June saw slow home buying, ranking among the bottom 5% since the 1990s. Sales volume (color-green) 15% in 6-mo, but overall purchases (color-red) 20% in a year. California's expensive home prices are driven by surging mortgage rates....
Homeowners insurance rates in California are rising sharply due to climate change. Some insurers are no longer writing new policies in California, leaving fewer options for homeowners. If your policy is non-renewed, you should start shopping for a new policy immediately....
Customize MarketWatch is a platform that allows users to create and manage personalized watchlists of stocks and other financial instruments. Even if no items are added to the watchlist, users can still access recently viewed tickers on the quote page, as well as news, articles, videos and podcasts. Continue to full article...
Atherton 1-yr price change: ↓ 6.7% 5-yr price change: ↑ 22.4% Typical home value: $7.56M...
The San Diego retail market is showing strength despite economic headwinds and uncertainty, with historically low vacancies persisting quarter over quarter. Inflation has proven stubbornly high, however, the unemployment rate in San Diego has remained relatively steady and is below the state and national levels. This year has seen record retail property sales levels in San Diego County and the effect of...
In California, transfer taxes are imposed on the transfer of interests in commercial or residential real property. Equity transfers, such as the purchase of membership interests in an LLC, can result in a "change in ownership" of the entity and trigger transfer taxes....
California has the 2nd highest cost per sq-ft of property in the US. The avg house price in California is ~$774K. The avg size of a house in California is 1,820-sq-ft....
The share of million-dollar homes is growing across the nation's largest metros. San Jose, CA Avg home value: : $1.2M San Francisco Avg home value: $1M...
When deciding whether to move or remodel a home, many factors should be considered, such as the cost of materials, the cost of hiring a contractor, the need for specific features, and the location of the home. Researching home prices and neighborhoods in the area can help determine if it is better to move or remodel. Continue to full article...
When selling real estate, it is important to understand the potential tax burden as the IRS may be entitled to a share of your earnings. If you are selling your primary residence, you may be able to take advantage of the capital gains exclusion, allowing you to exclude some of your profits from taxable income. Depending on the amount of profits and filing status, the exclusion can be up to $500,000 for...
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