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Tag Archives: California

San Jose Real Estate Market Plateaus

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The housing market in San Jose, California, has been cooling over time and prices have recently flattened. The trends imply a weakening market, according to Kristen Evans, an analyst for Altos Research LLC. “Despite the consistent decrease in the Market Action Index (MAI), we're in a ‘Seller's Market’ where significant demand leaves little inventory available.”

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HUD Settles Discrimination Claim

GFS Capital Holdings, formerly Greenlight Financial Services, settled a claim with HUD regarding discrimination of women on maternity leave. The company agreed to pay a total of $48,000 to individuals against which it allegedly discriminated. HUD investigated Greenlight after a family complained the company denied their refinance loan application because the wife was on maternity leave at the time.

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Job Growth Ramps Back Up in California

After losing 32,000 jobs in January, nonfarm employment rebounded in February, adding 58,800 jobs in February, according to the Wells Fargo Economics Group. February's increase reflected a 2.3 percent growth over the past year, creating a net gain of 345,600 jobs.

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February Home Sales Fall Slightly in California

California single-family home and condominium sales fell 1.4 percent in February from January, and declined 16.1 percent from February, 2013. According to the Real Property Report from PropertyRadar, last month marked the lowest sales for the month of February since 2008.

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California Loses Jobs in January

A report issued by the Wells Fargo Economics Group noted that California lost 31,600 jobs in January—the largest single-month decline in over four years. Non-farm payrolls declined .2 percent during the month of January. The decline from December, 2013 to January, 2014 was the largest one month drop since September, 2009.

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