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SACRAMENTO, Calif. (AP) — California is adopting nearly two dozen laws aimed at preventing and fighting the devastating wildfires that have charred large swaths of the state in recent years and killed scores of people.Democratic Gov. Gavin Newsom announced Wednesday that he had signed the 22 bills, saying several also will help the state meet its clean energy goals.The measures largely enact key recommendations from a June report by a governor’s task force and build on billion in the state budget devoted to preparing for wildfires and other emergencies, Newsom said.Newsom signed the legislation as the state approaches the anniversary of the wildfire that killed 85 people and largely leveled the Northern California town of Paradise last November.It’s just short of the second anniversary of the firestorms that raced through the wine country counties north and east of San Francisco, noted state Sen. Mike McGuire, a Democrat representing Healdsburg in the affected areas. But he said the state is learning from its mistakes.The fires changed the lives of tens of thousands of Californians, but the losses of lives and property “should not go in vain,” McGuire said in a statement. “We have a new normal in California and our state is stepping up.”Several bills encourage communities to adopt standards for making homes and their surroundings more fire resistant. One requires state officials to work with communities in high-risk areas to create a retrofit program to update homes built prior to stricter building codes in 2008.Others address the precautionary power shutoffs that utilities have begun using more frequently to ease the risk of blazes sparked by electric lines, which have ignited some of California’s deadliest wildfires in recent years. One, for instance, will help low-income people receive backup power if they rely on life support equipment.Some increase state regulation of utilities’ wildfire prevention efforts. One of those bills requires an independent third-party to verify the clearing of vegetation from utility lines.Others try to safeguard and streamline communications systems including those used to notify millions of Californians during disasters. Another bill creates the California Wildfire Warning Center, a network of automated weather and environmental monitoring stations that will help officials forecast bad fire weather and better assess the threat.“Given the realities of climate change and extreme weather events, the work is not done, but these bills represent important steps forward on prevention, community resilience and utility oversight,” Newsom said in a statement.Fire officials have blamed global warming for a longer, drier wildfire season that now stretches virtually year-round in parts of the state. Newsom called climate change “a core driver of heightened wildfire risk” and said five of the bills he signed, including one with incentives for using storage batteries, will help California keep its role as a clean energy leader.Several of those bills increase utility regulation by the California Public Utility Commission, while another sets requirements for additional utility safety reviews by the commission.Earlier this year, Newsom signed a law requiring California’s three investor-owned utilities to spend a combined billion on safety improvements and standards. That measure also sets up a billion fund that the companies and utility customers pay into that can be tapped to help pay victims of future wildfires.On Wednesday the Democratic governor vetoed a bill by Republican Assemblyman Jay Obernolte of Big Bear Lake that would have eased the state’s strict environmental laws when building fire safety routes, saying the measure is premature and could bring unintended consequences.Newsom said he would need better information on the number, location and potential impacts of future fire safety road construction projects. 3925
Rising prices and plummeting listings — not to mention a global pandemic, record unemployment and recession — didn’t keep first-time home buyers from the market in the second quarter of 2020.Ordinarily, in April, as the second quarter of the year begins, homebuying season is well underway, and inventory and prices are both rising toward a summer peak. But the second quarter of 2020 was unusual, to say the least.Across the nation and among the most populous metropolitan areas, prices increased modestly in the second quarter and inventory became even more constrained in an already sparse market. Homeowners who’d been planning to sell reconsidered — though listings ticked up slightly in April, they fell sharply in May and June — and people who’d been thinking of buying, at a minimum, took a beat. But real estate professionals scrambled to implement virtual tours and finalize home purchases in parking lots, and market participants, particularly economically secure buyers, cautiously came out of hiding.Lured in part by record low mortgage rates, first-time home buyers made up 35% of existing home sales in June, according to the National Association of Realtors, a higher share than in the past several years. For first-timers who have stability