Category: Uncategorized
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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…
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Planning to Buy a Home This Fall? Expert Tips Inside! | A Real Estate Professional serving Silicon Valley since 1993
House prices may be higher in fall due to elevated summer closing values. Less competition in fall can be advantageous, but serious buyers are still active.
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Bay Area Housing Market Predictions 2030
Predictions for the Bay Area housing market by 2030 indicate soaring home prices, potentially reaching between $2 million and $2.6 million. A chronic shortage of available homes is driving intense competition and bidding wars. The tech industry's growth and the rise of remote work are reshaping living preferences, with more residents moving to suburban areas.…
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Will California Be a Buyer’s or Seller’s Market by End-2024? | A Real Estate Professional serving Silicon Valley since 1993
California home sales dropped to an annualized rate of 262,050, a 6.3% decrease from July. Median home prices reached $888,740, showing a 0.2% increase from the previous month.
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Benefits of 2024 Fall and Winter for California Homebuyers | A Real Estate Professional serving Silicon Valley since 1993
Autumn sees determined sellers open to negotiations, accepting lower prices in September through November. In winter, housing prices drop and reduced competition helps you find negotiable deals on your dream home.
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‘Like being in a firefight’: Los Gatos property owners feel the heat of rising insurance rates
Residents in Los Gatos face uncertainty over wildfire insurance as major insurers like State Farm plan to non-renew thousands of policies due to rising risks and regulatory constraints. Homeowners are increasingly turning to the pricier California FAIR plan for coverage. The situation stems from Proposition 103, which limits rate increases, creating challenges for insurers amid…