California implemented a new mansion tax earlier this year on property sales above certain thresholds. The tax applies to property sales exceeding $5M, with a 4% rate, and surpassing $10M, with a 5.5% rate....
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2024
San Diego County's rental market has experienced a surprising trend with declining rent prices after years of soaring rents. This decline is viewed as unusual for San Diego, a city known for its historically high rent prices....
San Diego is predicted to be the fourth strongest real estate market in the US in 2024. The forecast expects an 11.0% increase in homes sold and a 5.4% rise in median sales price. This positive outlook is due to the rebound expected in Southern California markets, although historically low sales levels are still a concern. Continue to full article...
Stocks rose this morning as optimism grew about a possible soft landing for the US economy next year. The Dow, S&P, and Nasdaq Composite all experienced gains. The stock market surge comes as investors expect the Federal Reserve to halt its tightening cycle. However, concerns about a recession in 2024 remain. US home prices continued to rise in October, setting new records due to tight supply and...
San Francisco $1M+ homes: 81% San Jose $1M+ homes: 80%...
San Diego County identifies 11 unused properties for affordable housing development. Locations: - Throughout the region, mostly in San Diego City....
The guide to buying a house in San Diego, CA involves understanding your finances, creating a budget, boosting your credit score, planning for down payment and closing costs, getting a pre-approval letter for your mortgage, finding the right real estate agent, researching preferred neighborhoods, starting your house search, checking loan options, and making an offer. Continue to full article...
San Diego is ranked as one of the best places to live in the US. The median home price in San Diego is ~$963K. The city boasts a median household income of $96,246, signaling economic prosperity....
Opinion: Upzoning isn't needed to solve housing crisis Continue to full article...
San Diego Mayor Todd Gloria has approved $15.4 million in funding for affordable housing projects. The money will go towards the city's Bridge to Home initiative, which aims to construct 400 new affordable homes, including 25% designated for homeless individuals. The funding will support five selected projects, including Hillcrest Hall, Humble Heart, Palm City Transit Village, Rose Creek Village,...