Author: admin
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Home prices starting to fall in parts of Southern California, data suggests
Housing prices in Southern California are showing some relief for prospective buyers. The median price of a single-family home in the state has decreased by 0.4% from September to October. Ventura County saw the biggest drop in prices, with homes selling for 6.6% less. Los Angeles and Orange counties also experienced significant price drops. However,…
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How much money do you need to live comfortably in Orange County?
Orange County in Southern California has a high cost of living, with housing being the biggest expense. The median home price is around $800,000, and renting a one-bedroom apartment can cost $1,800 to $2,500 per month. Transportation costs, including car payments and parking fees, can add up quickly. Healthcare expenses are also higher compared to…
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USC Forecast Predicts Rising Rents and Commercial Real Estate Financing Struggles – WestsideToday
The University of Southern California’s Lusk Center for Real Estate predicts an upward trajectory in multifamily rents across Southern California over the next two years, signaling potential hurdles for commercial real estate financing. Diop’s forecast talks about the number of people who are leaving the state and California’s affordable housing shortage in the region as…
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Housing Outlook for 2024: Positive for Buyers and Sellers
CAR predicts a better housing market in 2024 due to slower economic growth and cooling inflation. Home prices are rising, the market is stable, and homeownership remains valued by Americans. Housing affordability and elevated interest rates are current challenges.
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California: Top 5 States Most Interested in Property Investment
California ranked in 4th for the states most interested in investing in property. The state averaged ~38.7K monthly searches over the past year. There were 99 searches per 100K population.
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10 Most Affordable Places for Buyers in California
10. Kern: – Median price: $380K 9. Tulare: – Median price: $370K 8. Del Norte: – Median price: $365K 7. Kings: – Median price: $361K
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California Home Sales Remain Muted in October 2023 As Elevated Interest Rates Keep Homebuyers and Sellers on the Sideline, C.A.R. Reports – Mariposa County Home Sales Decline 19% Year-Over-Ye
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…
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California’s Real Estate: The Untold Valuation
California's residential Real Estate exceeds $10T in total value. California's housing market is ~20% of the entire US housing value. California's Real Estate is 150% valuable > Florida's.
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California Housing Shortage: Where to Build New Homes?
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.
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Where Are the Most and Least Affordable US Single-Family Rental Markets?
Examining Rent-to-Income-Ratios by U.S. Metros Since wages are higher in more expensive areas than those in low-cost markets, a more accurate measure of rent affordability is the rent-to-income ratio, which is the portion of income that must be set aside for housing costs each month – regardless of the rent or income level. U.S. Census…