California's single-family home sales ↓ 9% yearly and ↓ 3% MoM in July. Sales decline of <10% marks moderation and potential turnaround....
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The U.S. mortgage rates are at a 22-year high, resulting in an increase in buyers' appetite for new builds. However, San Diego is struggling with a severe housing shortage and there are not enough new homes being built to keep up with demand. Sales of existing homes have dropped 17%, while new home sales have soared 32%. Builder confidence is now at its highest level since June 2022, with some...
Initiative 1942 will appear on California's November 2024 ballot. It aims to give local jurisdictions the authority to impose rent control measures as they see fit....
Warning issued over housing rule misuse amid growing opposition to these regulations. A new proposal grants local authorities power to counter state housing rules, prioritizing community preferences....
Mayor Todd Gloria and the San Diego Housing Commission have announced a state grant of $45 million for the construction of over 1,180 affordable homes in San Diego. The grant will be used for two large-scale projects, with units ranging from zero to 120 percent of the city's Area Median Income. The funds will be used for site preparation, surface improvements, and transit investments such as...
California's housing market to rebound by 7.3% over the next year, following a recent decline in home values. Federal Reserve rate hikes impacted affordability, leading to a 2.2% drop in prices in the past year....
A comprehensive home inspection is vital when purchasing a home, uncovering hidden issues and preventing unexpected repairs. Qualified inspectors evaluate property conditions, providing an unbiased report to help buyers understand potential risks. Various types of home inspections are conducted, including general assessments and specialized...
According to a study conducted by NewJerseyRealEstateNetwork.com, the cost of homeownership differs significantly from region to region. Besides the mortgage, homeowners must take into account a range of additional expenses such as insurance, property taxes, utility bills, gas charges, and homeowners association (HOA) fees. The study reveals that the financial burden of owning a home varies...
The Central Valley is the 10th most competitive rental market in California. There are an avg of 8 renters considering each apartment that comes on the market....
Esusu, a leading financial technology company, has had an impressive impact from California Senate SB 1157. This legislation has enabled the deployment of $785,405 in eviction prevention rent relief to 374 households and has created approximately 3,000 new credit scores for previously credit-invisible renters. This bill has allowed renters to access financial products such as high-quality auto, home,...