Mortgage rates in the US experienced the biggest one-week drop since November 2022, leading to a 2.5% increase in loan applications. However, the rising number of all-cash buyers may deepen housing inequality. In October, US employers added 150,000 jobs, a decline from the previous month, with the motor vehicle industry being particularly affected. The job market is expected to continue slowing in the...
Los Angeles: Los Angeles faces soaring housing costs, with a median home price of $916.7K, and $2.7K/mo rents, driven by a diverse economy. Irvine: Irvine, one of California's costliest cities, experiences an 80% higher cost of living than the US avg, driven by steep housing and utility expenses....
The best time to sell a house in Southern California depends on various factors such as location, market conditions, and weather. Generally, the real estate market is slower in winter and picks up in spring. In warmer areas like San Diego and Los Angeles, winter may be a good time to sell due to less competition. In colder areas like Sacramento and Fresno, spring may be better. It's recommended to...
Moving to California has many benefits, but is it worth it? Consider the cost of living. California's avg home value is $744,280, significantly higher than the national median. High housing costs hinder homeownership, making it attainable for just 16% of Californians....
The statewide median home price in September was $843,340, ↓ 1.9% MoM but ↑ 3.2% yearly. Housing supply remains tight, with unsold inventory limited to 2.8-mo. Active listings have declined for six consecutive months....
California cities, including San Diego and LA, among priciest to live. Contributing factors: Housing affordability Regional prices vs. national avg...
Mortgage rates have dipped, making it more affordable to become a homeowner. However, it's important to consider factors such as credit score, debt, and savings before making a decision. It may be better to wait if your finances are not in good shape. CD interest is taxable and should be reported to the IRS. The super rich have habits such as setting goals, avoiding debt, learning new things, and...
California home sales in October remained flat due to high borrowing costs and limited housing inventory. Existing, single-family home sales totaled 241,770, a slight increase from September but a decrease of 11.9% compared to October 2022. The statewide median home price was $840,360, down 0.4% from September but up 5.3% from October 2022. Year-to-date home sales were down 27.2% in October. The decline...
10. Kern: - Median price: $380K 9. Tulare: - Median price: $370K 8. Del Norte: - Median price: $365K 7. Kings: - Median price: $361K...
California needs to build 3.5M new homes by 2025. Land-use regulations make it difficult to build new housing in many parts of California. 30% of California land could be used to build new homes, but only 1% is currently being used for housing development....