in the COVID-19 economy, and the wherewithal to stomach a highly competitive market, buying can still make sense.In this quarterly report, we analyze median incomes in the first-time home buyer age range (25-44) compared with listing prices among the 50 most populous metro areas to come up with an affordability ratio. Budgeting for a home that costs roughly three times your annual income (an affordability ratio of 3.0) has been a rule of thumb for years, but first-time buyers often have to stretch beyond this to account for higher prices in metro areas and their lower incomes compared with repeat buyers. By weighing the affordability ratio versus home availability in the largest metro areas, we can get an idea of the conditions first-time buyers are facing when they set out to become homeowners.By looking at both quarter-over-quarter and year-over-year changes, we can get a better picture of the effects of the COVID-19 economy on this year’s homebuying market. The former can provide insight into chronological market responses to the pandemic — our first-quarter affordability report captured data only through March, just the beginning of 2020’s atypical spring season. The latter can show how this year’s second quarter contrasts with similar periods in relatively normal times.Affordability down overallHouses got slightly more out of reach for first-time home buyers in April through June, rising nationally from 4.5 times first-time home buyer income in the first quarter to 4.7 times in the second, and among the 50 largest metros from 5.1 to 5.2 times first-time buyer income. This trend is expected at this time of year. Home prices rise as the housing market heats up in the late spring and summer, but incomes don’t rise in a similar seasonal fashion. If anything, we might’ve expected a more dramatic change, but economic uncertainty on the part of sellers could have kept steeper list price increases at bay.Nine of the 50 metros analyzed bucked this trend and saw affordability improve, but barely, sometimes only by a fraction of a percent.The five most affordable metros for first-time home buyers in the second quarter include Pittsburgh (homes listed at 3.1 times first-time buyer income), St. Louis (3.4), Cleveland (3.5), Hartford, Connecticut (3.5), and Buffalo, New York (3.6). The least affordable, all in California, include Los Angeles, topping the list for the second quarter in a row, with homes listed at 12 times first-time buyer income; San Diego (9.0); San Jose (8.2); San Francisco (7.6); and Sacramento (6.6).First-time buyer guidance: Homes get less affordable in late spring to early summer, and in this regard, the second quarter of 2020 is no different. First-time buyers who are economically secure may be able to make up for the rise in home prices by qualifying for record low mortgage rates. For example, the monthly payment on a 0,000 mortgage at 4.1% interest — roughly the average rate a year ago — is ,160 per month, with 7,483 in interest over the 30-year life of the loan. However, at today’s rate of 3.1%, you’d pay ,025 per month and 8,942 in interest over the life of the loan — nearly ,000 in savings, total, and a 5 monthly break on your payment. Use a mortgage calculator to see what the difference in rates means for your budget.Unseasonal scarcity in the second quarterEven in years when supply is limited, an influx of homes hits the market during the spring homebuying season. Nationally, inventory grew 10% from the first to the second quarter of 2018, and 6% during that period last year. But in 2020, nationwide inventory dipped, albeit slightly, by about 2% quarter-over-quarter.Half of the largest metros in the country saw a decrease in average active listings from Q1 to Q2, with the largest quarter-over-quarter declines in Cleveland (-17%), Louisville, Kentucky (-14%), and Memphis, Tennessee (-14%). However, other large metros saw remarkable increases: San Jose (+62%), Denver (+47%) and San Francisco (+39%), for example. These dramatic climbs helped push the average quarter-over-quarter change among the largest 50 metros to +4%.Stepping back to look at year-over-year changes and how the supply of homes changed from Q2 2019, we found inventory dropped 23% among the 50 largest metros, on average, with 21 metros witnessing a decrease in available homes of 25% or more. Active listings in Las Vegas decreased 8%, the smallest quarterly drop of any metros analyzed and the only one of less than 10%.We’ve been in a strong seller’s market for some time now, as the supply of homes hasn’t kept pace with demand. Having fewer homes hitting the market during the first months of the pandemic only stood to worsen the situation. A highly competitive market has grown even more so, and buyers without room to negotiate could be priced out entirely.First-time buyer guidance: If you’re at all uncertain about your economic security this year and buying would mean an increase in overall housing costs or leave you with no source of emergency funds, you may want to postpone your first home purchase. The low supply of homes means you’re less likely to find a home that checks all the boxes on your wish list. A loss of income, a bout of