Connect with us

California

California house prices slashed in multiple cities

Published

on

California house prices slashed in multiple cities


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.

Advertisement

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.

An aerial view of homes in a housing development on September 08, 2023 in Santa Clarita, California. Sellers in some of California’s biggest cities are slashing prices as they try to attract buyers.

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.

Read more: What Is a Mortgage? Types & How They Work

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.

Advertisement

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.

Read more: Find the Lowest Rates From Top Mortgage Lenders

Advertisement

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.

Uncommon Knowledge

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.



Source link

Advertisement

California

Amid angry backlash, serial child molester is rearrested the same day he was set to be paroled

Published

on

Amid angry backlash, serial child molester is rearrested the same day he was set to be paroled


Following major backlash about the scheduled release of a serial child molester through California’s elderly parole program, the 64-year-old is now facing new charges that could keep him behind bars.

News that David Allen Funston was set to be freed was met by outrage among victims, politicians and others. The former Sacramento County district attorney who prosecuted Funston said she was strongly opposed to his release: “This is one I’m screaming about.”

Funston, granted parole earlier this month, was set to be released on Thursday from state prison — but was rearrested that same day on new charges from a decades-old, untried case. The charges he’s facing are from a 1996 case in which he is accused of sexually assaulting a child in Roseville, according to the Placer County district attorney’s office.

In 1999, he was convicted of 16 counts of kidnapping and child molestation and had been serving three consecutive sentences of 25 years to life and one sentence of 20 years and eight months at the California Institution for Men in Chino. The sentences followed a string of cases out of Sacramento County in which prosecutors said Funston lured children under the age of 7 with candy and, in at least one case, a Barbie doll to kidnap and sexually assault them, often under the threat of violence.

Advertisement

He was described by a judge at his sentencing hearing as “the monster parents fear the most.”

Prosecutors in Placer County, at the time, decided not to pursue the case against Funston in Roseville given the severity of the sentences he received in Sacramento County.

But given his scheduled release from state prison, prosecutors decided to file new charges against him. Placer County Dist. Atty. Morgan Gire said “changes in state law and recent parole board failures” led to his improper release.

“This individual was previously sentenced to multiple life terms for extremely heinous crimes,” Gire said in a statement. “When changes in the law put our communities at risk, it is our duty to re-evaluate those cases and act accordingly. David Allen Funston committed very real crimes against a Placer County child, and the statute of limitations allows us to hold him accountable for those crimes.”

He is now being held without bail in the Placer County jail, booked on suspicion of lewd and lascivious acts against a child, according to prosecutors. Funston’s attorney, Maya Emig, said she had only recently learned about his arrest and hadn’t yet had time to fully review the matter.

Advertisement

But she noted that she believes “in the justice system and the rule of law.”

Emig called the Board of Parole Hearings’ decision to grant Funston elderly parole “lawful and just.”

California’s elderly parole program generally considers the release of prisoners who are older than 50 and have been incarcerated for at least 20 continuous years, considering whether someone poses an unreasonable risk to public safety.

In Funston’s case, commissioners said they did not believe Funston posed a significant danger because of the extensive self-help, therapy work and sex offender treatment classes he completed, as well as his detailed plan to avoid repeating his crimes, the remorse he expressed and his track record of good behavior in prison, according to a transcript from the Sept. 24 hearing.

At the hearing, Funston called himself a “selfish coward” for victimizing young children, and said he was “disgusted and ashamed of my behavior and have great remorse for the harm I caused my victims, their families in the community of Sacramento.”

Advertisement

“I’m truly sorry,” he said.

But victims of his crimes, as well as prosecutors and elected leaders have questioned the parole decision and called for its reversal.

“He’s one sick individual,” a victim of Funston’s violence told The Times. “What if he gets out and and tries to find his old victims and wants to kill us?”

A spokesperson for Gov. Gavin Newsom said the governor also did not agree with Funston’s release and had asked the board to review the case. However, Newsom has no authority to overturn the parole decision.

Some state lawmakers also cited Funston’s case as evidence that California’s elderly parole program needs reform, recently introducing a bill that would exclude people convicted of sexual crimes from being considered by the process.

Advertisement



Source link

Continue Reading

California

Video shows skier dangling from chairlift at California ski resort

Published

on

Video shows skier dangling from chairlift at California ski resort


Thursday, February 26, 2026 7:21PM

Skier dangles from ski lift in Big Bear, video shows

BIG BEAR, Calif. — Stunning video shows a skier in Southern California hanging off a ski lift in Big Bear as two others held her by her arms.

The incident happened Tuesday. Additional details about the incident were not available.

At last check, the video had been viewed more than 13 million times on Instagram.

It appears the skier made it to the unloading area unscathed, thanks to her ski lift buddies.

Advertisement

Copyright © 2026 KABC Television, LLC. All rights reserved.



Source link

Continue Reading

California

PPIC Statewide Survey: Californians and Their Government

Published

on

PPIC Statewide Survey: Californians and Their Government


Key findings of the survey include: Five candidates for governor are in a virtual tie heading into the June primary, with affordability emerging as a key issue. Amid concerns about the state budget, solid majorities of likely voters support raising taxes on the wealthiest Californians. Democrats are more enthusiastic than other partisan groups when it comes to voting in congressional elections this year.



Source link

Continue Reading

Trending