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Artist Morgana Welch Surging mortgage rates and still-high home prices are not leaving already demoralized home shoppers much to be thankful for these days. Nonetheless, the housing market remains competitive as demand continues to outpace supply. Would-be buyers with the stomach to stay in the market are gobbling up the limited inventory, especially new homes, as builders continue offering incentives to hopeful homeowners. Click Read More below for more information and video from Altos Research.
California's Land Use Working Paper Series was developed to examine California's housing affordability crisis which has prompted public leaders and citizens alike to examine the policies and practices that shape the state's housing supply
Proposition 19 Proposition 19 went into effect on April 1, 2021, protecting millions of older homeowners, homeowners with severe disabilities, and victims of wildfires or natural disasters. As older homeowners move to senior housing, retirement communities, condos, and smaller homes, more homeownership opportunities will open up in communities throughout California each year for renters, young families, and first-time homebuyers. Proposition 19 allows victims of wildfire or natural disasters to transfer the property tax base of their damaged house to a replacement home anywhere in California. Proposition 19 also frees up inventory by offering these considerations. Click Read More below for more information
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