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...
HOW PRE-ELECTION STRESS AND UNCERTAINTY MIGHT INFLUENCE THE HOUSING MARKET
Traditionally, Presidential elections have not made much of a difference in the housing market. This one could be more impactful, according to a recent survey that found most insiders do not believe that, in the long term, it will significantl...
SUBURBAN SHIFT FOR HOME BUILDING IN Q2 2020
The Q2 2020 results of NAHB’s Home Building Geography Index (HBGI) show geographical trends of the home building industry as the novel coronavirus, COVID-19, spread quickly through the United States. Although the pandemic caused widespread ec...
UPDATE ON CORONAVIRUS MARKET IMPACTS | WEEK 8
With the spread of the Coronavirus seemingly slowing down in the past week, the housing market is also offering some glimpses of hope as pending sales remained on the rise and more properties were added to the market. While the impact associate...
UPDATE ON CORONAVIRUS MARKET IMPACTS | WEEK 7
The impacts associated with COIVD-19 are still being tallied and negative reports continue to roll in regarding the depth and breadth of the negative consequences the economy will suffer. It is clear that the difficulties will continue for at l...
HOW WILL CORONAVIRUS CHANGE OUR HOMES ?
We all wonder how COVID-19 will change our lives and habits and whether we will return to our old normal. Confined to our houses, we are also more aware of the space we share and the limitations of our homes, and we reflect on how they could b...
UPDATE ON CORONAVIRUS MARKET IMPACT | WEEK 5
Evidence of the economic consequences of Coronavirus began to roll in in earnest this week. The U.S. economy continues to experience unprecedented increases in joblessness and our first hard evidence on consumer spending, which has accounted fo...