Proposition 33 could give cities and counties authority to implement local rent control for newer housing. California currently limits rent increases to 10% for apartments built before 1995....
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California's house sales are projected to increase by 10% to 304,400 transactions in 2025. Next year will still be the third-slowest for sales since the Reagan administration....
Home prices in San Diego decreased by 0.7% in August, following a similar decline in July, amid a national trend. Despite this, prices are up 5.7% over the past year. Nationwide, prices fell by 0.1%, with only a few metro areas, including New York, Las Vegas, and Chicago, reaching all-time highs. Experts note that home price growth is slowing, with buyers hesitant to accept high prices as the market...
With a rental cost of $161 per 100 sq ft, California has one of the highest rental prices in the US, with avg rents ~$3K/mo. California homes are spacious, averaging 1,860 sq ft, but buying a home offers better long-term value than renting....
Home prices are starting to normalize across the U.S. but remain high, with record-high mortgage rates making homes unaffordable for many buyers. This has led potential homeowners to search outside expensive urban areas, especially those who can work remotely. Data from Realtor.com's Cross-Market Demand Report reveals the top metros looking to buy homes in San Diego, with Los Angeles leading at...
Home Sales: Projected to increase by 10.5%, reaching 304,400 units as interest rates drop and more homes enter the market. Median Home Price: Expected to rise 4.6%, bringing the median price to $909,400, supported by high demand and limited supply....
Home Sales Increase: Projected rise of 10.5% in single-family home sales, reaching 304,400 units in 2025.Price Growth: Median home price expected to rise 4.6%, reaching $909,400 in 2025 due to high demand....
Homeowners in Southern California are utilizing a state law that permits lot splitting and increased density to enhance housing supply and affordability. Following the passage of SB 9, homeowners in San Diego are beginning to sell or develop unused property portions. While the law aims to lower construction barriers, cities and homeowner groups are challenging it. To maximize its impact, builders...
California's RHNA process has not balanced housing supply with demand or improved affordability significantly.The current RHNA quota requires 1.3M new homes by 2029, based on outdated population projections....
San Diego, covering over 960 km² and home to 1.3 million residents, offers diverse neighborhoods with unique lifestyles. Key areas include La Jolla, known for upscale coastal living; Little Italy, famous for its vibrant food scene; Hillcrest, recognized for its inclusivity and nightlife; Carmel Valley, ideal for families with modern amenities; and East Village, a trendy urban hub. Each neighborhood...