Bay Area Market

New home sales increased month over month in August to a seasonally adjusted annual rate of 684,000. This is 6.4% higher than July’s level, but 2.0% below the pace of sales seen in August of last year.

Las Vegas, Florida and Sacramento are the most popular destinations for U.S. residents who are moving to a different metro area.  9 of the 10 top migration destinations are in the Sun Belt; the exception is Spokane.  Los Angeles, New York and Seattle are losing house hunters faster than anywhere else.  Nationwide, 19% of house…

Attorney General Rob Bonta isn’t the first state official to give in to corporations after tough talk about standing up to them. Governors Newsom and Brown did it, too.

California voters will soon decide whether to tax billionaires — but even if a majority says yes, the measure could still lose to either of two billionaire-funded measures designed to cancel it out.  The billionaire-backed group Building a Better California designed two countermeasures to undermine the wealth tax and create multiple ways to defeat it.…

Counties pay out millions for lawsuits after jail deaths, but sheriffs run the jails. A bill awaits Newsom’s signature that could alter that balance of power.

New legislation forces the city and county of Sacramento to collaborate on homelessness. Stakeholders say it could have repercussions California-wide.

Billionaires really don’t want voters to pass Proposition 40. Not only have they poured more than $187 million so far to try and defeat the measure, they’ve also placed two other measures — Prop. 41 and Prop. 42 — on the November ballot. If either of the two pass with more votes than Prop. 40,…

High-intent home shoppers outnumber listings 4.8 to 1, yet many of them remain sidelined by affordability pressures.

Overall, unionized staff and faculty compensation at the California State University is on par with national averages for similar public universities, but about a third of workers’ total salary and benefits are below national averages.

Rising tax breaks haven’t stopped the decline of film and TV jobs in Southern California over the years. Two industry giants merging will likely add to it.