California's Senate Bill 35 led to the construction of thousands of new homes. 156 pending and approved housing projects in CA resulted in 18,215 proposed new units due to SB 35....
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In July, California home prices continued to stabilize and the statewide median price improved on an annual basis for the first time since October 2022 despite interest rates remaining on the rise. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 269,180 in July, according to the California Association of Realtors. The statewide...
California The median sold price in May: $836.1K, ↓ 6.4%, and the number of sales ↓ 23.6% yearly SF Bay Area The median sold price in May : $1.3MK, ↓ 11.3%, and the number of sales ↓ 23.8% yearly Far North The median sold price in May : $380K, ↓ 10.6%, and the number of sales ↓ 21.8% yearly...
California and New York are the most expensive states for homeowners, based on a recent study. The study analyzed census data and compared avg yearly housing costs to median income....
The price of a single-family home in San Diego remains near the record high, despite a continuing decline in new sales, the Greater San Diego Association of Realtors reported Thursday. The median price of a detached single-family home was 3.6% higher in July than a year ago at $990,000, while for condominiums and townhomes the price was up 2.6% to $641,000. But just 1,265 single-family homes sold in...
Sales for single-family homes in California ↓ 20% yearly and ↓ 4% MoM in June 2023. The number of closed escrow sales in June was approximately 277,500....
The San Diego County assessor announced that the total assessed value for all taxable property in the county increased by 7.12%, raising it to $727.48 billion, representing $48.3 billion and setting a record. This resulted in more than $275 million in property tax savings for homeowners, disabled veterans, small businesses, and charitable organizations, and will result in around $7 billion in property...
June saw slow home buying, ranking among the bottom 5% since the 1990s. Sales volume (color-green) 15% in 6-mo, but overall purchases (color-red) 20% in a year. California's expensive home prices are driven by surging mortgage rates....
Homeowners insurance rates in California are rising sharply due to climate change. Some insurers are no longer writing new policies in California, leaving fewer options for homeowners. If your policy is non-renewed, you should start shopping for a new policy immediately....
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