Steve Spiro’s Blog
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California’s Housing Shortage: Three Decades of Struggles
California's population ↑ 31%, but housing units increased just ↑ 33% from 1990 to 2024. Housing costs surged: home values ↑ 56%, rents ↑ 39%, making California one of the most expensive states.
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Orange County Housing Market: Trends and Forecast 2025
The Orange County housing market in late 2024 shows rising median sale prices and increased home sales, with attached homes up 9.5% and detached homes up 33.3% year-over-year. Despite a slight 0.7% decrease in attached home prices, detached homes have risen by 5.9%. Inventory remains low at 2.4 months, indicating a seller's market. Homes are…
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Priciest to Buy a House by 2030: California
Projected average home price: over $1 million by 2030. High demand due to robust job market.
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Can California’s Existential Insurance Crisis be Solved by New State Regulations?
California property owners are not legally required to carry insurance, but most do for protection against wildfires and other risks. Insurers, facing increasing wildfire threats, are now required to use computer modeling to set premiums and expand coverage in high-risk areas. While some support these changes, Consumer Watchdog criticizes the lack of transparency in rate-setting.…
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Cities With the Fastest-growing Home Prices in the Los Angeles Metro Area
The real estate market remains competitive post-pandemic, with home values in the U.S. averaging $358,761, a 2.3% increase from the previous year. While rising mortgage rates have slowed growth and caused price declines in some areas, others continue to see significant increases. In the Los Angeles-Long Beach-Anaheim metro area, various cities report substantial year-over-year price…
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2025 Compliance Resources for California Landlords
New compliance forms for 2025: Essential updates for California landlords to navigate evolving rental regulations. Key change: AB 2747 requires landlords with 15+ units to report rental payments starting April 2025.
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Check out my new listing Address: Schaffer Idyllwild, CA 92549
Build your dream mountain retreat on this .37 acre lot located on the mountain top paradise of Pine Cove community in Idyllwild. This charming community has everything to offer to those seeking to live in a beautiful, peaceful scenic area surrounded by amazing forest trees and trails, crisp fresh air and endless star gazing nights.…
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Skyrocketing Rents: California Metros Take the Lead
California metros dominate the US rental market, claiming 11 of the 12 highest median rents. California's rental markets are particularly impacted by high demand and limited housing availability.
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Can California’s ADU law be replicated by states facing housing shortages?
California has passed SB 1211, a new law that allows increased construction of accessory dwelling units (ADUs) on multifamily properties to address housing shortages and affordability issues. The legislation permits up to eight detached ADUs per property, significantly expanding previous limits. This change aims to transform underutilized spaces into housing without displacing residents, while also…
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Los Angeles-Long Beach-Anaheim 2025 Housing Forecast
Sales up 4.2%, indicating moderate improvement. Prices rising 5.5%, reflecting steady appreciation.
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