Latest stories on housing
With days to go before the end of a nationwide eviction moratorium, the Centers for Disease Control and Prevention has extended the federal order until June 30. The previous extension was due to expire at the end of March, which was already an amendment to the original end-of-January extension...
Here We Go Again
It may be 2020 but it’s starting to feel like 2018 all over again. A big election is looming and tenant advocates are once again bringing a rent control measure to the California ballot.
It used the be that the “American Dream” was synonymous with home ownership. But Millennials don’t seem to be putting the same emphasis on buying property as previous generations. In fact, the homeownership rate for those currently between the ages of 25 and 34 is 8 percentage points lower than Gen Xers and baby boomers when they were in the same age group, according to a report from the Urban Institute.
As we get ready to say goodbye to 2019, it’s only natural to look ahead. In addition to what is sure to be a heated national political season in 2020, there are several statewide measures in California to keep an eye on, including a possible overhaul of Prop. 13 and another proposition that would allow municipalities to extend rent control to most units that are at least 15 years old.
After ignoring the will of the voters, who just last year decided against loosening statewide restrictions on rent control, California state legislators recently passed a new law that will cap annual rent increases at 5 percent plus inflation.