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CA Senate OKs real estate fee to fund more housing

The California state Senate has approved a new fee on real estate transactions to help generate hundreds of millions of dollars for affordable housing. The legislation passed Thursday would impose a $75 fee on documents such as deeds and notices, with a cap of $225 per transaction. The bill now heads to the Assembly. California is facing an affordable housing crunch, prompting lawmakers to look for...

Lopez Lake more than half full for the first time since 2014

Lopez Lake surpassed 50 percent capacity this week for the first time in almost three years. As of Tuesday, the reservoir held 25,887.2 acre-feet of water, or about 52.4 percent of its total capacity (the lake can hold about 49,388 acre-feet). That’s more than twice what was in the lake at the start of the year: on Jan. 1, the lake had an estimated 11,040.7 acre-feet of water, or 22.4 percent...

SLO City Council votes to suspend controversial rental housing inspections

BY NICK WILSON The San Luis Obispo City Council voted unanimously to suspend all new rental housing inspections and work to repeal the existing controversial Rental Housing Inspection Program after a town hall workshop Thursday night. Acting on the input of the majority of roughly 250 people who weighed in at the meeting through facilitated group discussions and public comment, the council directed...

SLO County’s median home price, sales hold steady for December 2016

The number of homes sold in San Luis Obispo County in December matched the number sold in the same month the previous year, while the median sales price of those homes also remained the same ‚ÄĒ $500,000. Total sales ‚ÄĒ including new homes, resale single-family homes and condos ‚ÄĒ tallied 389 in December, the same number of homes sold in December 2015, according to Irvine-based data...

SLO named a ‚Äėhot 15‚Äô real estate market

Realtors have named the San Luis Obispo area one of the 15 hottest real estate markets in the United States. The realtor.com list ranks homes sales markets based on fastest turnover and most listing views. The San Luis Obispo, Paso Robles and Arroyo Grande market placed 13th. In all, eight California locations including San Diego, San Francisco, Santa Cruz and Oxnard, Thousand Oaks and Ventura made...

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