The California Association of Realtors reported in May that home sales rose to the highest level in eight months and the statewide median price remained above $800,000. The San Francisco Bay Area experienced the biggest sales lag and price drop compared to the same time last year, but month-over-month sales and prices bounced back in most parts of the Bay Area. Santa Clara and San Mateo Counties...
Andrew Potter, the Clerk of the County Assessment Appeals Board, recently announced that San Diego County residents and businesses who disagree with their property tax assessments for the 2023-2024 Fiscal Year can file an application to appeal their value between July 2 and Nov. 30. Applications and information booklets are available online and in-person, and the deadline for filing an application is 5...
Here’s a list of the top 10 most expensive US markets for short-term rentals: Daily rate of a 3-bedroom rental: Oxnard, CA: $488 Scottsdale, AZ: $394 Austin, TX: $373 Las Vegas, NV: $360 Honolulu, HI: $315 Virginia Beach, VA: $304 Nashville, TN: $299 San Diego, CA: $295 Santa Clarita, CA: $292 Miami, FL: $290...
Rising interest rates in California's housing market are impacting potential home buyers, making it harder to qualify for larger mortgages.Silicon Valley, California's tech-heavy housing market, has seen significant price growth, making homes less affordable for buyers.As a result, buyers are exploring cheaper areas of the state for more affordable...
California's 24-mo streak of rising rents has ended, with the number of empty rental units reaching a 2-yr high. Statewide, rents in California ↓ 0.7% over the past year, marking the first yearly decline since April 2021. Vacancy rates in California ↑, with 5.4% of units being vacant statewide, the highest level since March 2021. The supply of...
In May, California's housing market showed signs of improvement as home sales surged to the highest level in eight months and the statewide median home price notched above $800,000 for the second straight month. Closed escrow sales of existing single-family detached homes totaled a seasonally adjusted annualized rate of 289,460, up 9.8 percent from April and down 23.6 percent from a year ago. The...
Avg Housing Costs: Monthly mortgage cost: $2,548 Studio rent: $1,360 One-bedroom rent: $1,525 Two-bedroom rent: $1,797 Three-bedroom rent: $2,001 Utility costs: Electricity: $124 Gas: $63 Cable and internet: $117 Water: $63Grocery and food costs: Per person : $322.08 Non-restaurant food: $3,865 family of four: $1,288...
The settlement provides new opportunity for >100K denied California tenants. The housing department will audit denials and improve access and the appeal process. California received $5.2B in federal relief funds, but faced criticism for rejecting applications without adequate explanations....
To all great Americans around the world, a very Happy Fourth of July to you all. This day is incredibly significant as the day the United States officially became its own nation. Let’s celebrate America’s birthday with festivals, parades, fireworks and other festive activities.The 4th of July marks the day America became a country where people have a...
Hawaii ranked first with 31.8% of households spending > 30% on housing. Hawaii is also the most expensive state to buy a home, attributed to limited land for development. Other states with high percentages of homeowners with housing cost burdens: California: 29.7% New Jersey: 28.5% New York: 26.4% Connecticut: 26.2% Massachusetts: 25.5% Florida:...
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