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At the time of its IPO, PennyMac had more than 600 employees at its Moorpark, California headquarters, making it one of the largest private employers and biggest tenants in the city. [10] It moved to its current headquarters in Westlake Village in 2015. [11] In 2019, PennyMac surpassed $1 billion in revenue for the first time. [2]
The Cabo system went through a few structural changes before contracting with FLEX MLS software in 2010. Today, it is represents over 90 brokers in the State of Baja California Sur, and is now called MLS BCS (www.mlsinbajasur.com), which operates as a corporation in which each subscriber Broker is permitted to own one voting share. Brokers and ...
The California Dream for All Shared Appreciation Loan program launched in late March, offering qualified first-time home buyers loans worth up to 20% of the purchase price of a house or ...
In a limited-equity housing cooperative there are restrictions on the profits members can earn from selling their share (such as caps on sale price) to meant to maintain affordable housing. [125] Community land trusts are nonprofit corporation that holds land, housing, or other assets on behalf of a neighborhood or community. A community land ...
The DRE was founded in 1917, when the California legislature enacted the nation’s first real estate law. In July 2013, the department briefly merged with the California Department of Consumer Affairs as the Bureau of Real Estate. In January 2018, through Senate Bill 172, it again became an independent department. [3]
The median price for a single-family house in California surpassed $900,000 for the first time ever, according to the California Assn. of Realtors. In a first, most California houses sell for over ...
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The first TCP/IP based wide area network became operational in 1983. The Internet was opened to commercial interests in 1988 and was initially used for e-mail, file transfer and other applications. The first release of the Mosaic Web browser was in late 1994. The stock market crashed in 1987. A recession followed, starting in mid-1990 and ...