What Drives California’s 3% Home Price Jump by 2030?
The "Great Reshuffling" Remote work has caused a significant population shift, stressing housing supply and increasing prices. Home prices in California are projected to rise modestly by 2.97% due to market shifts by 2030.
Can California Maintain a Balanced Budget?
California proposed a balanced budget after two years of deficits to improve financial stability. Rising tax collections have stabilized the state's fiscal outlook, strengthening revenue streams.
How California’s Climate Chaos Hikes Property Taxes
California faces rising property taxes as wildfires increase, leading to costly reassessments. Rebuilding after wildfires restores pre-damage property tax assessments, leading to higher taxes once homes are reconstructed.
Happy Women’s Day
International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote. Things were made official in 1975 when the United Nations […]
Only 23% of California Homes Are Mortgage-Free
California’s 22.8% of homes are mortgage-free, highlighting financial resilience amid rising borrowing costs. Median home value with a mortgage is $750K, compared to $645K for fully paid homes.
California Leads in Sustainable Commercial Projects
California’s commercial building market will grow at 2.53% CAGR, reaching $193.9B by 2034. Market growth is driven by sustainability, smart buildings, flexible workspaces, e-commerce, and mixed-use developments.
Happy Mardi Gras
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California’s Capital Gains Tax: 9 Brackets, 1% to 12.3%
California’s capital gains tax rates mirror income tax rates, with nine brackets ranging from 1% to 12.3%. Single filers pay 12.3% on capital gains over $599K, while married couples pay over $1.2M.
California First-Time Home Buyer Programs
CalHFA offers affordable mortgages, down payment, and closing cost assistance, aiding low-to-moderate-income buyers since 1975. Access FHA, VA, USDA, conventional loans, and Dream For All Shared Appreciation loans for tailored home-buying benefits.
