We are continuing to experience a very active local housing market.
Considering the current environment with the pandemic, vaccines, interest rates, and Prop. 19 we are in for a very interesting year in Real Estate.
In my January Santa Clara Housing Market Update, I break down the last month’s sales and current inventory levels and provide some insight as to where the market may be heading.
On November 3rd, California voters approved Proposition 19, a measure designed to give homeowners more freedom to change residences while closing tax loopholes on inherited properties.
The measure, set to go into effect early next year, has two distinct parts, the first of which allows homeowners who are 55 or older, disabled, or lost their home in a natural disaster to transfer their tax base to a new home up to three times anywhere in California.