Author: admin
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Tips for Your Upcoming Mortgage Renewal
Initiate discussions with lenders up to 120 days before renewal to compare rates and secure the best termsExplore options beyond your current lender to ensure you're getting the most competitive rate.
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Home Sales Slow Across CA
Home sales in Southern California and statewide slowed in August, with a 2.3% decline in the region compared to last year and a 5.3% drop from July. Los Angeles County saw a 3.2% decrease from July, while Orange County dropped 6.5%. Statewide sales fell 6.3% from July but were up 2.8% year-over-year. The median price…
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California: Expensive Living With Endless Opportunities
California is the most populous US state, with 68% of residents living in coastal areas. California’s cost of living is high, with a median home value of $573,200 and rent of $2,950.
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California’s New Housing Market Targets Wealthy Buyers
New homes in California are 22% more expensive and 27% larger. Nationwide, new homes are 15% pricier and 16% larger than older homes.
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California Housing Market Forecast 2025: A Brighter Outlook?
The California housing market forecast for 2025 predicts increased sales and moderately higher prices, driven by lower interest rates and a loosening of the “lock-in” effect. Approximately 304,400 homes are expected to be sold, marking a 10.5% increase from 2024, with median home prices rising to $909,400. However, affordability remains a challenge, with only about…
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California, Poised for Growth or Crash?
Despite recent stagnation, the market shows potential for growth, especially if interest rates drop.Limited supply and high demand continue to drive prices, reducing the likelihood of a crash.
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California Housing Market Predictions 2025
California's housing market predictions for 2025 indicate a mix of opportunities and challenges. The average home value is currently $773,363, reflecting a 5.1% increase over the past year. While some regions like Los Angeles and Central Valley cities are expected to see modest growth, areas such as San Francisco and Sacramento may experience declines. Economic…
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California Housing Market Cools Down: Is it a Buyer’s Market Yet?
California's housing market is experiencing a slowdown, with home sales in August 2024 dropping to a seven-month low of 262,050, a 6.3% decrease from July. Despite this, median home prices remain stable at $888,740, reflecting a slight increase. Factors contributing to the slowdown include fluctuating interest rates, affordability concerns, and the end of the traditional…
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California’s New Homes: A Solution or Problem?
New home construction in California and beyond fails to solve housing affordability issues. New homes are 40% larger and 80% pricier than existing homes in major cities.
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California Aims for 2.5M New Units by 2031
Critical shortage exacerbates economic, social issues: Particularly severe for lower-income families in urban areas.Rising costs hinder construction: Inflation, interest rates, and red tape drive up prices, especially for low-income housing.