Steve Spiro’s Blog

Accessory Dwelling Units (ADUs) offer a solution to housing affordability challenges. Recent policies like California's AB 1033 bill streamline ADU installation and condo conversion. ADUs offer income potential, appealing to Real Estate investors, especially during economic uncertainty.

California's new law, AB 1033, allows the sale of accessory dwelling units separately from primary residences. This law aims to address California's housing crisis by expanding housing opportunities within existing residential properties.

California dominates the list of the 100 most expensive U.S. zip codes .Atherton, CA, tops the list with a median home price of $7.95M.Beverly Hills, CA (90210), secures the second spot at $6.29M.

Southern California has some of the most expensive ZIP codes for renters and homeowners. The average rent for a two-bedroom unit is $5,581, requiring a salary of $201,000. The costliest ZIP code is Montecito's 93108, with a rent of $10,000 for a two-bedroom unit. The high prices are leading to concerns about a potential California…

The best time to sell a house in Southern California depends on various factors such as location, market conditions, and weather. Generally, the real estate market is slower in winter and picks up in spring. In warmer areas like San Diego and Los Angeles, winter may be a good time to sell due to less…

The statewide median home price in September was $843,340, ↓ 1.9% MoM but ↑ 3.2% yearly. Housing supply remains tight, with unsold inventory limited to 2.8-mo. Active listings have declined for six consecutive months.

Moving to California has many benefits, but is it worth it? Consider the cost of living. California's avg home value is $744,280, significantly higher than the national median. High housing costs hinder homeownership, making it attainable for just 16% of Californians.

California cities, including San Diego and LA, among priciest to live. Contributing factors: Housing affordability Regional prices vs. national avg

Housing prices in Southern California are showing some relief for prospective buyers. The median price of a single-family home in the state has decreased by 0.4% from September to October. Ventura County saw the biggest drop in prices, with homes selling for 6.6% less. Los Angeles and Orange counties also experienced significant price drops. However,…

Orange County in Southern California has a high cost of living, with housing being the biggest expense. The median home price is around $800,000, and renting a one-bedroom apartment can cost $1,800 to $2,500 per month. Transportation costs, including car payments and parking fees, can add up quickly. Healthcare expenses are also higher compared to…