Category: Uncategorized
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Bay Area Housing Market: Prices, Trends, Forecast 2024-2025
The Bay Area housing market remains strong, with significant year-over-year price increases and robust buyer interest. In March 2024, the median sold price for single-family homes reached $1,386,500, marking a 15.5% rise from the previous year. While sales activity surged 31.7% month-over-month, there was a 5.4% decline year-over-year. Regional trends show varying price increases across…
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Why Buying a Home in California Outweighs Renting | A Real Estate Professional serving Silicon Valley since 1993
With a rental cost of $161 per 100 sq ft, California has one of the highest rental prices in the US, with avg rents ~$3K/mo. California homes are spacious, averaging 1,860 sq ft, but buying a home offers better long-term value than renting.
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California Realtors Predicting a Rosier 2025 | A Real Estate Professional serving Silicon Valley since 1993
Home Sales Increase: Projected rise of 10.5% in single-family home sales, reaching 304,400 units in 2025.Price Growth: Median home price expected to rise 4.6%, reaching $909,400 in 2025 due to high demand.
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California: Positive Outlook for 2025 | A Real Estate Professional serving Silicon Valley since 1993
Home Sales: Projected to increase by 10.5%, reaching 304,400 units as interest rates drop and more homes enter the market. Median Home Price: Expected to rise 4.6%, bringing the median price to $909,400, supported by high demand and limited supply.
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California RHNA: Balancing Act Continues | A Real Estate Professional serving Silicon Valley since 1993
California's RHNA process has not balanced housing supply with demand or improved affordability significantly.The current RHNA quota requires 1.3M new homes by 2029, based on outdated population projections.
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What’s the Security Deposit Limit in California? | A Real Estate Professional serving Silicon Valley since 1993
California’s rental security deposit law limits the amount landlords can charge and specifies its allowed uses. Landlords can charge one month’s rent, but smaller landlords can charge up to two months’ rent.
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Most Expensive Housing Markets Of 2030 Revealed — One Tops $1 Million
The cost of living in the U.S. is rising, with home prices increasing by 48.55% over the past decade, now averaging $257,000. Experts predict that by 2030, the average home value could reach around $382,000. States like California, Hawaii, and Washington are expected to see significant appreciation, with California's average home value potentially exceeding $1…
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California Housing Prices: Will They Fall in 2025? | A Real Estate Professional serving Silicon Valley since 1993
California housing prices in 2025 may see declines in some MSAs, with others experiencing growth. High living costs and remote work trends are driving declines in cities like San Francisco and Sacramento.
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California Seeks Public Input on Insurance Reforms | A Real Estate Professional serving Silicon Valley since 1993
California's Department of Insurance seeks public input on reforms to improve statewide insurance availability.A virtual public hearing on wildfire modeling regulations is scheduled in September.
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California Realtors Predicting a Rosier 2025 for Local Home Sales
The California Association of Realtors (C.A.R.) forecasts a more favorable interest rate environment in 2025, easing the "lock-in" effect and improving housing inventory. Existing single-family home sales are expected to rise by 10.5% to 304,400 units, with median home prices increasing by 4.6% to $909,400. Lower borrowing costs and increased listings will attract buyers and…