Geek's Number Talk: Low property taxes = Low inventory

According to a California Association of Realtors market report, people are staying in their homes longer than they used to. Why? Well, among the benefits of longtime homeownership in the Golden State are Proposition 13 protections against property tax hikes. Not to mention you’d have to move out of state to afford a new home!

Property taxes are on the rise, so what can you do?

High housing turnover and sluggish government revenue during the pandemic is leading to spikes in property tax bills. California property owners who stay put are protected by Prop 13. But what about first-time homebuyers trying to make a purchase pencil out? Realtor.com has some suggestions.