
Topic
Housing Prices: Why Home Prices Jump From One California Block to the Next
School lines, zoning, Proposition 13 tax locks, and hazard maps set the price gap between two similar California blocks a few hundred feet apart.

School lines, zoning, Proposition 13 tax locks, and hazard maps set the price gap between two similar California blocks a few hundred feet apart.

Housing moves through boom, peak, bust and recovery as credit, prices and expectations chase each other, and California households live with the timing.

California buyers should check state records, the seller's tax exposure under section 6811, the real financials, and the transfer paperwork before closing a business purchase.

A neutral third party holds the money and the deed until every contract term is met. Here is what happens inside those 30 to 60 days.