Category: California
Florida dominates list of best cities for first-time homebuyers while California sinks to the bottom – Fox Business
Realtor.com senior economist Ralph McLaughlin says homebuyers and sellers have ‘more time’ than they think to get a good deal. While the sun shines for first-time homebuyers in Florida, the real estate market has lost its shine in the “Golden” State of California. A new study from WalletHub released Tuesday ranked the best and worst cities for first-time homebuyers in 2024. It measured affordability, real estate and quality of life markers in 300 U.S. locations using 22 key metrics, from home prices to taxes and crime rates. Six out of…
Read MoreSanta Cruz Housing Market 2024: Trends and Forecast – Norada Real Estate Investments
Currently, the Santa Cruz housing market teeters between favoring both buyers and sellers. While buyers may benefit from a slight decrease in prices and a reasonable inventory, sellers still have the advantage of competitive bidding and the potential for homes to sell above the list price. As such, it’s essential for both parties to approach transactions with careful consideration and a keen awareness of prevailing market conditions. Let’s delve into the current house prices and trends in Santa Cruz. How is Santa Cruz Housing Market Doing Currently? The Santa Cruz…
Read MoreBakersfield Housing Market Trends and Forecast for 2024 – Norada Real Estate Investments
The California housing market is notorious for its sky-high prices, but Bakersfield stands out as a beacon of affordability. Let’s delve into the current state of the Bakersfield housing market, exploring its trends, strengths, and some things to consider. How is the Bakersfield Housing Market Doing Currently? One of Bakersfield’s biggest draws is its affordability. Compared to the national average, Bakersfield boasts a median sale price that’s a good 6% lower [Zillow]. In June 2024, the median listing price came in at $415,000, which is significantly lower than the median…
Read MoreSouthern California home prices keep rising; up nearly 8% in June to all-time highs – Yahoo Finance
Real estate agent Derek Oie, left, shows a North Tustin home to clients Sarah and Vik Szemerei in 2021. (Nick Agro / For The Times) Southern California home prices rose nearly 8% in June from a year earlier, marking the fourth straight month values hit an all-time high. The average home price in the six-county region now stands at $876,280, up 0.4% from May, according to data from Zillow. Prices rose in all counties, including Los Angeles County, where the typical home costs $892,304. In Orange County, the average is…
Read MoreWhat are Southern California’s best cities for renters? – The Mercury News
Los Olivos Apartment Village in Irvine. (Photo by Mindy Schauer, Orange County Register/SCNG) “How expensive?” tracks measurements of California’s totally unaffordable housing market. The pain: Southern California’s best cities to be a renter cost an average 12% more than lower-ranked places. The source: My trusty spreadsheet reviewed WalletHub’s grades scoring the value of being a tenant in 182 US cities – including 18 in Southern California. This metric compares a benchmark for costs with a yardstick for livability to create an overall ranking. Then we contrasted those grades with typical…
Read MoreCalifornia City Sees Flood of Homeowners Trying to Sell Houses – Newsweek
San Jose, California, saw new listings rise nearly 50 percent in June compared to a year ago, a signal that property owners in the city are increasingly looking to sell their homes in one of the more expensive housing markets in the country. Read more: How Much Is My House Worth? How to Determine Your Home’s Value Along with a high number of listings, the city saw pending sales—a forward-looking indicator of home purchases—jump 18 percent last month from a year ago, according to data from Redfin. Other cities that…
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