The Assembly Constitutional Amendment 1 (ACA 1) aims to ease funding for affordable housing and public infrastructure. The proposal introduces annual and independent audits to monitor fund utilization. It also establishes citizens' oversight committees for spending tracking....
San Diego has been named the most expensive place to live in the United States, according to U.S. News & World Report. The city has a high cost of living due to expensive housing, fees such as homeowners association dues, and the region's desirable qualities, such as its year-round temperate climate. Prices in the region have increased by about 4.7% over the past year, exceeding the national...
Many middle-income tenants in California's subsidized housing programs may face unexpected tax bills due to an obscure taxation rule....
In 2023, Southern California's residential real estate market is transitioning to a more moderate market, with buyers having more options and bargaining power. Factors influencing housing include rising mortgage rates, inflation, remote work flexibility and affordability challenges. Prices have decreased by 5.3%, creating an opportunity for prospective buyers. Remote work has also influenced...
A recent survey reveals the income needed for singles to live comfortably in the US....
The California Association of Realtors is predicting that single-family home sales will increase by 22.9% in 2024, with the sale of 327,100 homes statewide. Jordan Levine, the group's senior vice president and chief economist, said slower economic growth and cooling inflation will bring down mortgage interest rates, which will spur home sales and create a better housing market for both buyers and...
The avg vacancy rate in California is 8.5%....
High State Income Taxes: California is known for its high state income taxes, which add to the overall cost of living....
The median rental price for a one-bedroom apartment in San Diego is $2,460 a month and for a two bedroom it is $3,260. This is much higher than the national median of $1,511 and $1,865 for one and two bedrooms respectively. The rental prices have decreased slightly compared to last year and there is a record number of supply expected to hit the market this year. AB 12 is headed to Governor Gavin Newsom,...
In August 2023, the median sale price of a single-family home in San Diego County was $1 million, up from $969,020 in July and $886,250 in August 2022. The ratio of new houses for sale to new houses sold was 1.9, and time on the market was 13 days. The statewide median home price was $859,800, up 3.3 percent from July and 3.0 percent from August 2022. Despite persistently high mortgage rates and tight...
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