This summer, California tenants paid ↑43% > the national avg. The tenants paid $1,958/mo, second-highest in the nation after Hawaii. US avg rent was ↑21% to $1,369/mo in the same period....
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LA City Council's Vote: Lift zoning restrictions for affordable housing on public and city-owned land. It will expand affordable housing on civic-purpose-focused city-owned land by removing zoning and density restrictions....
Thanksgiving is commonly known to commemorate the colonial Pilgrims’ harvest meal that they shared with Wampanoag Indians in 1621But it wasn’t a holiday until 1853 that Abraham Lincoln declared it a national holiday and kept Thanksgiving as the last Thursday in November.In many American households, the Thanksgiving celebration centers on cooking and...
In November 2023, buying a home is a difficult process with high mortgage rates and a low housing supply. However, following certain steps in 2024 could make it easier for homebuyers. Tips to consider include waiting until the second half of the year when there is potential for interest rate cuts, shopping for a mortgage online, and buying when ready instead of trying to time the rate...
New home builders in California aim to incorporate desirable features and amenities into their properties. Buyers are encouraged to share their preferences and ideas with builders, even if they seem unconventional. Discussing floor plans and flexibility is essential, considering how your needs may evolve over the next decade....
In October 2023, the inventory of homes for sale continued to grow late into the season, with 2.0% fewer homes actively for sale on a typical day compared to the same time in 2022. The total number of unsold homes, including homes that are under contract, decreased by 3.7%, and newly listed homes were 3.2% below last year's levels. The median price of homes for sale remained stable at last...
The median home price in San Bernardino County decreased slightly in October compared to the previous month. However, it increased compared to the same time last year. The price per square foot of homes for sale also went up. Listings in the county took longer to sell compared to the national average, and there were fewer new listings in October. Median home prices in the Riverside-San...
Fresno: Median house price of $420K, known for affordable housing. Tuolumne: Median house price of $418.3K, with a lower cost of living. Shasta: Median house price of $389K, affordable with lower rent....
California home sales are holding steady as both buyers and sellers anticipate the Fed's next move in the upcoming FOMC meeting. California's economy is stronger than expected, but interest rates remain elevated. The CAR report said that mortgage rates will decline starting in Q4 and will gradually improve next year....
In September 2023, Southern California's housing market was dampened by rising mortgage rates, causing home sales and prices to fall. The median price of a home dropped to $725,000, a 1.4% decline from August levels. Home sales in the six-county region fell to 13,051, the second-lowest sales tally for a September in records dating back to 1988. The number of homes for sale increased, which eased...