Market Updates

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

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

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

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?