California's housing affordability hits a 16-yr low, with less than 1 in 5 homebuyers able to afford a median-priced, single-family home....
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California is a large and populous state with diverse regions, each offering a unique rental market. It is renowned for its stunning landscapes, diverse culture, and thriving job opportunities, but its competitive and often expensive rental market can be daunting for those looking for an apartment. Before embarking on a search, it's important to consider regional differences, high demand, housing...
In August, the median home list price in San Bernardino County was $524,403, down 0.1% from the previous month. Homes had a median of 48 days on the market for listed houses, with 2,076 new listings on the market. Across the Riverside-San Bernardino-Ontario metro area, the median home price fell to $575,500. In California, the median home price was $768,000, and the median American home was $435,450....
California experienced a population decline of ~800K residents between 2020 and 2023....
Discounts surge as market changes, even ultrarich buyers affected....
Despite the increase in the average 30-year mortgage interest rate to 7.31%, last week saw an increase in mortgage applications by more than 5%, according to the Mortgage Bankers Association. A Valley real estate agent, Trevor Halpern, advised that instead of being too focused on the interest rate, homebuyers should consider the bigger picture such as home values and lifestyle lifts. The MBA also...
A comprehensive home inspection is vital when purchasing a home, uncovering hidden issues and preventing unexpected repairs. Qualified inspectors evaluate property conditions, providing an unbiased report to help buyers understand potential risks. Various types of home inspections are conducted, including general assessments and specialized...
In different states, commercial leasing laws and standards may vary, as well as key lease provisions. One important lease provision is the tenant's right to assign their interest in the lease. Landlords typically restrict this right without their prior written consent, as it could potentially lead to a tenant that is unable to make payments or that the landlord does not trust. If the lease is...
California's Senate Bill 35 led to the construction of thousands of new homes. 156 pending and approved housing projects in CA resulted in 18,215 proposed new units due to SB 35....