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Nevada County Association of Realtors to address local housing conditions

The Nevada County Association of Realtors will host an economic session, “Housing Market Conditions,” with state association senior economist Oscar Wei from noon to 2 p.m. Wednesday in Esterly Hall, 336 Crown Point Circle in Grass Valley.

Wei will look at the local housing market and compare it to the state and national market. He’s also going to talk about housing issues within Nevada County that have an impact on the local economy.

“He’s basically going to be talking about the economics in this area and what we have to look forward to in the future as far as housing market and what’s coming up,” association president Amber Thompson said.



Part of Wei’s presentation will focus on the implementation of Proposition 90, an initiative that — under certain conditions — allows homeowners 55 and older to transfer the base year value of their principal home in one county to a newly purchased home in another to prevent an increase in property taxes.

“That’s a topic that’s become very important in the state. … It would help retired people come up here and get a home,” Thompson said.




And of course, Wei will address the housing shortage.

“That’s very big right now, as you can see from all the developments that aren’t going through,” Thompson said. “I hear it every day from people trying to have their children move up here. They’re working up here and living down in Rocklin and places like that.”

The association has invited city and county officials, as well as directors at the Nevada County Economic Resource Council.

To contact Staff Writer Stephen Roberson, email sroberson@theunion.com or call 530-477-4236.


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