Category: Uncategorized
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California Housing Market Crash: Is a Correction Coming Up? | A Real Estate Professional serving Silicon Valley since 1993
The supply of houses for sale in California has been consistently lagging behind buyer demand, which is expected to continue in 2024.A dramatic crash seems unlikely due to persistent housing shortages; a market correction and stabilization of prices are possible.
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Bay Area Housing Market: What Can You Buy for Half a Million?
In the Bay Area, finding a home for $500,000 is challenging due to limited inventory and rising prices, which have increased by 6% over the past year. Most options are smaller homes, condos, or fixer-uppers, often found in suburban areas like Vallejo and Benicia. The competitive market is driven by a strong job market and…
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California Forecasts Better Affordability by Year-End | A Real Estate Professional serving Silicon Valley since 1993
Despite the sales slump, national housing prices remain steady, but slight price drops are seen in California. California's housing expert predicts home prices will fall in the coming months.
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California: What a $100K Salary Looks Like After Taxes | A Real Estate Professional serving Silicon Valley since 1993
Take-home salary for single filers: $72,233 The top tax bracket applies to single filers with a taxable income of $850K or more.
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Happy Labor Day | A Real Estate Professional serving Silicon Valley since 1993
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance to ponder the historical strides in workers' rights and labor advancements. Cheers to hardworking individuals…
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Bay Area’s median home prices hit new highs
The Bay Area's home prices have reached a new all-time high, with Silicon Valley and San Mateo County becoming the first areas in the U.S. to achieve median home prices of $2 million. Continue to full article
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Where to Buy Homes Under $100K in California | A Real Estate Professional serving Silicon Valley since 1993
California offers affordable housing options like mobile homes priced at $100K or less in the following areas. Mobile homes in Desert Hot Springs are priced between $55K-$95K.
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What Hidden Costs Come With Buying a California Home? | A Real Estate Professional serving Silicon Valley since 1993
California homeowners pay an avg of $2,399 annually, excluding mortgage payments. Californians face additional annual costs: 1. $16,966 for maintenance 2. $6,832 for property taxes
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7 tips for first-time homebuyers
Buying a home requires financial planning and should not be considered solely as an investment. It is advisable to keep housing costs below 31-40% of income and to use a mortgage calculator to determine affordability. Improving credit scores can lead to lower mortgage rates. Homebuyers should be prepared for additional costs like property taxes and…
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Real Estate Forecast Next 5 Years California
California's housing market faces challenges in 2024 due to rising mortgage rates and a persistent lack of inventory. Price predictions suggest a modest increase in median home prices. Factors like interest rates and emerging trends such as iBuyers and shifting demographics will impact the market. Policy changes, like rent control and regulations on short-term rentals,…