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Since about 1970, California has been experiencing an extended and increasing housing shortage, [ 1]: 3 such that by 2018, California ranked 49th among the states of the U.S. in terms of housing units per resident. [ 2]: 1 [ 3] This shortage has been estimated to be 3-4 million housing units (20-30% of California's housing stock, 14 million [ 4 ...
Some real estate professionals have warned that the new rules could have a chilling effect on the home-buying market since more buyers may now be expected to come up with cash to pay their own agents.
A short sale is when a mortgage lender agrees to allow a homeowner to sell their home for less than what they owe on the mortgage. A short sale can help you get out of an underwater situation, but ...
t. e. Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, as well as require a 2/3 majority for tax increases ...
San Jose. If you want to buy property in Silicon Valley in the next five years, Cruz suggests considering San Jose. Despite a median sale price of $1,770,000 for single-family homes for sale, Cruz ...
e. California Proposition 19 (2020), also referred to as Assembly Constitutional Amendment No. 11, is an amendment of the Constitution of California that was narrowly approved by voters in the general election on November 3, 2020, with just over 51% of the vote. [ 1][ 2] The legislation increases the property tax burden on owners of inherited ...
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