Author: admin

  • Spring Home Buying Tips

    Spring Home Buying Tips

    1. Prepare your budget. 2. Don’t expect prices to crater. 3. Be prepared to negotiate.

  • Home Purchase Sentiment Improves in Early Spring 2023

    Home Purchase Sentiment Improves in Early Spring 2023

    Home purchase sentiment slightly improved in March, but remains near all-time lows. Many think it's a good time to buy a home. More respondents believe home prices will go up in the next 12-mo, creating affordability constraints. Home selling sentiment improved as more feel secure about job loss.

  • California just lost two of its largest property insurers. Now what?

    California just lost two of its largest property insurers. Now what?

    The withdrawal of insurance policies by major companies like State Farm, Allstate, and AIG due to the increasing risks caused by climate change, such as flooding and fires, has had a major impact on individuals in California, including homeowners, homebuilders, and would-be home buyers. To help, United Policyholders and the FAIR Plan offer resources to…

  • Cost of Living in California

    Cost of Living in California

    Avg Housing Costs: Monthly mortgage cost: $2,548 Studio rent: $1,360 One-bedroom rent: $1,525 Two-bedroom rent: $1,797 Three-bedroom rent: $2,001 Utility costs: Electricity: $124 Gas: $63 Cable and internet: $117 Water: $63Grocery and food costs: Per person : $322.08 Non-restaurant food: $3,865 family of four: $1,288

  • Median home price inches closer to $1.79M

    Median home price inches closer to $1.79M

    Home prices in Marin County are slowly recovering from the peak last year, but are still more than 10% below the $2 million mark. The median price for a detached home in May was $1.79 million, and there was a shortage of inventory causing some sellers to think twice about moving. 206 detached homes were…

  • How Much Does It Cost to Renovate a House?

    How Much Does It Cost to Renovate a House?

    The pandemic caused renewed interest in home renovations for remote work and homeschooling. Rising home prices led many to choose home renovation over buying a new home. Renovation costs depend on: Location Materials Labor Complete home remodel costs vary from $10-$275/sq-ft depending on the level of renovation.

  • First Dip in California Rents in Two Years

    First Dip in California Rents in Two Years

    California's 24-mo streak of rising rents has ended, with the number of empty rental units reaching a 2-yr high. Statewide, rents in California ↓ 0.7% over the past year, marking the first yearly decline since April 2021. Vacancy rates in California ↑, with 5.4% of units being vacant statewide, the highest level since March 2021.…

  • California’s Market Highlighted by Growing Interest Rates

    California’s Market Highlighted by Growing Interest Rates

    Rising interest rates in California's housing market are impacting potential home buyers, making it harder to qualify for larger mortgages.Silicon Valley, California's tech-heavy housing market, has seen significant price growth, making homes less affordable for buyers.As a result, buyers are exploring cheaper areas of the state for more affordable housing options.

  • Happy Fourth of July

    Happy Fourth of July

    To all great Americans around the world, a very Happy Fourth of July to you all. This day is incredibly significant as the day the United States officially became its own nation. Let’s celebrate America’s birthday with festivals, parades, fireworks and other festive activities.The 4th of July marks the day America became a country where…

  • Orange County Register reports first decrease in California rents in 2 years coinciding with a 2-year peak in vacancies. –

    Orange County Register reports first decrease in California rents in 2 years coinciding with a 2-year peak in vacancies. –

    The rental market in California has seen a significant shift in the past few months, with rents declining by 0.7% compared to the previous year and vacancy rates reaching a two-year high. This is in stark contrast to the pre-pandemic period when rents were increasing annually by 15%. The increased competition for tenants has led…