poor health or caring for a sick loved one could be overwhelming on top of a down payment, closing costs and the expenses associated with moving.Home prices rise, as expectedWe expect prices to rise as the housing market heats up, and if 2020 is sticking to the script in any way, this is it. From the first quarter to the second, national median list prices grew 7% in 2018 and 8% in 2019. This year, they grew 7% nationally, and slightly less, 5%, on average, among the largest metros, quarter-over-quarter.Year-over-year growth was similar, rising about 3%, on average, among the 50 largest metros, after adjusting for inflation.This overall relatively unremarkable growth in prices is one silver lining for first-time buyers. Having a dramatic shortage of homes for sale could drive prices up, but it doesn’t appear that sellers are listing their homes disproportionately higher than last quarter or than at this time last year. That said, list prices are only part of the story, and there’s little doubt that the lack of supply is driving hard bargaining in the negotiation process.First-time buyer guidance: The price you see on a listing doesn’t tell the whole story. If you’re shopping in a seller’s market, be ready to act fast with an offer and compete with other buyers. You may end up paying more than list price, so shopping for homes listed under your max budget will give you a little more wiggle room if you find yourself in a bidding war.Metro spotlight: Cincinnati, Cleveland and ColumbusOhio has three metro areas in our analysis. It was also among the first states to begin canceling large events, declare a state of emergency and issue statewide restrictions to slow the spread of COVID-19. These factors may have played a role in changes in the local housing markets.Cincinnati, Cleveland and Columbus were some of the more affordable populous metros in the second quarter, with home prices averaging 4.7, 3.5 and 4.5 times the median first-time home buyer income, respectively. Even so, all three showed rising prices compared with the same period last year. Median home prices in Cincinnati rose 12%, the third-highest increase of all metros analyzed.But the big story in these Ohio metros is a lack of availability. Though inventory among all metros analyzed fell 23%, on average, compared with last year, it fell 34% in Cincinnati, 33% in Cleveland and 25% in Columbus.When comparing this quarter’s listed homes with last quarter’s, we find a similarly dramatic decrease. Cleveland saw the largest quarter-over-quarter dip in active listings among all metros analyzed: inventory fell 17% from the first quarter. Active listings fell 10% in Cincinnati and 7% in Columbus at the time of year when most markets would typically be flooded with home listings.The one thing saving buyers from being completely locked out of homeownership: affordability. So while finding a home will prove tricky due to a lack of inventory, homes on the market are more likely to be within budget for first-time buyers.Analysis methodology available in the original article, published at NerdWallet.More From NerdWalletMortgage Outlook: A Light Lift to September RatesSmart Money Podcast: Lower Mortgage Rates, and Moving During a PandemicMortgage Outlook: Recession Presses Down on August RatesElizabeth Renter is a writer at NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. 9901

SACRAMENTO, Calif. (AP) — California police say a man brandished what they later learned was a fake gun during a standoff that resulted in the evacuation of a hotel. The Sacramento Bee reported guests were evacuated from a Comfort Inn in Red Bluff early Saturday during a standoff between police and a domestic violence suspect. The Red Bluff Police Department said in a release that 21-year-old Christian Sandoval-Perez of Corning faces multiple charges including child abuse and domestic violence. Officers went to the hotel’s second floor and encountered Sandoval-Perez with a gun. He held off police for more than 75 minutes. 637
SACRAMENTO, Calif. (AP) — California sued Tuesday to block the Trump administration from cancelling nearly billion for the state's high-speed rail project, escalating the state's feud with the federal government.The Federal Railroad Administration announced last week it would not give California the money awarded by Congress nearly a decade ago, arguing that the state has not made enough progress on the project.The state must complete construction on a segment of track in the Central Valley agricultural heartland by 2022 to keep the money, and the administration has argued the state cannot meet that deadline. That line of track would be the first built on what the state hopes will eventually become a 520-mile (837-kilometer) line between San Francisco and Los Angeles.But Democratic Gov. Gavin Newsom says the move is retribution for California's criticism of President Donald Trump's immigration policies."The decision was precipitated by President Trump's overt hostility to California, its challenge to his border wall initiatives, and what he called the "green disaster" high-speed rail project," the state said in the lawsuit.California was not expected to tap the 9 million the