Author: admin
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California: Positive Outlook for 2025
Home Sales: Projected to increase by 10.5%, reaching 304,400 units as interest rates drop and more homes enter the market. Median Home Price: Expected to rise 4.6%, bringing the median price to $909,400, supported by high demand and limited supply.
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California multifamily building owners have embraced accessory dwelling units (ADUs)
National REITs and local investor-operators have successfully completed numerous ADU projects and plan to continue expanding. Multifamily owners are converting carports, greenways, and other spaces into entry-level apartments, often within a year. New laws and prefabricated construction methods have facilitated faster building timelines. AvalonBay has added around 50 ADUs in California, with average studio and…
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Real Estate Investing: Essential Tips for Newbies
Conduct detailed inspections to uncover hidden issues and avoid costly repairs later. Select locations with strong amenities and growth potential for successful Real Estate investments.
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Orange County is No. 1 in U.S. for its luxury home price gains
California's housing market remains largely unaffordable, with Orange County experiencing the highest price gains for luxury homes, up 8.2% over the past year. While this marks a cooling trend compared to the previous year's 10% increase, overall home prices in the county rose 7%, down from 8.9%. Other California markets show similar cooling, with luxury…
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California RHNA: Balancing Act Continues
California's RHNA process has not balanced housing supply with demand or improved affordability significantly.The current RHNA quota requires 1.3M new homes by 2029, based on outdated population projections.
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Understanding Tenant Rights: A Guide for Property Managers in Orange County
Managing property rentals in Orange County involves upholding tenant rights to avoid disputes and ensure legal compliance. Key rights include a habitable environment, privacy, protection against discrimination, and fair security deposit handling. Effective communication and prompt responses are crucial. During evictions, legal guidelines must be followed to prevent wrongful claims, fostering trust and enhancing the…
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California Housing Market Forecast for 2025-2026
Growth Expected: Sales and prices are predicted to rise, with median home prices hitting $909,400 in 2025. Lower Interest Rates: A projected drop to 5.9% for 30-year mortgages should drive market activity by easing the "lock-in" effect.
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Southern California Home Prices Defy Sales Slump
The Southern California real estate market is seeing rising home prices despite a sales slump, with the median price reaching around $800,000. The average age of homebuyers is now 56, as younger generations face economic barriers. Luxury properties are in demand, but affordable housing is scarce, causing frustration. Experts foresee ongoing challenges due to economic…
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What’s the Security Deposit Limit in California?
California’s rental security deposit law limits the amount landlords can charge and specifies its allowed uses. Landlords can charge one month’s rent, but smaller landlords can charge up to two months’ rent.
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Most Expensive Housing Markets Of 2030 Revealed — One Tops $1 Million
The cost of living in the U.S. is rising, with home prices increasing by 48.55% over the past decade, now averaging $257,000. Experts predict that by 2030, the average home value could reach around $382,000. States like California, Hawaii, and Washington are expected to see significant appreciation, with California's average home value potentially exceeding $1…