A new report [pdf] released by the Public Policy Institute of California shows that California's housing market continues to recover from its low at the beginning of 2012. Median home values in the most populous counties have increased by 39 percent since 2012, though they remain 20 percent lower than they were at the market's peak in 2006-2007. >>read more

In recent weeks, we've seen a lot of moves that suggest it may be time to change the way California funds transportation, including the following:

• Board of Equalization Member George Runner has been touting a 21% cut in the gas tax as part of the "fuel tax swap" formula from a few years ago.
• A committee headed by former San Diego City Councilmember Jim Madaffer is looking at how to implement a mileage tax as an alternative to the gas tax.
• Assembly Speaker Toni Atkins has proposed a $52 annual fee on most drivers as a way to raise almost $2 billion for road repairs.

The demise of redevelopment may leave the city of San Diego with a monstrous bill: $271 million to cover the development of its downtown stadium, Petco Park. When the stadium's financing plan was approved in 1998, general obligation bond funds were to be routed through the Center City Development Corp., one of the city's redevelopment agencies.  >>read more

President Obama's proposed 2016 budget, announced last week, includes several nods to development and transportation in California to the tune of over $1 billion. >>read more

Developers in California may have a more difficult time creating mitigation plans in wetland areas as of this year. >>read more