Trump administration has revoked until 2021. If the lawsuit is not resolved before then, the election could put Democrats in the White House and Congress who may be friendlier to the project.The lawsuit faulted the Trump administration for halting cooperation with the state on granting environmental clearances for the project. It said terminating the funding would "wreak significant economic damage on the Central Valley and the state."Newsom told reporters the administration is "after us in every way, shape or form." But he expressed confidence the state will win in court."Principles and values tend to win out over short-term tweets," Newsom said.The lawsuit highlighted a series of tweets Trump sent about the project, including one that said California's rail project would be far more expensive than Trump's proposed border wall.That tweet came a day after California led 15 states in suing over Trump's plans to fund the border wall, and hours before the administration first threatened to revoke the rail funding.The Federal Railroad Administration did not immediately respond to an email message seeking comment about California's lawsuit.California has worked for more than a decade on the project to bring high-speed rail service between Los Angeles and San Francisco, but the project has been plagued by delays and cost overruns. It's now projected to cost around billion and be finished by 2033.The state has already spent .5 billion in federal funding, and the Trump administration is exploring whether it can try to get that money back.The lawsuit also asks the court to block the administration from awarding the money to any other project.The lawsuit was filed in the Northern District of California.The dispute over the funding was partly driven by Newsom's remarks in February that the project faced challenges and needed to shift focus. Rail officials had been planning to connect the line under construction in the Central Valley to Silicon Valley, but Newsom has proposed extending the line further north and south into the valley before heading west.The California High-Speed Rail Authority presented a plan in early May that showed it would cost .3 billion to get trains up and running between Bakersfield and Merced by 2028.The board overseeing the project voted Tuesday to further study whether it makes sense financially and otherwise to run early train service on that line. Tom Richards, the vice chairman, noted the board has not yet formally approved the new approach."The board has not been asked for, nor has the board given, any interim service direction to (the project's) management," he said. 3851
SACRAMENTO, Calif. (AP) — Two former Cambodian refugees facing deportation for crimes committed as young adults were among seven people granted clemency Monday by California Gov. Gavin Newsom in his first pardons since taking office in January.Newsom pardoned Kang Hen, of San Jose, who pleaded guilty to being the getaway driver during an attempted armed robbery in 1994. Hen, who was brought to the U.S. when he was 9, surrendered to immigration authorities April 1 after he was notified he was wanted for deportation.The governor, a Democrat, also issued a pardon for Hay Hov, of Oakland, who was convicted of solicitation to commit murder and participation in a street gang in 2001.Hov, a naturalized citizen, was taken into custody by immigration officials in March.Both men immigrated to the U.S. lawfully as children. They petitioned Newsom for pardons, saying they have moved past their troubled youth to become respectable men with jobs and families.Pardons don't automatically halt deportation proceedings, but they eliminate the criminal conviction judges often base their decisions on, according to the governor's office.In Hen's case, a pardon may eventually allow him to stay in the U.S. Hov, whose green card was recently re-instated by a judge, is no longer at risk of deportation."Both men have young children, are the primary income provider for their families, and provide care to relatives living with chronic health conditions," the governor's office said in a statement. "Their deportation would be an unjust collateral consequence that would harm their families and communities."The pardons are a rebuke to President Donald Trump's administration, which has cracked down on immigrants who committed crimes. Since Trump took office, a large number of people have been detained and deported to Cambodia, according to advocates.Newsom's predecessor, Gov. Jerry Brown, pardoned five Cambodian refugees who faced deportation last year.Newsom on Monday also pardoned five other people who had convictions more than 15 years old — including business owners, students and at least one grandparent, the governor's office said. Their crimes ranged from forgery to drug-related offenses.None of those pardoned had multiple felonies and all had completed their sentences, Newsom's office said.Newsom's highest profile use of his clemency powers came in March, when he placed a moratorium on executions for the 737 people on California's death row. His action temporarily halted the death penalty in the state. 2528
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