Proposition 13, California’s iconic property tax limit, was overwhelmingly approved by California voters 41 years ago and for at least 40 of those years, efforts have been mounted to repeal or change it. Initially, it was attacked in the courts, but survived. Thereafter, pro-spending interest groups — public employee unions,...
US Home Sales Fall 1.7% With Prices High and Supply Low
WASHINGTON — U.S. home sales tumbled 1.7% in June, with rising prices and a scarce supply locking out many Americans from ownership. The National Association of Realtors said Tuesday that homes were sold last month at a seasonally adjusted annualized rate of 5.27 million units. Sales have shriveled 2.2% over...
Home Sales Fall 4.9% in Slow Start to Spring Buying Season
WASHINGTON — Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties. The National Association of Realtors said Monday that home sales fell 4.9% to a seasonally adjusted annual rate of 5.21 million,...