Uncommon Knowledge
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Sellers in some of California’s biggest cities are slashing the price of their homes listed for sale on Zillow, according to the latest data on the real estate marketplace’s app
Read more: How to Sell Your Home
One site shows 15 per cent of all properties listed in the state had price reductions, aimed at attracting hesitant buyers.
As of Thursday morning, there were a total of 83,093 properties—including single- and multi-family homes, townhomes, apartments, condos and lots—in California listed by agents on Zillow, and 3,822 listed by owners and others. Of these, 13,311 listed by agents and 319 listed by owners had a price reduction—roughly 15 percent of all homes for sale in the Golden State.
But the rate of properties for sale with a price reduction was even higher in some of California’s major cities, including Los Angeles, San Francisco, Oakland, San Diego and Sacramento.
Mario Tama/Getty Images
In Los Angeles, one of the most expensive housing markets in the entire country, there were a total of 6,039 properties listed for sale on Zillow, 971 of which had a price reduction. That’s about 16 percent of all homes for sale in the metropolis.
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In another very expensive city, San Francisco, there were 1,358 homes listed for sale on Zillow as of Thursday morning, 216 of which had a price reduction—nearly 16 percent of the total.
In Oakland, a city which has seen an increase of violent crime and other felonies in 2023, there were 888 properties for sale on Zillow, 158 of which had a price reduction—about 18 percent of the total. In San Diego, the percentage of homes for sale with a price reduction was 19 percent, for 286 out of 1,494 listed on Zillow.
In Sacramento, 21 percent of all homes listed for sale on Zillow had a price reduction as of Thursday, for a total of 183 out of 859.
These are the top five cities in California with the largest number of homes for sale and the number of homes with a price reduction. But not all these cities’ housing markets are facing the same situation. In some of these cities, house prices are dropping year-over-year; in others, they’re climbing.
In Los Angeles, the median sale price of a home, according to Redfin, was $970,000 in March, down 1.5 percent from a year earlier. In Oakland, it was $840,000, down 7.7 percent from March 2023.
In San Francisco, the median sale price of a home was $1,415,000 in March, up 4.8 percent year-over-year. In San Diego, it was $931,000, up 6.5 percent from March 2023, while in Sacramento it was $502,500, up 10.2 percent compared to a year earlier.
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At the state level, prices are increasing, mainly due to a historic shortage of homes. According to Redfin, the median sale price in California was $816,800 in March, up 10.1 percent from a year earlier.
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
The most significant seismic event in California’s history – an earthquake of 7.9 magnitude – occurred in 1857 and ruptured about 225 miles on the San Andreas Fault. That earthquake, dubbed the last “Big One,” killed two people and produced shaking that lasted between one and three minutes.
Since then, California has exploded in population and been has been rattled by many major earthquakes. But Californians have also grown familiar with the existential dread of another “Big One” looming.
Researchers have long warned there will be another massive earthquake in Southern California. They just don’t know when.
A recent study says warning signs continue to grow in 2026. The San Andreas and San Jacinto fault systems have reached the highest stress levels seen in the past 1,000 years, according to a study conducted at the University of Hawaiʻi at Mānoa.
The San Andreas fault runs throughout the state, passing through San Francisco and San Bernardino, while the San Jacinto fault is in Southern California and runs through Riverside, San Diego and Imperial Counties.
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Faults rupture on the San Andreas Fault approximately every 150 years, according to UCLA professor Jonathan Stewart, who studies earthquake engineering.
But it’s been over 300 years since the last “large rupture” occurred south of the 1857 Fort Tejon earthquake, Stewart said. “As far we know it didn’t produce a large rupture since around 1690. To the present that’s a lot more than 150 years, so there’s a lot of build-up. That doesn’t mean it’s going to happen immediately, it just means there is more stress built-up.”
When the earthquake happens, it is likely to cause a lot of damage. One major concern is the state’s water systems.
“An earthquake like this would rupture most, if not all of the major aqueducts bringing water into Southern California,” Stewart said. “Most people will not be in a collapsed structure after this earthquake, but everybody’s going to be affected by water problems.”
To investigate the probability of an earthquake occurring, researchers built a physics-based simulation and fed it the earthquake history from the region. By doing so, they were able to estimate how much stress has built up along the southern San Andreas and San Jacinto fault systems.
The results suggest that catastrophe may be near.
“Right now, with stress at historically high levels across the region and more than 160 years elapsed since the last major rupture, the system is in a critically loaded state,” lead author Liliane Burkhard said.
Most importantly, the Cajon Pass, at the junction of the San Andreas and San Jacinto faults, could facilitate a joint rupture of the two faults. This scenario, according to the study, would probably be “significantly more damaging” than a single-fault event.
Seismic hazard assessments are critical for the safety of the millions of residents in California’s densely-populated and earthquake-prone areas.
Seismic Hazard maps show the relative hazard associated with earthquakes using information on past faults, the behavior of seismic waves and the near-surface conditions of specific locations, according to the U.S. Geological Survey.
Larger values indicate a stronger level of earthquake shaking. A peak ground velocity of 269 cm/sec would correspond to extreme shaking and heavy damage. For reference, the largest ground velocity recorded in Taiwan’s 1999 Chi-Chi earthquake reached 318 cm/sec and had a magnitude of 6.7.
That earthquake killed more than 2,000 people and incurred approximately $14 billion in damage.
