In 2023, Southern California's residential real estate market is transitioning to a more moderate market, with buyers having more options and bargaining power. Factors influencing housing include rising mortgage rates, inflation, remote work flexibility and affordability challenges. Prices have decreased by 5.3%, creating an opportunity for prospective buyers. Remote work has also influenced...

In September, the median home list price in San Bernardino County was $524,900, a 1% increase from the previous year. The median home size was 1,654 square feet and the price per square foot was $333. Listings in San Bernardino County moved slowly with a median of 51 days on the market. Across the Riverside-San Bernardino-Ontario metro area, median home prices rose to $579,000 and the median home size...

California housing crisis deepens, 16% afford homes at $208K income....

The Southern California housing market is a challenging one for prospective buyers. Prices are high, mortgage rates have increased, and competition is fierce. Bidding wars are not as prevalent as they were two years ago, but the typical house payment has reached an all-time high, resulting in reduced buying power. Home sales have continued to decline due to the rising mortgage rates and a lack of...

This article summarizes four different stories about cities around the world. In San Francisco, CA a new state law will limit the ability of local residents to block dense urban projects. In Bergen, Norway, the world's longest bike tunnel has been completed, and in Colorado, a new front range rail line is gaining steam. Finally, in Portland, Oregon, the Lloyd Center Mall is being redeveloped to...

California homebuyers are facing record-high monthly mortgage payments of $4.3K....

California’s Office market sentiment has turned negative....

Due to the surge in the 10-year Treasury yield, commercial real estate values have declined significantly, with some areas experiencing a drop of 20%. This has caused concern for the state of the market, with mortgage rates rising and returns for property investors decreasing. Analysts from Barclays forecast that office property prices will drop by 30%, multifamily properties will fall by 20%, and...

Backyard tiny homes are increasing in popularity, especially in California....

The housing market in October is not looking any different from the current market, with mortgage rates remaining high and limited inventory. Home prices are also expected to continue to rise, making it even more difficult for buyers to afford. However, despite the challenge, it is still possible to buy a home in October. Continue to full article...