Homebuying in California has sharply declined since March 2022, following a series of rate hikes. Average home sales reached 260,200 annually, 40% below March 2022's pace of 434,100....
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California’s Legislature passed over thirty bills addressing homelessness and housing shortages in September 2024. Current legislation emphasizes central planning to achieve an “adequate” housing supply in California....
California home sales dropped to an annualized rate of 262,050, a 6.3% decrease from July. Median home prices reached $888,740, showing a 0.2% increase from the previous month....
California's Department of Insurance seeks public input on reforms to improve statewide insurance availability.A virtual public hearing on wildfire modeling regulations is scheduled in September....
California’s insurance market faces high costs and limited options due to frequent natural disasters and outdated regulations. For home insurance, consider using the state’s search tool or working with a broker for better options....
California’s housing market is impacted by broadband expansion, new laws, and emerging affordable housing trends. Over $1.8B for broadband could transform underserved communities, increasing Real Estate viability across California....
Single-family home sales in September fell 14% from August, though average prices remained steady at around $1 million, marking an 8% increase from September 2023. Condominium and attached property sales dropped 22% month-over-month and were 5% lower than last year. Resale properties closed in an average of 34 days, up from 25 days a year ago. The median price for attached properties decreased 4% to...
Single-family Permits Increase: Up 13% from 2023, highest in two years. Multifamily Permits Decrease: Hit a 12-year low, down 27%....
Over 1.2 million California homes face high wildfire risk, with reconstruction costs exceeding $760 billion. California FAIR Plan offers limited insurance, with major insurers retreating from high-risk zones....
The San Diego housing market is experiencing significant growth, with average home values currently at $1,028,191, a 10.3% increase over the past year. Homes are selling quickly, averaging just 13 days on the market. While a slight decline in prices is expected by the end of 2024, a rebound of about 0.6% is forecasted for July 2025. Key drivers include a thriving economy, job growth, and low housing...