The recent fires in Southern California emphasize the importance of insurance in safeguarding lives and finances. Insurance not only protects homes but also replaces lost income, supports during travel, and manages long-term care costs. Regular reviews of insurance needs are essential as life circumstances change, such as marriage or retirement. Key benefits include asset protection, cost-effective risk...
Recent California laws aimed at increasing housing supply, such as SB 9 and AB 2011, have had minimal impact, according to a report by YIMBY Law. Despite efforts to eliminate barriers for apartment construction, only a few permits were issued under these laws. Factors hindering progress include strict labor requirements, affordability mandates, and local government opposition. The report highlights that...
California’s 22.8% of homes are mortgage-free, highlighting financial resilience amid rising borrowing costs. Median home value with a mortgage is $750K, compared to $645K for fully paid homes....
California’s commercial building market will grow at 2.53% CAGR, reaching $193.9B by 2034. Market growth is driven by sustainability, smart buildings, flexible workspaces, e-commerce, and mixed-use developments....
Governor Newsom has proposed a $125 million mortgage relief program for homeowners affected by natural disasters since 2023, aimed at preventing foreclosure and providing mortgage counseling services. The program will utilize existing mortgage settlement funds and will be administered by the California Housing Finance Agency. Additionally, executive orders have been issued to streamline rebuilding...
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....
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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