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New Laws Coming To California in 2024

Governor Newsom signed several new bills affecting multifamily housing into law, many of which will go into effect in 2024. See below for a summary of new laws taking effect. AB-1418: Effective January 1st, 2024, tenants will no longer be able to be evicted based on calls to law enforcement, suspected criminal activity or other alleged nuisance activity. SB-712: Effective January 1st, 2024, Tenants will be allowed to charge electric scooters and electric bikes in their apartments as long as the battery meets certain safety standards. SB-4: Effective January 1st, 2024, restrictions on churches, religious organizations and, non-profit colleges will be removed allowing them to build affordable housing on their land. AB-12: Effective July 1st, 2024, tenants will no longer have to pay several month’s rent as a security deposit. This bill caps the amount a landlord can charge to one month’s rent.

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02
The Iran war shocked L.A.'s housing market. Recovery won't be simple

L.A.'s real estate market is historically cold, but some experts say the Iran ceasefire could stabilize mortgage rates and give buyers confidence to return to the market....

The Iran war shocked L.A.'s housing market. Recovery won't be simple
L.A.'s trailblazing home builder is the latest to leave California

KB Home will relocate its headquarters to Arizona by spring 2027, the home-building company announced last week. It comes after a slew of corporations that have fled the state in recent years....

L.A.'s trailblazing home builder is the latest to leave California
AI boom catapults San Francisco median home price above $2 million

Home prices in San Francisco hit a record $2.5 million in March as wealth from the AI boom flowed through the city....

AI boom catapults San Francisco median home price above $2 million
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