Thursday, October 25, 2018

Proposition 5 looks to boost supply of homes for sale

Along with below-average construction, housing experts cite a lack of existing homes-for-sale inventory as a major reason for the state’s housing crisis. November’s ballot has a measure aimed at improving that situation, though opponents say it would come at a severe cost to local governments and schools. Proposition 5, sponsored by the California Association of Realtors, would enable what CAR calls Proposition 13 portability. State homeowners 55 years or older or with severe disabilities…

from DIYS https://ift.tt/2PiDzId

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