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The ballot measure proposed a California down payment loan program of up to $25B, funded by bonds and repaid through loan income, not taxes.
It said borrowers had to buy a newly built or never-sold home in California, contribute at least 3% down, and could borrow up to 17%.
The measure did not require first-time buyer status, but income could not exceed 200% of local median, with county-based caps and sales-price limits.
Support came from labor groups, a Real Estate trade group, and a state political party; opponents said the measure would subsidize costly construction.
Other terms still needed details, including the second mortgage rate; the policy center said it likely would exceed conventional 30-yr mortgage rates near 7%.

Los Angeles — Most Affordable homes for September 2026.

Listings (sorted by price):
1. Listing WS26163159 — $299,000
2. Listing JT26164075 — $299,500
3. Listing 26856945 — $299,900
4. Listing 26945999 — $305,000
5. Listing 26988223 — $310,000
6. Listing AR26095275 — $345,000
7. Listing DW26107569 — $349,900
8. Listing P1-28904 — $388,888
9. Listing SR26181369 — $410,000
10. Listing PW26206913 — $420,000
11. Listing DW26196716 — $430,000
12. Listing AR26168271 — $439,999
13. Listing TR26149605 — $459,000
14. Listing 26843761 — $459,900
15. Listing 26639429 — $465,000

California homeowners 55+ may transfer an original home's taxable value to a replacement principal residence anywhere in the state, instead of restarting at market value.
To qualify, you generally must be 55+ when the original home sells, use both homes as principal residences, and buy or build within 2 years.
The replacement home can be any value, but staying within the rule's value limits preserves the transfer cleanly; amounts above the limit get added.
If you buy first and sell later, the transfer starts with the later transaction, full-market taxes may apply temporarily, and the state offers no refund.
The benefit remains available, can be used up to 3 times, and requires a county assessor claim within 3 years to protect full relief.

Los Angeles — Most Expensive homes for September 2026.

Listings (sorted by price):
1. Listing 26990781 — $58,500,000
2. Listing 26862229 — $18,195,000
3. Listing 26671665 — $15,900,000
4. Listing 26850463 — $13,995,000
5. Listing 24-350185 — $9,296,000
6. Listing 25603269 — $8,345,000
7. Listing 26671737 — $7,950,000
8. Listing 26844947 — $7,950,000
9. Listing 26988965 — $7,850,000
10. Listing 26865855 — $7,480,000
11. Listing 26873203 — $6,950,000
12. Listing 26669419 — $6,500,000
13. Listing 26848115 — $6,488,000
14. Listing 26717233 — $6,395,000
15. Listing 26871449 — $6,395,000

Encino — Most Expensive homes for September 2026.

Listings (sorted by price):
1. Listing 25619317 — $29,995,000
2. Listing 26659163 — $24,888,000
3. Listing 26807243 — $17,995,000
4. Listing 26851311 — $16,200,000
5. Listing 26810247 — $13,495,000
6. Listing OC26091175 — $13,495,000
7. Listing 26669513 — $12,999,999
8. Listing 26871907 — $11,990,900
9. Listing 26852577 — $11,900,000
10. Listing 26934005 — $10,995,000
11. Listing SR26188888 — $10,975,000
12. Listing 26854353 — $10,245,000
13. Listing SR25171165 — $9,999,500
14. Listing 26832253 — $8,995,000
15. Listing 26989625 — $8,899,500

Indigenous Peoples’ Day celebrates, recognizes, and honors the beautiful traditions and cultures of the Indigenous People
We take a stand for and support the indigenous people on this day.
We should also offer our support to those who invest and uplift the indigenous communities.