#california-housing-market

[ follow ]
#real-estate

Where are California's biggest rent hikes?

Despite talks of falling rents, California's housing market remains highly unaffordable, with average asking rents significantly above national levels.

California city has the lowest home turnover rate in the U.S. so far in 2024

California's housing market is tightening due to low homeowner turnover rates, significantly affecting availability for prospective buyers.

Dream home turns into expensive nightmare for family from San Jose

The Spaulding family's dream home quickly became a nightmare due to hidden toxic hazards and extensive repairs.

A tree-damaged' California house is getting astronomical' interest

The Monrovia home, partially destroyed by a tree, is listed at a low price, attracting renovation-focused buyers despite significant repair needs.

A 'tree-damaged' California house is getting 'astronomical' interest

Buying a severely damaged home in California offers both opportunities and challenges, especially with high renovation costs amidst a competitive market.

An LA home that was crushed by a falling tree is on sale for $500K

A damaged California home listed for $499,999 is seeing buyer interest due to high demand in the area, despite being unsafe for habitation.

Where are California's biggest rent hikes?

Despite talks of falling rents, California's housing market remains highly unaffordable, with average asking rents significantly above national levels.

California city has the lowest home turnover rate in the U.S. so far in 2024

California's housing market is tightening due to low homeowner turnover rates, significantly affecting availability for prospective buyers.

Dream home turns into expensive nightmare for family from San Jose

The Spaulding family's dream home quickly became a nightmare due to hidden toxic hazards and extensive repairs.

A tree-damaged' California house is getting astronomical' interest

The Monrovia home, partially destroyed by a tree, is listed at a low price, attracting renovation-focused buyers despite significant repair needs.

A 'tree-damaged' California house is getting 'astronomical' interest

Buying a severely damaged home in California offers both opportunities and challenges, especially with high renovation costs amidst a competitive market.

An LA home that was crushed by a falling tree is on sale for $500K

A damaged California home listed for $499,999 is seeing buyer interest due to high demand in the area, despite being unsafe for habitation.
morereal-estate
#home-affordability

California affordability fixes: 3.5% loans, 50% raises, or 33% home-price cuts?

California's homebuying affordability crisis demands dramatic changes, including lower mortgage rates, higher incomes, or decreased home prices.

California affordability fixes: 3.5% loans, 50% raises, or 33% home-price cuts?

California's housing affordability crisis requires significant changes in rates, income, or prices to improve the current situation.

California affordability fixes: 3.5% loans, 50% raises, or 33% home-price cuts?

California's homebuying affordability crisis demands dramatic changes, including lower mortgage rates, higher incomes, or decreased home prices.

California affordability fixes: 3.5% loans, 50% raises, or 33% home-price cuts?

California's housing affordability crisis requires significant changes in rates, income, or prices to improve the current situation.
morehome-affordability
#real-estate-trends

California apartment permits dip to 12-year low but new home construction rises

The housing market in California is bifurcated, favoring homebuilders for single-family homes while apartment construction declines sharply due to oversupply.

Here are California's spookiest homebuying extremes

California's home prices rose 3%, but there are notable extremes in housing affordability across different regions.
Southern California's market remains strong, contrasting with a decline in the Bay Area.

California apartment permits dip to 12-year low but new home construction rises

In the first half of 2024, homebuilders thrive while apartment construction declines, reflecting contrasting trends in California's housing market.

Want to buy a house in California? Here's which counties have the lowest and highest prices

California's median existing single family home price is $806,490, up 2% from January.
Statewide median home price has increased by almost 10% since February 2023.

California homeownership at highest level since 2010

California's homeownership rate slightly increased to 55.9%, still the third-lowest in the nation.
Homeownership rates in California, Texas, and Florida have seen slight upticks since 2019.

Where is homeownership highest in California?

Inland Empire in California saw a significant increase in homeownership rates from 2019 to 2023.
Affordable housing prices, low mortgage rates, and a shift to remote work contributed to the rise in homebuying in California.

California apartment permits dip to 12-year low but new home construction rises

The housing market in California is bifurcated, favoring homebuilders for single-family homes while apartment construction declines sharply due to oversupply.

Here are California's spookiest homebuying extremes

California's home prices rose 3%, but there are notable extremes in housing affordability across different regions.
Southern California's market remains strong, contrasting with a decline in the Bay Area.

California apartment permits dip to 12-year low but new home construction rises

In the first half of 2024, homebuilders thrive while apartment construction declines, reflecting contrasting trends in California's housing market.

Want to buy a house in California? Here's which counties have the lowest and highest prices

California's median existing single family home price is $806,490, up 2% from January.
Statewide median home price has increased by almost 10% since February 2023.

California homeownership at highest level since 2010

California's homeownership rate slightly increased to 55.9%, still the third-lowest in the nation.
Homeownership rates in California, Texas, and Florida have seen slight upticks since 2019.

Where is homeownership highest in California?

Inland Empire in California saw a significant increase in homeownership rates from 2019 to 2023.
Affordable housing prices, low mortgage rates, and a shift to remote work contributed to the rise in homebuying in California.
morereal-estate-trends
#housing-affordability

For 20% of California, half the paycheck or more goes to housing

California's housing market is unaffordable, with 20% of its population spending over half of their income on housing.

