Early-Q2, but home sales continued to decline. High interest rates and weak consumer confidence are deterring buyers despite low inflation.
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$100 million raised to revitalize East Oakland
Rise East has raised $100 million to revitalize East Oakland, with $50 million from donors and a $50 million match from Blue Meridian Partners. The funds will support affordable housing, wellness centers, and commercial corridors over five years, aiming to empower the predominantly Black community and create lasting positive impact. Leaders emphasize collective effort and…
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Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Happy Flag Day
Flag Day is the American flag's birthday party every June 14th! Flag Day was proclaimed in 1916 but officially recognized in 1949. Talk about a late celebration! Betsy Ross, a seamstress, sewed the first flag. Imagine if designers today made flag-inspired outfits!
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Housing Shortage Tracker: A Forward-Looking Perspective on Housing Supply
Housing inventory is rising, improving affordability in major U.S. markets, but sustained construction and job growth are needed to meet demand. By early 2025, 96% of tracked metros narrowed the housing supply gap, with notable improvements in California and other areas. Urban Honolulu still faces the largest shortage, though it improved from last year. Anchorage…
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How Developers Can Help Address California’s Housing Crisis
California needs 2.5M new homes by 2030, but only 80K homes are built annually. Densification, including ADUs, can increase housing supply without needing additional land.
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What California Can Learn From Texas to Solve Housing Crisis
California renters and homeowners face skyrocketing costs, with 40% of homeowners spending over 30% on housing. Why does Texas thrive while California’s prices soar? Austin’s secret is simple: build more homes.
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Bay Area Housing Market Forecast: What’s Next?
↓5.2% projected decline in Bay Area home values between April 2025 and April 2026 according to Zillow. Gradual market correction is expected rather than a sudden crash.