LAZERSON: Refinance applications are down an astonishing 82% from one year ago, while home-purchase mortgages fell 29%.
The House approved sharply scaled-down legislation targeting the dominance of Big Tech companies by giving states greater power in antitrust cases and increasing money for federal regulators.
The 72-year-old provision in the California Constitution requires local governments to get community approval before developing, buying or funding “low rent housing” – a law that voters across the state will choose whether to repeal in 2024.
Helping to lower these potentially worrisome loans was California's ranking as No. 2 for growth in home equity in the past year.
Historically low mortgage rates fueled the pandemic housing rally, but borrowing costs have more than doubled since starting the year near 3%.
Amazon.com will raise the average starting wage for most front-line employees in warehousing and transportation to more than $19 an hour.
Now, two new laws in California will let developers build housing on land zoned for retail, offices or parking and largely prevent revenue-hungry local governments from stopping them.
Whether the topic is the housing bubble or anything else, even angry debate can be a worthy exercise.
High-end models are selling better than entry-level handsets, say sources.
“California’s bottle bill recycling program has needed fixing for 40 years,” Senate President Pro Tempore Toni Atkins said Wednesday. “When you consider that California generates more than 1 billion wine and liquor bottles every year, that shows what major progress this legislation is and what an impact it will have.”