18% of California households enjoy mortgage-free living

California's housing market makes owning a home without a mortgage a rarity; only 18% of households are mortgage-free.

For 20% of California, half the paycheck or more goes to housing

California's housing market is unaffordable, with 20% of its population spending over half of their income on housing.

18% of California households enjoy mortgage-free living

California's housing market makes owning a home without a mortgage a rarity; only 18% of households are mortgage-free.
morehousing-affordability

A Defining Moment For Kamala Harris - Her Actions During Foreclosure Crisis | KQED

Kamala Harris's decision to prioritize homeowner protections over a quick settlement during the subprime mortgage crisis shaped her political identity.
Her actions during the mortgage crisis highlight her commitment to advocating for vulnerable communities.
#luxury-real-estate

These 16 spectacular California homes hit the housing market in 2024. Take a look inside

California's 2024 housing market features diverse, high-value homes with unique historic and architectural significance.

Michael Eisner's $195M Malibu Listing Drops Off Market

A Malibu estate listed for $195 million by former Disney CEO Michael Eisner has been taken off the market after 18 months of seeking a buyer.
The estate was initially listed for $225 million in April 2022 and was in competition to become the priciest home sale in California history.

These 16 spectacular California homes hit the housing market in 2024. Take a look inside

California's 2024 housing market features diverse, high-value homes with unique historic and architectural significance.

Michael Eisner's $195M Malibu Listing Drops Off Market

A Malibu estate listed for $195 million by former Disney CEO Michael Eisner has been taken off the market after 18 months of seeking a buyer.
The estate was initially listed for $225 million in April 2022 and was in competition to become the priciest home sale in California history.
moreluxury-real-estate
#mortgage-rates

Are cheaper mortgages bad news for California's housing market?

Be cautious of falling mortgage rates and the potential impact on the real estate market.

In a first, most California houses sell for over $900,000

California's median house price surpasses $900,000, driven by high prices, rates, and inventory shortage.

Will the Fed cut interest rates at its meeting on Wednesday? Here's what to expect

California consumers may not see significant decreases in interest rates soon.
Mortgage rates are expected to stay high due to sticky inflation.

Are cheaper mortgages bad news for California's housing market?

Be cautious of falling mortgage rates and the potential impact on the real estate market.

In a first, most California houses sell for over $900,000

California's median house price surpasses $900,000, driven by high prices, rates, and inventory shortage.

Will the Fed cut interest rates at its meeting on Wednesday? Here's what to expect

California consumers may not see significant decreases in interest rates soon.
Mortgage rates are expected to stay high due to sticky inflation.
moremortgage-rates

ADU options set to expand in California

BOXABL received approval to sell ADUs in California, aiming to address the affordable housing crisis.
#housing-prices

Fewer Californians, More Homes Yet Housing Prices Go Up

California's increased housing supply has not led to lower prices due to economic factors and a significant number of vacant homes.

Where can you find the cheapest and most expensive homes in California? What's next in 2024?

California's housing market is expected to have a similar first quarter compared to last year, but changes may be on the horizon.
Sales of existing single-family homes in California have been below 300,000 a month and are predicted to continue that trend in the coming months.

Fewer Californians, More Homes Yet Housing Prices Go Up

California's increased housing supply has not led to lower prices due to economic factors and a significant number of vacant homes.

Where can you find the cheapest and most expensive homes in California? What's next in 2024?

California's housing market is expected to have a similar first quarter compared to last year, but changes may be on the horizon.
Sales of existing single-family homes in California have been below 300,000 a month and are predicted to continue that trend in the coming months.
morehousing-prices

Bad news for California renters: Multifamily permits hit 10-year low

Multifamily housing construction in California is at a 10-year low, potentially impacting rental relief for tenants.

A California home's yard is 31% below average size. Where are the biggest lots?

California homeowners live on less land compared to the average American homeowner.
Out of the 301 cities in California, only 55 have typical lots larger than the out-of-state average.
#affordability

Homeownership suffers in California, US as prices outstrip incomes

Increasing homeownership remains a challenge due to unaffordable housing, with California's rate at a 13-year high in 2023.

Where are California's rent bargains? They're not cheap

California rents are more expensive than the national average, with a median rent of $1,854 per month in the state's 10 cheapest places compared to $1,566 in other markets.
The state's priciest rental communities are primarily known for high-paying technology jobs, with Newport Beach having the highest rent at $3,242 per month.

Homeownership suffers in California, US as prices outstrip incomes

Increasing homeownership remains a challenge due to unaffordable housing, with California's rate at a 13-year high in 2023.

Where are California's rent bargains? They're not cheap

California rents are more expensive than the national average, with a median rent of $1,854 per month in the state's 10 cheapest places compared to $1,566 in other markets.
The state's priciest rental communities are primarily known for high-paying technology jobs, with Newport Beach having the highest rent at $3,242 per month.
moreaffordability

Home insurance at $10,000 a year shows California buyers' pain

Challenges in securing and affording home insurance exacerbate California's already difficult housing market.
[ Load more ]