People bought fewer new single-family homes in January. According to the Commerce Department, sales in this category dropped 7.8 percent during that month to a seasonally adjusted 593,000 units. That was the lowest level since August 2017, and it was the second...
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Month: February 2018
Proposed ballot initiative would revise California Proposition 13
In 1978, California voters passed a ballot measure that caps property taxes at 1 percent of the property's original purchase price and limits increases to 2 percent per year. Proposition 13 applies to both residential and commercial properties, but a new ballot...
Emotions add to the price tag of homes for first-time buyers
The purchase of a first home in California represents an exciting achievement. People typically work and save toward this goal for a long time, but a study produced by the Federal Housing Finance Agency reveals that first-time buyers pay more than veteran home...
Is your business entry closed to those with disabilities?
Unless you deal with your own disability, there are likely many things you take for granted. Getting out of bed and into the shower on your own, driving yourself to work and even reading this article may take little effort. However, some citizens of California face a...
Barriers to home ownership for younger people
Society may think that young people living in California don't want to buy a home because it would make it harder to buy other things. However, the reasons why younger people don't want to buy a home aren't that out of the ordinary. For instance, many who went through...