If you’re expecting to inherit a home in California, you might need to find a “for sale” sign. That’s because Proposition 19 has made it much harder to keep that house.
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.
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.
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.
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.