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The Central Valley in California subsides when groundwater is pumped faster than underground aquifers can be recharged. The Central Valley has been sinking at differing rates since the 1920s and is estimated to have sunk up to 28 feet. [1] During drought years, the valley is prone to accelerated subsidence due to groundwater extraction.
Californians pay the highest marginal state income tax rate in the country — 13.3%, according to Tax Foundation data. But California has a graduated tax rate, which means your rate increases ...
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
(The Center Square) - California quietly doubled down on its termination of single family zoning, ending loopholes that allowed municipalities to block an earlier state law designed to let owners ...
From 1989-1990 The Monterey Hills Development on whole was the subject of the longest civil jury trial in Los Angeles County History due to land subsidence. The Castro firm sued the massive 200-unit Eaton Crest project in Monterey Hills, a structure that was constructed on an unstable 100-foot-deep (30 m) backfill. The Los Angeles Times ...
The MLS is a database of homes for sale in a particular geographic region. When real estate agents list a property for sale, they add it to the MLS database, allowing all agents and brokers in the ...
The Real Estate Commissioner is appointed by the Governor, and serves as the chief executive of the Department of Real Estate. [4] Chika Sunquist was appointed Commissioner of the California Department of Real Estate (DRE) by Governor Gavin Newsom on November 28, 2023, and she assumed office on January 3, 2024. [5]
Subsidence frequently causes major problems in karst terrains, where dissolution of limestone by fluid flow in the subsurface creates voids (i.e., caves).If the roof of a void becomes too weak, it can collapse and the overlying rock and earth will fall into the space, causing subsidence at the surface.