New homes in California are 22% more expensive and 27% larger. Nationwide, new homes are 15% pricier and 16% larger than older homes....
New homes in California are 22% more expensive and 27% larger. Nationwide, new homes are 15% pricier and 16% larger than older homes....
Despite recent stagnation, the market shows potential for growth, especially if interest rates drop.Limited supply and high demand continue to drive prices, reducing the likelihood of a crash....
In Q2 2024, typical home price in California is $806,674. This price is 222% of the typical US home value....
Key data for the S&P/Case-Shiller Home Price Index in San Diego shows recent contract prices for various future dates. As of September 18, 2024, the index for November 2024 is at $451.8, while February 2025 is at $449.6. Other notable prices include $461.0 for May 2025 and $469.2 for November 2025. The day range remains at $0.0, with a 5-day performance of 0.00%. Continue to full article...
Southern California home sales in Mid-Q3 were the second-highest in two years, up 14%. The median home price held steady at a record high of $775K, reflecting a 6% increase....
California’s avg monthly rent is $2,867, straining renters’ budgets and increasing homelessness. Proposition 33 aims to repeal the Costa-Hawkins Act, allowing local rent control expansion....
Critical shortage exacerbates economic, social issues: Particularly severe for lower-income families in urban areas.Rising costs hinder construction: Inflation, interest rates, and red tape drive up prices, especially for low-income housing....
The supply of houses for sale in California has been consistently lagging behind buyer demand, which is expected to continue in 2024.A dramatic crash seems unlikely due to persistent housing shortages; a market correction and stabilization of prices are possible....
San Diego County is set to add 3,226 new rental units by the end of 2024, with 2,016 in the City of San Diego, 369 in Oceanside, and 414 in Chula Vista. Nationwide, over 518,000 new rentals are expected, marking a historic high. Experts highlight the importance of increasing supply to address the housing shortage, although rising costs and inflation may impact future construction. Chula Vista's...
San Diego ranks among the top five cities for annual home price gains, with an 8.7% increase from last year, according to the S&P CoreLogic Case-Shiller Index. Nationwide, home prices rose by 5.4% from April to June. New York leads with a 9% increase, followed by Las Vegas at 8.5%. Over the past five years, San Diego's overall market has appreciated by 72%, with high-tier homes rising by 79%....
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