SMALL CALIFORNIA CITIES TOP THE LIST OF HOTTEST U.S. MARKETS
As consumers seek value while remaining near a major metro, the California metros of Vallejo, Yuba City, and Stockton topped our hottest markets ranking. Golden State real estate has seen ups and downs in recent years, and based on this mont...
HOUSING CRUNCH MAKES CALIFORNIA RETHINK SINGLE FAMILY NEIGHBORHOODS
Real estate developer Kevin Khasigian stands in an empty lot near Sacramento's booming downtown. The sound of a jackhammer from a nearby construction site rattles behind him. "We're not in any buildings, just an open field with grass and tra...
ASSESSED VALUE VS. MARKET VALUE: WHAT’S THE DIFFERENCE?
Your home’s value is a huge part of your overall financial picture. It probably represents a good chunk of your net worth, and it’s how those dreaded annual property taxes are calculated. However, if you ever try to look up the value of...
NEW-HOME BUYERS FACE RISING CONSTRUCTION COST CHALLENGES
More house hunters—particularly move-up buyers—are being drawn to new-home construction in the COVID-19 pandemic, so much so that it’s driving a surge in construction across the country. Single-family starts ended 2020 with the best ye...
EXPERTS WEIGH IN ON THE WINTER HOUSING MARKET
The ongoing pandemic has had a vast impact on nearly every industry, and the housing market is no exception. As stay-at-home orders were enacted and financial insecurity loomed large for many in early 2020, the number of both buyers and sellers...
HOUSING STARTS HIT HIGHEST PACE SINCE 2006
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 e...
PROPOSITION 19: PROPERTY TAX EXEMPTIONS FROM REASSESSMENT
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...
THE CALIFORNIA 2021 HOUSING MARKET FORECAST: 9 EXPERT PREDICTIONS
#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 ...
PANDEMIC HOUSING & DESIGN TRENDS THAT AREN’T GOING AWAY
Home trends come and go, but social distancing and staying at home have ushered in a new way of life—and some of those changes have spurred home trends that are likely to stick around well past the COVID-19 era. “The idea of what is nece...