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Just Sold this listing Address: 6109 Shannon Valley Acton, CA 93510

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View view view and very private in Acton!!!! Easy access from 14 freeway off of Red Rover exit, yet very quiet. Come see this pool house on 2 acres in Acton. A private sanctuary unfolds at the foothills of Acton, offering awe-inspiring vistas that captivate the senses. Picture this: a dwelling that not only boasts a four-car garage but also features a vineyard, a pool room adjacent to the enticing… Read More »Just Sold this listing Address: 6109 Shannon Valley Acton, CA 93510

Southern California has 2 of largest US home-price gains

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Home prices in San Diego, Los Angeles, and Orange counties saw significant increases, with San Diego at 8.7% and LA-OC at 8.2%, according to the Case-Shiller indexes. Overall, 20 cities reported gains, but the annual increase has slowed to 5.4%. High mortgage rates are limiting buyer competition, impacting affordability. Despite a slowdown in price gains and inflation, the gap between home prices and inflation remains larger than historical norms. The… Read More »Southern California has 2 of largest US home-price gains

Real Estate Forecast Next 5 Years California: Crash or Boom?

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California's housing market is expected to face ongoing challenges as it transitions into 2024. A persistent inventory shortage and rising mortgage rates have dampened existing home sales, but a strong job market has prevented significant price drops. The California Association of Realtors predicts a 6.2% increase in median home prices to $860,300 in 2024. Mortgage rates are anticipated to decline, potentially reigniting buyer demand. Emerging trends include the rise of… Read More »Real Estate Forecast Next 5 Years California: Crash or Boom?

State Farm Seeks 38% Rate Hike for California Renters Insurance

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State Farm has requested a 38% rate increase for its California Rental Dwelling Program, affecting over 260,000 renters insurance customers. The insurer plans to non-renew more than 600 policies in high-risk fire areas, citing significant losses from natural disasters. Average post-increase rates will vary, with the lowest at $91 in Modoc County and the highest at $3,509 in Malibu. State Farm is also seeking rate increases for homeowners and condo… Read More »State Farm Seeks 38% Rate Hike for California Renters Insurance

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