In November, San Diego's median home listing price rose slightly to $850,000, with a 0.2% decrease in price per square foot, less than the national 1.2% drop. Listings decreased 5.2% from the previous month but were 18.5% higher than last year. New listings fell 25.5% monthly but rose 4.1% yearly. Homes sold in 45 days on average, faster than the national 64 days. Continue to full...
Mortgage rates are expected to dip into the 5% range, benefiting buyers and refinancers. The Federal Reserve will cut short-term rates three times, lowering the prime rate to 6%. A 50-year interest-only mortgage may debut, but portable mortgages are unlikely. Mortgage volume could rise 20%, while unemployment may increase to 4.9%. Home prices in Southern California are predicted to remain flat, with...
The middle of winter has long been a time of celebration around the world. Many peoples rejoiced during the winter solstice, when the worst of the winter was behind them, and they could look forward to longer days and extended hours of sunlight.Popular modern customs include gift-giving and the display of various holiday decorations.Here's wishing you Happy...
Six California markets have seen home values rise over 70% in five years, surpassing the national average increase of 40%. The top 20 cities show diverse home values from $283,000 to $4 million, with annual increases above 0.28%. Notable five-year gains include 81%, 76.7%, 75.5%, and several others above 50%, indicating strong investment returns across the state. Continue to full...
Set a realistic budget considering mortgage, taxes, insurance, and repairs. Get mortgage preapproval to strengthen your buying power. Choose a location that suits future needs, factoring in commute, schools, and property trends. Never skip a home inspection to avoid costly surprises. Be prepared to negotiate price, repairs, and closing costs to save money and secure the best deal. Continue to full...
Ten California cities offer affordable retirement with beautiful surroundings and low living costs. Oroville, Barstow, Clearlake, Yucca Valley, Ridgecrest, Twentynine Palms, Desert Hot Springs, Susanville, Calexico, and Needles feature housing prices 40-60% below state averages. These locations provide access to nature, cultural events, reasonable healthcare, and lower taxes, making them ideal for...
Home sales are projected to increase 14% nationwide, signaling strong market activity. New-home sales are expected to rise 5%, boosting supply modestly. Median home prices forecasted to grow 4%, suggesting sustainable, balanced appreciation. Average 30-year mortgage rates predicted around 6%, down from 6.7%, improving affordability slightly. Price reductions...
Slide 1 Global construction hits USD 13.57T, doubling toward USD 25.47T by 2034. Slide 2 Urban growth and rising populations push huge demand for homes, offices, and new infrastructure. Slide 3 Smart cities surge as industrialization rises and global investors pour money into new builds. Slide 4 AI, IoT, robotics, and mobile tools speed...
Fixer-uppers are gaining popularity among homebuyers, offering a cheaper entry into the San Diego market despite high prices. About 3% of homes listed are fixer-uppers, with a median price of $857,450, roughly 27% less than the median for all single-family homes. Interest in fixer-uppers has tripled since 2021, but buyers should consider renovation costs. Continue to full...
Home values rise 1.2% through October 2026, supported by consistent demand and limited supply. High costs restrict first-time buyer entry despite gradual growth. Transactions grow modestly as buyers navigate competitive pricing. Limited inventory maintains strong competition and steady market dynamics....
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