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We’re Influencing California State Legislation and Housing Affordability

It’s all about housing affordability in California. We along with 2,498 fellow REALTORS® ascended upon our state capital, to discuss our clients needs to improve the home buying and selling landscape for all our neighborhoods. It get’s down to affordability.

The Citrus Valley Association of REALTORS® Senior Staff, Committee representatives along with a few local, hand picked REALTORS® headed the legislative and lobbying initiative to the steps of our states capital. We were blessed to be chosen as your local representatives.

As it stands, California requires 180,000 new home starts per year to manage supply and demand. Today, we have less than 90,000 starts scheduled. This is one of our primary concerns on our push for legislation.

The high cost to a builder in California hit home for us in Upland, Claremont, Pomona, Glendora and surrounding neighborhoods. What was revealed is the builders fees of upwards of $120,000.00 “per door” before a shovel hits the ground. These fees are associated with exorbitant legislative regulations imposed on new home builders. This bureaucracy is out of control.

Riverside Press Enterprise Editor, Richard K. De Atley wrote of this concern in a recent article Are Inland Empire residents locked out of the housing market? This article asserts the concerns that we hear from our buyers daily as their REALTORS®… “homes are too expensive”, “we don’t qualify with our combined income” and “where are the new builds?”. We asserted your concerns with our legislators and pleaded the realities of the housing affordability crisis.

The bills that reach The Governors Desk for signature begin with your needs in our neighborhoods. We are currently in the planning process of bringing local housing affordability initiatives to our valley’s Senators and Assembly persons.

We need you to assist us in influencing these future referendums, please contact us directly @ (909)985-9392.

Kris and Kim Darney – REALTORS® – Grandparents – 714.657.6634 – CA BRE# 01930954; 01464957; 01458057
712,000 US Homes Moved Into Positive Equity in 2017

712,000 US Homes Moved Into Positive Equity in 2017

The average homeowner gained approximately $14,900 in equity during the past year. Compared to Q3 2016, negative equity decreased 22% from 3.2 million homes, or 6.3% of all mortgaged properties. U.S. homeowners with mortgages (roughly 63% of all homeowners) have seen their equity increase by a total of $870.6 billion since Q3 2016, an increase of 11.8%, year-over-year.

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