Author: admin
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Orange County faces a population exodus. Its housing market couldn’t care less.
Orange County faces a significant housing and affordability crisis, with a recent poll indicating that over half of residents have considered leaving due to high housing costs. Despite its appeal, the average home price exceeds $1.1 million, and many residents are moving inland for more affordable options. The housing market remains competitive, with luxury properties…
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California Forecasts Better Affordability by Year-End
Despite the sales slump, national housing prices remain steady, but slight price drops are seen in California. California's housing expert predicts home prices will fall in the coming months.
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Newsom Awards $790M for Calif. Affordable Housing Development
California is allocating nearly $790 million to develop 2,483 rent-restricted homes across 24 affordable housing projects, alongside initiatives for public transit, bike paths, and pedestrian walkways. The funding, part of the Affordable Housing and Sustainable Communities program, aims to reduce greenhouse gas emissions by situating housing near jobs and schools. Projects include the purchase of…
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Just Sold this listing Address: 6 Autumn Hill Laguna Hills, CA 92653
Welcome to this stunning 3-bedroom, 3-bathroom home, offering an array of desirable features. Enter through the beautifully hardscaped brick courtyard, setting the tone for what lies within. Inside, you'll find newer windows and side-by-side sliding patio doors, freshly painted walls, and timeless granite countertops in the kitchen. The kitchen window and a skylight above the…
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Just Sold this listing Address: 11131 Lindblade Culver City, CA 90230
Rare opportunity to own this beautiful, nostalgic, and charming 3-bedroom single-story home located in the highly sought-after, quiet, and friendly Park West neighborhood in Culver City. This vibrant city is one of the most desirable places to live, close to renowned beaches and marina and bike trails. Known for its award-winning schools and its rich…
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Southern California: High Rates Stall Late-Q2 Sales
Home Sales Decline: Southern California home sales fell 0.8% MoM and 2.7% yearly. Interest Rate Impact: High mortgage rates above 7% influenced the subdued sales pace.
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Saving for a Down Payment
Before saving for a home down payment, calculate the amount needed and set a deadline. Automatic deposits can simplify saving, and cutting expenses can increase savings. Down payment assistance programs may offset costs. The down payment influences affordability, interest rate, loan eligibility, and monthly payment. The minimum down payment depends on the loan program, and…
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California: What a $100K Salary Looks Like After Taxes
Take-home salary for single filers: $72,233 The top tax bracket applies to single filers with a taxable income of $850K or more.
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Orange County Is Undergoing a Slow Office Recovery
The Orange County office sector is experiencing a market turnaround as tenants adjust to new workplace strategies. Net absorption was negative at the start of 2024, with South County seeing the most move-outs. Total vacancy rose to 18.1%, above the pre-pandemic average. Leasing activity remains slow, totaling 1.5 million square feet, below historical averages. Average…
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California’s Economic Landscape: Adapting to Rising Rates
While national economic data suggests a strong economy, many Americans are facing financial challenges. Increased borrowing costs due to the Fed policies are affecting housing affordability, and small business loans.