Home Sales Increase: Projected rise of 10.5% in single-family home sales, reaching 304,400 units in 2025.Price Growth: Median home price expected to rise 4.6%, reaching $909,400 in 2025 due to high demand.
Before moving into your new home, change all exterior locks and garage codes. Consider a thorough cleaning, set up utility accounts, and update your address with the post office. Ensure all detectors are working and locate important controls. Once settled, establish routines and explore the neighborhood. The FHA's 203(k) program now allows borrowers to include repair costs in their mortgage, with increased loan limits and extended deadlines. Consultants' fees can… Read More »You just bought a home? Here’s what you should do before moving in
Home Sales: Projected to increase by 10.5%, reaching 304,400 units as interest rates drop and more homes enter the market. Median Home Price: Expected to rise 4.6%, bringing the median price to $909,400, supported by high demand and limited supply.
California's RHNA process has not balanced housing supply with demand or improved affordability significantly.The current RHNA quota requires 1.3M new homes by 2029, based on outdated population projections.
Los compradores ahora deben firmar acuerdos con los corredores antes de las visitas a propiedades, lo que requiere una elección cuidadosa de representación.Los compradores negocian las comisiones de los corredores, lo que podría aumentar los costos iniciales ya que no se pueden financiar.
National REITs and local investor-operators have successfully completed numerous ADU projects and plan to continue expanding. Multifamily owners are converting carports, greenways, and other spaces into entry-level apartments, often within a year. New laws and prefabricated construction methods have facilitated faster building timelines. AvalonBay has added around 50 ADUs in California, with average studio and junior one-bedroom units renting for $4 to $8 per square foot, typically leased within 30… Read More »California multifamily building owners have embraced accessory dwelling units (ADUs)
Growth Expected: Sales and prices are predicted to rise, with median home prices hitting $909,400 in 2025. Lower Interest Rates: A projected drop to 5.9% for 30-year mortgages should drive market activity by easing the "lock-in" effect.
If you're looking to buy a home in California, researching mortgage rates is essential. Shopping around with multiple lenders can help secure a better deal. Five affordable cities to consider include Visalia, with a median home value of $236,400; Bakersfield at $247,000; Fresno at $242,000; Modesto at $283,800; and Stockton at $273,400. Each city offers unique attractions and relatively lower property tax rates compared to the state average. Improving your… Read More »Mortgage Rates in California
California’s rental security deposit law limits the amount landlords can charge and specifies its allowed uses. Landlords can charge one month’s rent, but smaller landlords can charge up to two months’ rent.