California home sales remain below Great Recession lows, driving a significant inventory surge in April 2025.Active listings hit 64,900 in April, ↑ 50% yearly, outpacing the national ↑ 31% increase....
Email Steve
Steve@SteveBeaupre.com
June 2025
A new study has ranked U.S. states based on the difficulty first-time homebuyers face when trying to enter the housing market. Massachusetts ranks #7 overall (tied), making it one of the seventh hardest states for first-time buyers to afford a home. The median home value in Massachusetts is $535K, with a typical down payment of $77K (14.4% of the home price)....
Californians spend 44% of their income on housing—second only to Hawaii's sky-high 53%.Nationally, the typical household spends 26% on housing....
California’s SB 1235 mandates clearer disclosures for commercial financing. SB 1235 requires transparency in financing terms, including APR, payment schedules, and fees for small businesses....
The County Board of Supervisors reallocated $2 million from the Capital Emergency Solutions Grant Program to the Innovative Housing Trust Fund (IHTF) and Landlord Incentive Program after a project was abandoned. The IHTF, established in 2017, has invested $112 million in affordable housing, supporting 36 projects with 3,054 units. The Landlord Incentive Program aids families and veterans experiencing...
The median home price in California is $909,400 in 2025. A 20% down payment on a median-priced home exceeds $180,000, double the average salary....
California needs 2.5M new homes by 2030, but only 80K homes are built annually. Densification, including ADUs, can increase housing supply without needing additional land....
San Diego-Chula Vista-Carlsbad home prices dropped 2.1% year-over-year in April 2025, continuing market cooling. Month-over-month prices in the metro fell 0.8% from March to April, reflecting slowing appreciation....
California lawmakers approved a transit-oriented development bill but rejected a missing middle housing bill, reflecting ongoing debate over housing supply and affordability. Montana passed zoning reforms easing parking and height limits to boost housing. Washington enacted statewide rent control capping annual increases, with exemptions for newer buildings. In New Jersey, zoning rules limiting home...