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2025

California Housing Market Rebounds After a Three-Month Slump in Sales

California's housing market rebounded in June with a 4% sales increase from May, though median prices dipped slightly to $899,560. Sales remain just above last year's levels, with pending sales down for seven months and rising mortgage rates a concern. Regional disparities persist, especially in wildfire-affected areas like Altadena and Pacific Palisades, where sales and prices have sharply...

Your Path to Owning a 3-Bed Home in California

In 2025, buying a home remains out of reach for many Americans as housing prices continue to rise. A recent report shows that in 35 out of 50 states, a 6-figure income is now required to afford a median-priced 3-bed home. In very high-cost states like California, buyers need a household income of $210K to purchase a 3-bed property. This reflects the growing...

CALED releases CEQA exemption briefing for economic development

California has introduced CEQA exemptions and reforms to speed up housing and infrastructure projects, including streamlined processes for urban infill, affordable housing, rezoning, and various public works. New guidelines and mapping for infill sites are mandated, and some agency communications are now exempt from CEQA records. Continue to full...

Californians to Save Thousands on Property Tax with New 2025 SALT Deduction

California homeowners can now deduct up to $40,000 in state and local taxes (SALT) for incomes under $500,000, a significant increase from the previous $10,000 cap. This temporary change, effective from 2025 to 2029, offers major relief for middle-income families, especially in high-tax cities like San Jose and San Francisco. The cap will rise 1% annually before reverting in 2030, benefiting both...

San Diego-Chula Vista-Carlsbad Home Prices Down 0.6% Year Over Year in June

First American Data & Analytics reports a continued national home price slowdown with seven months of annual deceleration, signaling a shift toward a buyer's market. Inventory growth and affordability constraints are driving price cuts, especially in the starter home tier, which saw declines in 14 of the top 30 markets. This cooling may help first-time buyers, particularly in expensive and...

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