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....
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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,...
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....
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...