More than 60% of carbon emissions in cities come from buildings, which is just one reason why there’s an international movement to decarbonize real estate through zoning codes, building standards, incentives, and more tools. Read this dispatch from the World Economic Forum annual conference.
Digging deep into the data, the Census Bureau recently found that people are having children later in life. Between 1990 and 2019, the median age of first-time parents rose from 27 to an all-time record of 30. A variety of factors are at play here but the bottom line is more people are having kids in their 30s and 40s instead of their 20s. This shift could also have a significant impact on when new families get into the housing market. The AP has more numbers.
AB 1466 ensures that any discriminatory and/or racist language will be removed from all real estate covenants, as our industry continues to lead the way in building a more inclusive and respectful world.
Speaking of inclusion, SB 263 will require all real estate agents to complete implicit bias training as part of the license renewal process to help us recognize and take actions to address our unconscious prejudices.
AB 44 allows real estate agents to use former legal surnames for their business. This is especially important for agents who get married after building their own brand.
You may have heard about SB 9, which streamlines the approval process for property owners to subdivide and create up to four housing units on a single family lot. What you’re not hearing is that the costs are fairly prohibitive for the average owner.
AB 948 requires every real estate contract to include a notice to buyers that the appraisal of their new home was unbiased and directs buyers to file complaints with the state Dept. of Real Estate (aka, DRE).
And AB 633 will prevent the abuse of partition actions in cases of related parties inheriting a property that one of them wants to sell.
Thanks to California Real Estate magazine for the assist with this breakdown. Read the original article here.
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.
In case you missed it: Last week, the U.S. Census Bureau released detailed results from its 2020 survey, and there were some interesting insights from the numbers. The total U.S. population stands at 331 million, with cities getting denser and rural areas becoming less and less populated.
More Americans identify as multiracial; the Black population grew over 5%; Asian and Hispanic communities grew by 35% and 23%, respectively; and the total white population shrank for the first time in the history of the Census.
But concerns persist that racial and ethnic populations were undercounted, primarily due to immigrants fearful of filling out the form despite the removal of the citizenship question. Nevertheless, America is more diverse than ever before, and that’s a reason to celebrate! Learn more from the AP.
