California is the most populous US state, with 68% of residents living in coastal areas. California’s cost of living is high, with a median home value of $573,200 and rent of $2,950.
New homes in California are 22% more expensive and 27% larger. Nationwide, new homes are 15% pricier and 16% larger than older homes.
Despite recent stagnation, the market shows potential for growth, especially if interest rates drop.Limited supply and high demand continue to drive prices, reducing the likelihood of a crash.
California's housing market is experiencing a slowdown, with home sales in August 2024 dropping to a seven-month low of 262,050, a 6.3% decrease from July. Despite this, median home prices remain stable at $888,740, reflecting a slight increase. Factors contributing to the slowdown include fluctuating interest rates, affordability concerns, and the end of the traditional buying season. Experts suggest that future interest rate decisions and increasing inventory could influence market… Read More »California Housing Market Cools Down: Is it a Buyer’s Market Yet?
Looking for the perfect forever home minutes from everything you and your family will ever need, yet secluded enough to allow you to take in the serenity oozing from gorgeous Lake Balboa? Your search has come to an end, evidenced by this cozy yet bright and spacious beauty perched on a quiet street. Two of the bedrooms of this three-bed, two-bath property are strategically located on one side of the… Read More »Check out my listing Address: 15747 S Cohasset Lake Balboa, CA 91406