Bakersfield MSA is projected to grow by 1.8% due to affordability and a strong job market. Riverside-San Bernardino MSA also expects 1.8% growth, attracting buyers with lower urban costs.
BWE secured $75,400,000 in financing for seven multifamily properties totaling 582 units across Contra Costa, Santa Clara, and Los Angeles counties. The loans, originated from life company lenders, are permanent, fixed-rate, non-recourse, with terms ranging from five to 10 years. The properties, averaging 95% occupancy, include various apartment types in locations such as Martinez, Pleasant Hills, Canoga Park, Reseda, Hollywood, Santa Clara, and Covina. Continue to full article
California housing prices in 2025 may see declines in some MSAs, with others experiencing growth. High living costs and remote work trends are driving declines in cities like San Francisco and Sacramento.
California home sales dropped to an annualized rate of 262,050, a 6.3% decrease from July. Median home prices reached $888,740, showing a 0.2% increase from the previous month.
More than half a million Californians will face home insurance rate increases for the second time this year. The Auto Club of Southern California has been approved to raise rates by an average of 6.2% for homeowners and 11.6% for condo owners, effective at their first renewal in 2025. Earlier in March, rates increased by 16.2% for homeowners and 55% for condo owners. The insurer has non-renewed over 9,200 customers… Read More »Half a million California homeowners to see second insurance rate hike in a year
California Senate Bill No. 1103, approved on September 30, 2024, extends rights to "qualified commercial tenants" like microenterprises, small restaurants, and nonprofits. Effective January 1, 2025, landlords must meet conditions before charging fees for building operating costs and provide documentation. They must give 30 or 90 days' notice for rent increases and 30 or 60 days' notice for terminations, depending on tenancy duration. Leases negotiated in certain languages must also… Read More »California Expands Residential Tenant Protections to Certain Small Commercial Tenants
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.
Las acciones de la Reserva Federal, como los ajustes de tasas de interés, impactan las tasas hipotecarias al afectar las condiciones económicas.Las tasas hipotecarias a menudo siguen las tendencias de la tasa de fondos federales, pero pueden moverse de manera independiente
Home prices are nearing all-time highs and continue to rise, creating challenges for many households in affording their mortgage payments. Continue to full article