San Diego rejected a sales tax increase despite facing a $258 million budget deficit. The Mayor cut services last year to manage a $170 million shortfall....
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2025
The U.S. housing market is entering 2025 with renewed momentum after a subdued 2023. Home prices have risen 6.3% year-over-year by the end of 2024, driven by improving wage growth and increased inventory, despite ongoing affordability challenges. Home sales have also rebounded, showing a 10.8% increase compared to the previous year. The Northeast and California are experiencing the hottest markets, with...
Statewide rent increases capped at 5% plus CPI or 10%, whichever is lower under AB 1482. San Diego rent increase cap set at 8.6% for August 2024–July 2025....
Research local fire history, hazard maps, and water sources before buying a home in wildfire-prone areas. Choose fire-resistant materials like metal roofs and ember-proof vents to defend against wildfire embers and flames....
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Over 2.3 million acres in Northern California are now classified as facing "high" or "very high" wildfire danger due to climate change. Updated state maps will enforce stricter building standards in these areas. While some regions saw increased hazard acreage, others experienced reductions. New ember-resistant zone regulations are being developed to improve fire...
Housing inventory surged in 2024, reaching its highest levels since 2019—until December’s drop. Inventory fell sharply at the year’s end, a typical seasonal trend for homeowners....
Extreme wildfires have doubled in 20 years, threatening 5.5% of U.S. homes worth $3 trillion. Evaluate Fire Risk Before You Buy Realtor.com provides Fire Factor ratings from 1 to 10, detailing a home’s 30-year wildfire risk....
As of January 2024, only two major U.S. metro areas, Detroit and Pittsburgh, offer cheaper home buying options compared to renting, indicating a shift towards a more renter-friendly market. Nationally, median rental costs have slightly decreased, while homeownership costs, including mortgage rates and maintenance, have risen significantly. This trend is expected to lead to an increase in renter...
Home prices are expected to appreciate at a slower rate, with growth potentially falling to 2-4% in 2025. Gradual increases in housing inventory will offer buyers more options, contributing to a slightly more balanced market....