Real Estate News for Saturday, January 7th, 2006

Yay, it's the weekend! Whilst everyone else is relaxing and doing weekend activities, I'm in the office pounding out paperwork and making calls! I'm also reading through the latest in real estate news and sharing it all with you, so here are today's top stories.

Californians in exodus. First time since 1995, state is in high outbound. The gap between the number of people hiring United Van Lines to move them out of California vs. those moving into the Golden State widened again in 2005, reaching 55.7 percent outbound, the household goods carrier announced this week. That's the first time since 1995 that California entered United's "high outbound" category, with 55 percent or more of moves leaving the state. The most significant trends identified by United's annual migration study, based on business booked by the largest U.S. household mover, saw many people moving to new homes in the Southeast and West, apart from California. At the same time, Midwest and Northeastern states experienced an increase in residents leaving. Click here to read more.

Real Estate Questions and Answers with Bob Bruss When one joint tenant dies, the survivor owns the entire property. The deceased's will has no effect on real estate held in joint tenancy with right of survivorship. However, if joint tenants die at the same time, or about the same time, complications can develop. A far better method is to hold title in a revocable living trust. A living trust lets you and your wife specify who will receive ownership of your real estate and other major assets. Click here to read more.

California housing advocates disappointed with bond plan. Affordable housing advocates planned to ask California voters as early as this year to approve a real estate fee or other permanent source of revenue to address the state's chronic housing shortage. But with no consensus on where to find the money, and potential opposition from the real estate industry and the public, housing advocates changed course. They hoped to piggyback on a massive public improvement plan that could go to voters in June. Then, last week, Gov. Arnold Schwarzenegger unveiled an ambitious public works plan with no money for affordable housing. That set the stage for a debate with the Democratic leaders of the Legislature, Senate President Don Perata of Oakland and Assembly Speaker Fabian Nunez of Los Angeles, who included housing in their own public improvement bond proposals. "We're disappointed" at not being included in Schwarzenegger's proposal, said Chris Bender, spokesman for Housing California, a coalition of more than 1,000 non-profit developers and other housing organizations. Click here to read more.

~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com