California Housing Update – April 2025
San Diego home sales rise 18.5% in March even as statewide market cools
CBS 8 – April 17
"Home sales slowed in March as both buyers and sellers grew more concerned about the ongoing tariff situation and its potential impact on their personal finances," CAR President Heather Ozur said. Sales of existing, single-family homes in San Diego County rose 18.5% from February to March, but are down 4% year-over-year. Neighboring Imperial County saw a sales decline of 4.2% from last month, and dropped 17.9% year-over- year.
California housing crisis spurs lawmakers to propose new building bills
Spectrum News 1 – April 16
The housing crisis is leading lawmakers to write over 20 new bills, said Assemblymember Buffy Wicks, who heads the committee on permitting reform. The bills aim to speed up permitting, reduce fees, and streamline approval processes, including creating exceptions to environmental laws.
Amid questions about his resume, leader of new Los Angeles housing agency plans to depart*
Los Angeles Times – April 16
Ryan Johnson, the new CEO of the new taxpayer-funded Los Angeles County Affordable Housing Solutions Agency, is leaving when his contract ends this fall. Times interviews with board members and a past employer raised concerns about Johnson’s background and the vetting that led to his assuming the job as interim head.
Update on California Housing Laws
Santa Barbara Independent – April 2
As we enter April 2025, it’s crucial to be aware of two significant housing-related laws that just came into effect in California. These new regulations aim to enhance tenant rights and clarify landlord responsibilities. Below is a brief overview of each.
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