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.
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.
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
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.
SACRAMENTO — President Donald Trump may visit California this week as state Attorney General Rob Bonta begins filing expected lawsuits against the president’s new executive orders.
Mr. Trump announced he will be visiting the Southern California fire zone Friday to tour the devastation from the historic wildfires in the Los Angeles area. During his inauguration speech, the president criticized California’s response to the fires.
As the legal battles begin between Democratic state legislators and the president, California’s GOP, including Republicans in Sacramento County, was celebrating on inauguration night.
The Capitol Lincoln Club held an inauguration party in Fair Oaks. Newly elected Sacramento County Supervisor Rosario Rodriguez was part of the crowd.
“Trump reminded us where we were four years ago and where we could be today,” Rodriguez said.
“The Republican Party has never been in a better position to succeed,” Capitol Lincoln Club board member Christian Forte said.
As state Republicans celebrated, Bonta, a Democrat, prepared for legal clashes with the Trump administration, including over plans for mass deportations. Nearly half of the country’s undocumented immigrants live in California.
Following the president’s executive orders, Assembly Speaker Robert Rivas issued a statement saying, “I will always fight for immigrants, especially children because America is a nation of immigrants, and I believe in our country’s promise.”
Besides mass immigration policies, Trump is also seeking to revoke the federal waiver allowing California to ban the sale of new gas-powered cars in 2035. It’s another move expected to end up in court.
“California is only able to do that because the federal government grants us permission to smart that standard and, apparently with Trump’s executive order, he basically campaigned on this as well. He’s ordering the [Environmental Protection Agency] to revoke that authority from California,” said UC Berkeley Professor Ethan Elkind, who is also the director of the climate program at the university’s Center for Law, Energy, and the Environment.
During Mr. Trump’s first term, California sued him more than 100 times.
President Donald Trump announced Monday that he will pull the United States out of the Paris Climate Agreement, streamline permitting for oil and gas drilling and revoke electric vehicle rules.
The claims, which came in his inaugural address and in statements from the White House, are a replay of actions Trump took to roll back environmental rules during his first term from 2017 to 2021.
“We will drill, baby, drill,” Trump said Monday. “America will be a manufacturing nation once again, and we have something that no other manufacturing nation will ever have: the largest amount of oil and gas of any country on Earth, and we are going to use it… we will revoke the electric vehicle mandate, saving our auto industry and keeping my sacred pledge to our great American autoworkers.”
But many of Trump’s efforts to rewrite environmental laws during his first term were overturned by courts or reversed by President Biden after he took office four years ago. As with Trump’s first term, experts are expecting California and other Democratic states to continue now to push to meet the Paris Agreement’s voluntary targets — which aimed to keep the planet from warming more than 2.7 degrees Fahrenheit or 1.5 degrees Celsius from pre-industrial levels — and take other steps to maintain their state environmental laws.
“I think there is going to be more rhetoric about California than impact on California,” said Dustin Mulvaney, a professor of environmental studies at San Jose State University. “California has very strong decarbonization policies and state environmental policies. The concern is all the other states. California can’t tackle climate change alone. But California will use the resources we have to move its targets forward.”
In 2017, former Gov. Jerry Brown helped launch the U.S. Climate Alliance, an organization of states that agreed to work toward the Paris targets by expanding renewable energy, electric vehicles and other areas. Today there are 24 states in the group representing 55% of the U.S. population, including California, Oregon, Washington, Colorado, Arizona, Illinois, New York, Pennsylvania, Michigan, Wisconsin, North Carolina, and most of the New England states.
“We’ve filled the void left by the federal government before and Americans can be sure, we’ll do it again,” said Casey Katims, executive director of the U.S. Climate Alliance, on Friday.
Trump is likely to clash with California on the environment in five main areas: Vehicle emissions, offshore oil drilling, offshore wind energy, water policy and federal aid for wildfires and other natural disasters.
When he was president the first time, Trump denied California permission under the federal Clean Air Act to set pollution standards for cars and trucks that are tougher than national standards, something it has done since the 1960s. Trump also attempted to revoke the state’s ability to set tougher standards at all for cars, trains, trucks or any vehicles.
But he failed to achieve long-lasting change. California sued, and the lawsuit was still pending when Biden took office and restored the state’s powers. A month ago, Biden granted a key waiver to allow California to move forward with state rules to prohibit the sale of new gasoline-powered cars, minivans and pickup trucks starting in 2035. Already, 24% of new vehicle sales in California are electric, with higher percentages in the Bay Area.
After the first clash, California also signed voluntary agreements with five large automakers — Ford, VW, Honda, BMW and Volvo — to adhere to the state’s tailpipe emissions standards through 2026 as a way to ensure consistency when they design and build vehicles.
On offshore oil, Biden signed a sweeping memorandum earlier this month withdrawing all federal waters off California, Oregon and Washington from new offshore oil drilling. Trump said he would overturn it. But Biden used a 1953 law that a federal judge in 2019 ruled cannot be reversed without a vote of Congress. Some Republicans in California, Florida and other coastal states do not support expanding offshore drilling.
On offshore wind, the Trump White House announced Monday that “President Trump’s energy policies will end leasing to massive wind farms that degrade our natural landscapes and fail to serve American energy consumers.”
Trump has opposed wind energy for years, ever since the government in Scotland allowed turbines near a golf course he owned. He has claimed without evidence that wind turbines cause cancer and kill whales.
Gov. Gavin Newsom and Biden pushed hard to build floating offshore wind turbines 20 miles or more off California’s coast to expand renewable energy. Trump could block new leases. But Biden already approved leases with five companies who have paid the federal treasury $757 million for the rights off Morro Bay and Humboldt County. Proposition 4, approved by voters in November, includes $475 million in state funding to expand ports to help build and deploy wind turbines. But the stock prices of some large wind companies fell after Trump’s win in November.
On disaster aid, Trump threatened to deny it to California during a rally in October over disagreements with the state over forest management and water policy.
“We’re not giving any of that fire money that we send you all the time for all the fire, forest fires that you have,” Trump said. “It’s not hard to do.”
Newsom and Democratic leaders, along with a few Republicans, like Rep. Young Kim, R-Anaheim, have said they do not support any conditions being placed on disaster assistance. Trump is scheduled to visit Los Angeles on Friday to tour areas that burned.
“In the face of one of the worst natural disasters in America’s history, this moment underscores the critical need for partnership, a shared commitment to facts, and mutual respect,” Newsom said Monday.
Originally Published:
In summary
Look up how your sheriff responded to questions about their plans to cooperate with federal immigration enforcement.
President Donald Trump’s campaign pledge to ramp up immigration enforcement could put California’s 58 elected sheriffs in the hot seat because of their responsibility to manage local jails. CalMatters surveyed all of California’s sheriff’s about how they plan to navigate the complexities in local, state and federal immigration laws. Here’s what they told us.
CalMatters reached out to the sheriffs by email and website contact forms. When those weren’t available, we called the contact number on their website. Two county sheriffs’ offices — Monterey and San Mateo — did not return calls seeking comment.
For months, Trump allies have signaled that they’d focus initial immigration enforcement on undocumented people who have committed crimes. This month, the House of Representatives passed a bill that would empower immigration agencies to deport people arrested on suspicion of burglary, theft and shoplifting. The bill is expected to pass the Senate.
During the previous Trump administration, then-Gov. Jerry Brown signed a so-called sanctuary law that limits how local enforcement agencies interact with federal immigration officers. At the time, several sheriffs from inland counties criticized the law and embraced Trump’s immigration policies.
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