Real Estate

America’s falling out of love with its California Dream—and housing costs are a major reason why, report says

We all know people moved during the pandemic; with a newfound ability to work from anywhere, many migrated to the Sunbelt. Between April 2020 and July 2023, Census Bureau data shows the population in the South rose by nearly four million people.

How Prop 19 gutted property tax protections and is worsening California’s housing crisis

Homeownership is the cornerstone of the American dream. For many Californians, however, Proposition 19 is turning that dream into a nightmare, making unaffordable housing more unaffordable.

Will California home and rent prices drop in 2024?

Southern California home prices dipped from November to December, the second consecutive monthly decline after a period of rising values. The average home price in the six-county region clocked in at $825,621 in December, down 0.3% from the prior month, according to data from Zillow.

Newsom administration makes progress on tiny home promise

Nearly a year ago, Gov. Gavin Newsom promised to deploy 1,200 tiny homes to help shelter the state’s growing population of homeless residents. Now, the state has chosen who will build those tiny homes and what they will look like — but there’s still no word on when people will be able to move in.

New California housing laws aimed to streamline building process take effect in 2024

If California wants to build its way out of its long term housing shortage, plenty of things stand in its way in 2024: high interest rates, sluggish local approval processes and a persistent shortage of skilled construction workers, among others. But a slew of housing bills from the 2023 legislative session going into effect on Jan. 1 promise to ease or eliminate some of the other burdens.