Could some of the most in-demand housing markets be cooling off?
California school bond measure needed to keep homes affordable, builders say
If builders are forced to pay the entire cost for new schools, home prices could jump by $10,000
Construction interests across California are backing a proposed school facilities bond measure they say is needed to keep new homes affordable. Without a new statewide bond, school districts could force developers to pay for the entire cost of building new schools. That could increase the cost of homes by up to $10,000, according to the California Building Industry Association.