RED ALERT: SB 231
SB 231 Allows Property Owners to Be TAXED WITHOUT a Vote
URGE YOUR ASSEMBLY MEMBER TO VOTE "NO"
PLEASE CALL TODAY!
THE VOTE COULD BE THURSDAY!
C.A.R. is OPPOSING SB 231 (Hertzberg), a bill that allows local governments to circumvent the State Constitution and Proposition 218 and directly tax property owners for costs related to stormwater infrastructure projects without the legally required voter approval. C.A.R opposes SB 231 because it uses legal "word games" to allow local governments to impose new taxes without required voter input. The bill will be considered by the ENTIRE Assembly as soon as THURSDAY, JUNE 22nd..
Action Items
Call Your Assembly Member TODAY!
Urge a NO Vote on SB 231
Call 1-800-798-6593
Enter the correct PIN Number (see this chart to locate your legislator's PIN number)
followed by the # sign to be connected to your legislator's office.
IF YOU DO NOT SEE YOUR LEGISLATORS NAME LISTED, THAT MEANS THEY ARE NOT TARGETED FOR THIS RED ALERT.
Spring Homebuying Season
Spring homebuying season kicks off strongly as prices and sales propel higher, C.A.R. reports
- Existing, single-family home sales totaled 416,580 in March on a seasonally adjusted annualized rate, up 4 percent from February and up 6.9 percent from March 2016.
- March's statewide median home price was $517,020, up 8 percent from February and up 6.8 percent from March 2016.
- At the regional level, the San Francisco Bay Area, Inland Empire, and Los Angeles metro area all experienced healthy annual sales gains of 6.4 percent, 8.5 percent, and 6.7 percent, respectively.
LOS ANGELES (April 17) – California's spring housing market posted a strong start to the year as existing home sales and median price registered healthy gains in March on both a monthly and annual basis, as did every major region in the state, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Closed escrow sales of existing, single-family detached homes in California remained above the 400,000 benchmark for a full year and totaled a seasonally adjusted annualized rate of 416,580 units in March, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2017 if sales maintained the March pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. The March figure was up 4 percent from the 400,720 level in February and up 6.9 percent compared with home sales in March 2016 of a revised 389,770.
"March's solid sales performance was likely influenced by the specter of higher interest rates, which may have pushed buyers off the sidelines and close escrow before rates moved higher," said C.A.R. President Geoff McIntosh. "The strong housing demand, coupled with a shortage of available homes for sale, is pushing prices higher as would-be buyers try to purchase before affordability gets worse."