Category: Uncategorized

California renters may need to spend more to find an apartment that meets their space and location needs, according to a study by RentCafe. A $1,700 monthly budget in California can get a 704-square-foot apartment in some areas, but only a 294-square-foot apartment in others. In New York, the same budget can only afford a…

Orange County, California, has seen a nearly 4% annual increase in apartment rents, leading U.S. markets. San Diego follows with less than a 1% increase, while Los Angeles and the Inland Empire have seen minimal changes. The strong gains in Orange County are attributed to a balance in supply and demand, unlike in other markets…

Despite challenges, well-funded buyers await rate drops to swoop on California homes and rentals. Rent prices in California are currently ↓ and are expected to continue ↓ in 2024. Mixed economic signals for 2024: – Bright spots like energy and jobs outweigh some concerns.

The California housing market is experiencing shifts, with a decline in existing home sales and fluctuations in median home prices. Elevated mortgage interest rates have suppressed sales, while a tight supply of homes has kept prices from falling. Regional variations show declines in sales across major regions and counties, with some areas experiencing significant drops.…

Determining your budget starts with housing costs, especially rent, which affects essentials, savings, and discretionary spending.GOBankingRates used Apartment List's data to find avg rents for various unit types in every state.

Around 36% of California renters reside in mid-sized complexes, below the national average. Large apartment complexes house 25% of renters, but most live in small buildings. California leads in the number of households in large rental complexes, while Massachusetts leads in mid-sized rentals. Many Californian renters live in single-family homes, and 2% live in mobile…

California implemented a new mansion tax earlier this year on property sales above certain thresholds. The tax applies to property sales exceeding $5M, with a 4% rate, and surpassing $10M, with a 5.5% rate.

In Early-Q4, San Luis Obispo County, saw stagnant prices, low sales, and record-low affordability, indicating a possible recession.A household would need an annual income of $221,200 to afford monthly payments of $5,530 at a 7.14% interest rate.

3650 REIT has provided $145 million in loans to support two major development projects in Southern California. Chestnut Properties received $91 million for the construction of Gillespie Field iPark, a 400,000-square-foot industrial facility in San Diego County. Wood Investments Companies secured $54 million for The Ranch at Model Colony, a 200,000-square-foot retail development in Ontario.…

California is known for its high cost of living, but there are more affordable pockets within the state. The Central Valley, including cities like Fresno, Bakersfield, and Modesto, offers significantly lower housing costs compared to coastal cities.