10. Kern: - Median price: $380K 9. Tulare: - Median price: $370K 8. Del Norte: - Median price: $365K 7. Kings: - Median price: $361K...
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The San Diego Housing Commission has been approving rent increases for Section 8 housing without checking if they exceed the state's cap on increases, according to an investigation. This could mean the agency is approving illegal rent hikes and using taxpayer money to fund them. The issue is due to a lack of oversight, with the agency relying on landlords' assertions that they are following...
California needs to build 3.5M new homes by 2025. Land-use regulations make it difficult to build new housing in many parts of California. 30% of California land could be used to build new homes, but only 1% is currently being used for housing development....
California strengthens tenant protections, closing rent hike loophole. Landlords must identify new occupants and have them move in within 3 mo. Landlords undertaking property remodeling must provide permits in eviction notices....
In October 2023, the US Census Bureau reported that 21.8 million households are cost-burdened, meaning they spend more than 30% of their income on rent. The San Diego metro area had the highest percentage of cost-burdened households at 58%, with 30% of households severely cost-burdened. This is the highest level since 2012, due to rising rents outpacing income growth. Continue to full article...
As far as why San Diego ranked as one of the most expensive places to live, the report indicates that housing prices were a primary driver. The city offers a great quality of life and temperate weather and residents also benefit from world-class cuisine, and some of the best beaches in the US....
California must build 3.5M homes by 2025 to address housing shortage. However, efforts have fallen short, with only 116K new units in 2022.The shortage led to: Rising rents Unaffordability Outmigration...
New home builders in California aim to incorporate desirable features and amenities into their properties. Buyers are encouraged to share their preferences and ideas with builders, even if they seem unconventional. Discussing floor plans and flexibility is essential, considering how your needs may evolve over the next decade....
Fresno: Median house price of $420K, known for affordable housing. Tuolumne: Median house price of $418.3K, with a lower cost of living. Shasta: Median house price of $389K, affordable with lower rent....
Forbes Advisor recently conducted a report analyzing 96 big U.S. cities and found that San Diego was the No. 14 worst city for renters. The average rent price for a one-bedroom apartment in San Diego is $2,012.00, with 52.78% of households spending 30% or more of their income on rent. San Diego placed third-highest in rental prices for one-bedroom apartments and ninth-highest for two-bedroom apartments....