Category: Uncategorized
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Orange County Housing Market
Orange County's housing market is experiencing a slower rise in prices, with the median sales price of existing single-family homes hitting $1.4 million in March 2024. Despite a year-over-year decrease, sales volume has grown compared to the previous month. Experts have differing views on the market's trajectory for 2024, citing factors like mortgage rates and…
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Will California’s Avg Home Price Reach $1M?
Experts believe home prices in California may stay below $1M. Increased home sales suggest prices are dropping or steady.
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The price has reduced for this Listing, check it out 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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Check out my new 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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Southern California: Record Highs, but a Glimpse of Relief?
Southern California home prices hit record highs for 3 months straight; the Mid-Q2 increase brought average prices to ~$875K.Low inventory is the culprit behind rising prices; there simply aren't enough homes available to meet buyer demand.
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California: Prices Drop in 7 out of 11 Major Cities
Good news for renters in California: Rents are decreasing in 7 out of 11 major cities yearly, even as national rents rise.Big drops in key markets: Oakland and Sacramento saw the most significant declines, with rents falling over 8%.
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Highest Mortgage Rates Since Late 2023 Dampen SoCal Home Sales
Southern California home sales were affected by high mortgage rates, with the median home price in San Diego County dropping to $1.02 million in May, a 2.1% decrease from the previous month. Despite this, it marked a 9.6% increase from the same time last year. Sales of million-dollar homes rose by 15.5% year-over-year, while those…
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CA Ranks 15th With 7% Home Price Growth
CA home prices are projected to ↑4.6% by Early-Q2 2025, above the national forecast of 3.4%. In the past 12 mo, CA saw ↑7% in price, higher than the national avg of 5.3%.
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Optimism Abounds in CA Housing Market
The CA housing market shows medium to long-term optimism. Population growth and a strong desire among renters to buy homes are boosting housing demand.
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California’s Largest Home Insurer Seeks Dramatic Rate Increase
State Farm, insuring 1 in 5 California homes, seeks to raise home insurance policies by 30%, renters insurance by 52%, and condo insurance by 36%. The proposal aims to recoup losses from wildfires and severe weather. The California Insurance Commissioner questions State Farm's financial condition. If approved, the rate hike would increase annual costs by…