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Let's delve into the allure of near seclusion, where a private sanctuary unfolds at the foothills of Acton, offering awe-inspiring vistas that captivatethe 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 pooland spa, and a charming she shed. This residence truly encompasses the epitome of country living. Ascending the stairs reveals three bedrooms,with the… Read More »New Listing: 6109 Shannon Valley Acton, CA 93510

Interest rates affect affordability, leading to fewer buyers and sellers. New laws allow homeowners to build and sell ADUs, potentially increasing housing supply. Proposed legislation aims to curb corporate ownership of residential properties. New construction is on the rise due to limited inventory of existing homes. Other factors such as consumer confidence, elections, and migration from metro areas also impact the housing market. Continue to full article

California allocates over $500M for affordable housing, targeting low-wage workers and veterans. The state faces fierce competition as 240 projects request $3.5B, but only $576M is available. Developers emphasize the high cost of building affordable housing, requiring substantial funding support.

Despite challenges, well-funded buyers await rate drops to swoop on California homes and rentals. Rent prices in California are currently ↓ and are expected to continue ↓ in 2024. Mixed economic signals for 2024: – Bright spots like energy and jobs outweigh some concerns.

After a turbulent year, the California housing market is poised for a rebound in 2024. C.A.R.'s 2024 forecast predicts a 22.9% increase in single-family home sales. Median home prices are expected to rise by 6.2% in 2024 due to persistent housing shortages.

Determining your budget starts with housing costs, especially rent, which affects essentials, savings, and discretionary spending.GOBankingRates used Apartment List's data to find avg rents for various unit types in every state.

In Early-Q4, San Luis Obispo County, saw stagnant prices, low sales, and record-low affordability, indicating a possible recession.A household would need an annual income of $221,200 to afford monthly payments of $5,530 at a 7.14% interest rate.

Home sales rebound: – Existing single-family home sales are expected to ↑ 22.9% yearly in 2024, to 327,100 units. Price hike: – Median home price are predicted to ↑ 6.2% to $860,300 in 2024.

Around 36% of California renters reside in mid-sized complexes, below the national average. Large apartment complexes house 25% of renters, but most live in small buildings. California leads in the number of households in large rental complexes, while Massachusetts leads in mid-sized rentals. Many Californian renters live in single-family homes, and 2% live in mobile homes, RVs, or boats. Continue to full article