California Real Estate Tax Cuts - Should You Be Taxed Up to 25 % for Moving?

Real estate trade associations, including the california association of riltors, says absolutely not. Over 20 percent of those surveyed stated they planned to move based on job changes, financial challenges or additional space requirements. The bill will cause unintended consequences for the market by reducing the number of homes available for sale. In january 20 22, new home me listings continued to drop by double digits with listings declining from 13 thousand 301 in january 20 21 to just shy of ten thousand in december 20 21.