2023

The California Association of Realtors is predicting that single-family home sales will increase by 22.9% in 2024, with the sale of 327,100 homes statewide. Jordan Levine, the group's senior vice president and chief economist, said slower economic growth and cooling inflation will bring down mortgage interest rates, which will spur home sales and create a better housing market for both buyers and...

The avg vacancy rate in California is 8.5%....

High State Income Taxes: California is known for its high state income taxes, which add to the overall cost of living....

The median rental price for a one-bedroom apartment in San Diego is $2,460 a month and for a two bedroom it is $3,260. This is much higher than the national median of $1,511 and $1,865 for one and two bedrooms respectively. The rental prices have decreased slightly compared to last year and there is a record number of supply expected to hit the market this year. AB 12 is headed to Governor Gavin Newsom,...

In August 2023, the median sale price of a single-family home in San Diego County was $1 million, up from $969,020 in July and $886,250 in August 2022. The ratio of new houses for sale to new houses sold was 1.9, and time on the market was 13 days. The statewide median home price was $859,800, up 3.3 percent from July and 3.0 percent from August 2022. Despite persistently high mortgage rates and tight...

H1 2023 witnesses a historic (color-red) 53% yearly in sales, linked to rising interest rates....

California has passed new foreclosure laws that aim to increase homeownership for individual residents and promote affordable housing....

The San Diego City Council's Land Use and Housing Committee met to discuss a proposed response to a San Diego County Grand Jury report that outlined a lack of housing in the region. The response proposed by the City Council includes implementing all but one of the Grand Jury's six findings and six recommendations to improve housing availability, such as working with religious organizations and...

The median home price in California was $832.3K in July, slightly higher than the median of $830.8K in the previous year....

California housing crisis deepens, 16% afford homes at $208K income....