US families are facing a significant financial burden as non-mortgage interest payments have reached record highs, almost matching mortgage interest payments. This shift is a departure from the past, where mortgage interest typically dominated. The Federal Reserve's rate hikes have led to a surge in non-mortgage debt costs, impacting household finances. Continue to full article...
Affordability and availability persist in Southern California's housing market, but sentiment may rise more in mid-2024. Consumer sentiment toward housing improves, encouraging re-entry if economy remains strong and rates drop....
The median sold price of an existing single-family : $925K, 12.1% yearly Existing home sales : ↓0.9% MoM and unchanged yearly....
Numerous cities in California pose significant challenges for Generation Z individuals attempting to purchase homes.The state's high cost of living and thriving industries, such as tech, have contributed to escalating housing prices....
Home prices in San Diego decreased in December, continuing a trend from the previous months. Despite this, San Diego led the top 20 U.S. cities in appreciation for the year, with an 8.8% increase. The decline in prices was attributed to higher borrowing costs. Overall, the housing market in 2023 was exceptional, surpassing average annual home price gains over the past 35 years. Continue to full...
San Diego focuses on reforming local zoning laws to address housing shortage. Most new apartments are studios and 1-bed units, forcing families to suburbs for larger homes....
San Diego Housing Commission proposes capping rent increases for Section 8 voucher holders at 10%, aligning with state law. This follows an investigation and lawsuit alleging the Commission was approving illegal increases....
California offers assistance for the down payment on your first house. Learn how to apply for this program. Continue to full article...
International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote. Things were made official in 1975 when the United Nations started celebrating the day....
Hot market expected to continue, ranked No. 4 by Realtor.com. Turnaround anticipated in sales and prices compared to previous years....
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