Here are some of the latest real estate news headlines: Some bay area residents have seen their houses sell for hundreds of thousands of dollars over the listing price. Others have balked at the Bay Area’s high housing costs and have left. On another note, do you think California is ready for a Proposition 13 overhaul? Finally, explore recent home sale prices in Contra Costa County.
Packing up and moving out: Bay Area exodus continues
Efforts to move out of the Bay Area continued in recent months, with 16,000 residents packing up and taking to the road for cheaper housing and new opportunities. A study by real estate brokerage Redfin found the Bay Area remains the top region for outward migration in the country.
The most popular destination for Bay Area refugees remains Sacramento, followed by other tech hubs and California cities. “It’s pretty much in line with what we’ve seen for the past few years,” said Taylor Marr, senior economist at Redfin. “Many people leaving the Bay Area are still looking in California.” Read More…
Is California ready for a Proposition 13 overhaul?
A new ballot initiative that takes aim at how commercial properties are taxed under California’s Proposition 13 could raise $6 to $10 billion more each year for schools and other programs and services, according to a new analysis by the Legislative Analyst’s Office. Read More…
Why Even ‘Ordinary’ Homes Sell for $500,000 Over the List Price
Almost a quarter of U.S. home sales were above the asking price last year, with an average premium of $7,000. These sellers managed to get a lot more. Read More…
Home sale prices from Contra Costa County, Feb. 2
Click Here to explore recent home sales in Contra Costa County.
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