The San Andreas and San Jacinto faults are strike-slip faults, which typically cause horizontal displacement. Both faults comprise the geologic boundary between the Pacific Plate and the North American Plate.
If a major earthquake occurs on the San Andreas fault, it is likely to produce surface rupture, which occurs when a fault breaks through to the surface. Most earthquakes, however, do not produce surface rupture, according to USGS.
In a major rupture, strong shaking could cause severe damage near the fault and in areas built on soft or water-saturated soils, which can amplify shaking. Rupture can directly offset roads, buildings, and other structures that span the fault trace.
Although the study helps explain the risk associated with the California fault lines, Burkhard emphasized that it shouldn’t serve as a forecast.
“This is not a prediction of when an earthquake will happen,” Burkhard said. “However, studies like this are important contributions to national and global earthquake hazard research in that we are using rigorous, quantitative science to better understand the risk facing millions of people.”
Contributing: Brandi D. Addison, USA TODAY NETWORK
FRESNO COUNTY, Calif. (FOX26) — California lawmakers are now asking the federal government for more than $32 million in emergency funding to stop the spread of an invasive insect that was recently discovered on grapevines sold at Costco stores across the state.
The request comes about a month after Fresno County agricultural officials discovered grapevine plants infested with the glassy-winged sharpshooter, a pest capable of spreading Pierce’s Disease, a deadly infection that can kill grapevines.
In a letter sent to U.S. Agriculture Secretary Brooke Rollins, Sens. Adam Schiff and Alex Padilla joined Reps. Mike Thompson, David Valadao and other members of California’s congressional delegation in requesting $32.2 million in emergency funding to contain and eradicate the pest.
[RELATED] Fresno County grapevine plants shipped to Costco were infested with bugs
Lawmakers say the infected nursery stock was identified Mat 19 by the California Department of Food and Agriculture and the Fresno County Agricultural Commissioner’s Office.
The plants had been distributed to Costco stores in more than two dozen California counties before being sold to customers.
Officials believe some of the infested plants have since been transported to homes in at least 38 counties across the state.
The movement of infested nursery stock into and near key grape-producing regions, including areas critical to California’s winegrape and fresh table grape production, significantly elevates the urgency of this response.
The glassy-winged sharpshooter feeds on grapevines and spreads Pierce’s Disease, an incurable bacterial infection that can destroy vineyards by preventing vines from transporting water.
Lawmakers warned that the pest poses a serious threat to California’s wine and table grape industries.
According to the Wine Institute, California’s wine industry supports 1.1 million jobs nationwide and generates an economic impact of more than $170 billion.
California also produces 99% of the nation’s table grapes, with an annual crop value estimated at $2.59 billion.
If the pest spreads unchecked, the California Department of Food and Agriculture estimates losses associated with Pierce’s Disease and the glassy-winged sharpshooter could exceed $104 million annually.
The requested funding would support emergency response efforts, including tracing the movement of infested plants, surveying affected areas and expanding trapping programs.
Additional funding would also be used for long-term monitoring and eradication efforts over the next several years.
The lawmakers are asking the U.S. Department of Agriculture to immediately release the funding through the Commodity Credit Corporation, arguing that the outbreak meets the federal definition of an agricultural emergency.
Growers have already contributed more than $62 million toward research and mitigation efforts over the past 25 years through industry assessments, according to the letter.
Federal officials have not yet announced whether the funding request will be approved.
An annual pass that’s usually $50 is free in honor of Juneteenth — and to mark the 250th anniversary of the signing of the Declaration of Independence.
Historical buildings are visible at Sonoma State Historic Park, Sonoma, California, May 31, 2026. Until July 6, Californians can download the state historic park pass for free and use it as many times as they want through the end of 2026. (Smith Collection/Gado via Getty Images)
“California doesn’t hide from hard truths and uncomfortable history – in fact, we embrace it and learn from it,” Newsom wrote.
Until July 6, Californians can download the state historic park pass for free and use it as many times as they want through the end of 2026. The pass gives free entry to state historic parks for up to four people.
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The Historian Passport grants entry to more than 30 state historic parks, including parks like Olompali and Malakoff Diggins which, rather than just providing outdoor recreation, also have an educational emphasis on the state’s history.
Many of these parks tell the story of the state’s cultural or indigenous history, from missions and museums to temples and the site that sparked the California Gold Rush.
Newsom made a similar move to make state parks free for Martin Luther King Jr. Day this year, in response to Trump’s decision to eliminate the holiday from the list of fee-free days at national parks across the country, replacing it with his birthday on Flag Day.
You must make an account with the state’s reservation site ReserveCalifornia.com to obtain a Historian Pass. Then, visit the site’s Advance Passes page and select “Special Edition Historian Passport” from the dropdown menu, which will show as costing $0. No payment information is required.
After checking out, you’ll receive an email with an attached PDF version of your Historian Passport.
The state recommends you print off this PDF to present at any California state historic park for free entry, although you may just be able to show the image on your phone too.
Bear in mind that cellphone service may be poor at many state historic parks, so it’s worth screenshotting the PDF to save it as an image on your phone in case you’re unable to search your email.
Looking for free entry to other state parks that aren’t included in the Historian Passport? Consider checking out a parks pass from your local library, which provides these passes as part of the California State Library Parks Pass program.
Bay Area
Sacramento area
Sierra foothills
KQED’s Carly Severn contributed to this report.
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