Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau. That’s up 27.8% from one year ago, a remarkable figure given the economic effects of the COVID-19 pandemic, per industry officials. “2020 will go down,...
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New Rules on Tax Basis Portability With the passage of Proposition 19, a homeowner who is over 55 years of age, severely disabled or whose home has been substantially damaged by wildfire or natural disaster may transfer the taxable value of their primary residence to: A replacement primary residence Anywhere in the state Regardless...
#1. California Home Prices Will Continue Rising Data reveals that California home prices continued to rise in the last half of 2020 from July to November. But if we look back at August 2020, we will see something even more astonishing – the California Association of Realtors (C.A.R.) reported that the Golden State’s home prices...