Category: Uncategorized
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California: Expensive Living With Endless Opportunities | A Real Estate Professional serving Silicon Valley since 1993
California is the most populous US state, with 68% of residents living in coastal areas. California’s cost of living is high, with a median home value of $573,200 and rent of $2,950.
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California, Poised for Growth or Crash? | A Real Estate Professional serving Silicon Valley since 1993
Despite recent stagnation, the market shows potential for growth, especially if interest rates drop.Limited supply and high demand continue to drive prices, reducing the likelihood of a crash.
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New affordable housing complex coming to South Bay
An affordable housing complex, Union Tower, is under construction in National City at 2312 F Avenue. It will consist of 94 units, including 45 one-bedrooms, 24 two-bedrooms, and 24 three-bedrooms, plus one manager’s unit. The County of San Diego has invested over $314 million in affordable housing since 2017. Veterans will have priority for 24…
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California Aims for 2.5M New Units by 2031 | A Real Estate Professional serving Silicon Valley since 1993
Critical shortage exacerbates economic, social issues: Particularly severe for lower-income families in urban areas.Rising costs hinder construction: Inflation, interest rates, and red tape drive up prices, especially for low-income housing.
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Real Estate Forecast Next 5 Years California: Crash or Boom?
California's housing market is expected to face ongoing challenges as it transitions into 2024. A persistent inventory shortage and rising mortgage rates have dampened existing home sales, but a strong job market has prevented significant price drops. The California Association of Realtors predicts a 6.2% increase in median home prices to $860,300 in 2024. Mortgage…
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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…