Author: admin
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Why Buying a Home in California Outweighs Renting
With a rental cost of $161 per 100 sq ft, California has one of the highest rental prices in the US, with avg rents ~$3K/mo. California homes are spacious, averaging 1,860 sq ft, but buying a home offers better long-term value than renting.
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California Realtors Predicting a Rosier 2025
Home Sales Increase: Projected rise of 10.5% in single-family home sales, reaching 304,400 units in 2025.Price Growth: Median home price expected to rise 4.6%, reaching $909,400 in 2025 due to high demand.
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California home price appreciation is cooling
Prices for starter homes in Riverside and San Bernardino counties fell 0.7% over the past year, marking the first decline in 17 months. This contrasts with a 2.4% increase previously. Luxury home values also cooled, rising 3.6% compared to 5.4% the prior year. Overall, inland prices increased by 0.9%, down from 3.4%. Other California markets…
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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.