August 2021

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California housing market continues to normalize as home sales and prices curb in July Existing, single-family home sales totaled 428,980 in July on a seasonally adjusted annualized rate, down 1.6 percent from June and down 2.0 percent from July 2020.July’s statewide median home price was $811,170, down 1.0 percent from June and up 21.7 percent from July 2020.Year-to-date statewide home sales were up...

Most California homeowners probably have heard about Proposition 19, the new property tax law that allows seniors and disabled homeowners to keep their current property tax rate when they sell their home and buy a new one. But they may not know how to apply this new law when moving to a new home. It’s the state’s largest expansion of property tax benefits in decades, basically allowing...