A coming surge in home sales by aging homeowners should boost local government property tax collections. These gains, however, are likely to be offset by an increase in the transfer of homes from parents to children which, unlike most home sales, does not trigger higher tax payments.
We discuss a new piece, published in a major national publication, that uses Census Data to examine changes in real incomes by percentile at the state level between 1990 and 2014.
We discuss a recent National Association of Counties report on county economies.
We briefly review the data concerning possible overheating in the state's housing market.
Our Fiscal Outlook assumes continued growth in assessed values.
A look at American Communtiy Survey data shows notable movement of lower-income households from California's expensive coastal metro areas to the state's inland metro regions.
We discuss one of the likely consequences of rising California housing costs: intergenerational differences in homeownership and housing costs.