Los Angeles

LA-OC home prices 10 times greater than incomes, report finds – OCRegister

Buying a home in Los Angeles and Orange counties costs 10 times more than what a typical family earns in a year, a new housing report shows. That’s double what it was in 1980, when the price of a house was five times the median household income, according to Harvard’s Joint Center for Housing Studies. The L.A.-Orange County metro area had the fourth-highest price-income ratio out of 385 U.S. metro areas listed in the report, which came out in late June. In the Inland Empire, home prices were more than six…

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California

5 Worst California Cities To Buy Property Over the Next 5 Years, per Real Estate Agents – GOBankingRates

Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology. 20 YearsHelping You Live Richer Reviewed by Experts Trusted by Millions of Readers More than 39 million people call California home, and with the state’s sunny climate, warm beaches, diverse landscape and easygoing vibe, the Golden State has long…

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California

5 Worst California Cities To Buy Property Over the Next 5 Years, per Real Estate Agents – Yahoo Finance

©Zillow More than 39 million people call California home, and with the state’s sunny climate, warm beaches, diverse landscape and easygoing vibe, the Golden State has long been a favorite destination to live. The West Coast location is also appealing because of its endless outdoor activities, variety of food, state parks and job opportunities. While California is a desirable state, not every city is investment-worthy. “When it comes to real estate, not all that glitters is gold — especially in California,” Yawar Charlie, a Los Angeles-based senior real estate agent,…

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San Diego

San Diego home prices join Orange County’s million-dollar milestone – OCRegister

San Diego home prices have hit a new, possibly inevitable, landmark. The median price of a resale single-family home reached $1,001,500 in May, CoreLogic revealed this week, up from a revised $985,000 the previous month. It is a record high for San Diego County, joining only one other Southern California market, Orange County, in having prices top the $1 million mark. San Diego County’s overall median, which includes newly built homes, resale homes and condos, also reached a new high in May of $898,000, up 10.9 percent in a year.…

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San Diego

San Diego home prices join Orange County’s million-dollar milestone – OCRegister

San Diego home prices have hit a new, possibly inevitable, landmark. The median price of a resale single-family home reached $1,001,500 in May, CoreLogic revealed this week, up from a revised $985,000 the previous month. It is a record high for San Diego County, joining only one other Southern California market, Orange County, in having prices top the $1 million mark. San Diego County’s overall median, which includes newly built homes, resale homes and condos, also reached a new high in May of $898,000, up 10.9 percent in a year.…

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California

The Top 10 Real Estate Agents in California for 2024 – Grit Daily

Finding the right real estate agent is crucial when buying or selling property. California, with its diverse landscapes and booming property markets, is home to some of the nation’s most talented real estate professionals. In our comprehensive guide, we unveil the top 10 real estate agents in California, spotlighting those who have set the gold standard in this highly competitive industry. From Los Angeles to San Francisco, these top real estate agents in California are renowned for their expertise, market knowledge, and dedication to client satisfaction. They not only excel…

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California

California’s Excessive Heat Challenges Inland Homeowners – The New York Times

In Mountain House, Calif., temperatures yesterday reached 107 degrees, the start of what is expected to be a weeklong heatwave. High temperatures in the region average 95 degrees in a typical July. This area has seen an influx of residents escaping high housing costs on the coast, who arrived only to be tested by triple-digit temperatures. Some Californians Found Dream Homes Inland. But It Sure Is Hot There. When Farwa Ali and her family wanted to buy a bigger home, Mountain House, Calif., seemed to check all of their boxes.…

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California San Francisco

San Francisco Bay’s Only Private Island Hits The Real Estate Market – San Francisco, CA Patch

July 2, 2024 Purportedly won in a bet, the Bay Area’s only private island is up for sale with an asking price of $25 million. A tour of one of Chris Lim’s real estate listings in the San Francisco Bay Area requires a trip on the water. As the former president of Christie’s International Real Estate, he’s had his fair share of unique listings. “I’ve been selling real estate for 21 years. I love a really interesting challenge,” he said. “A fire house, a church, a parking spot.”

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California

California Official Can’t Afford to Buy Home, Slams ‘Insane’ Housing Market – Newsweek

A city councilman in Newark, California, quit his role after being “priced out” of buying a home in the city and he lamented the struggle that working people face to afford purchasing property in the area amid expensive mortgages. In a Facebook post, Mike Bucci said he decided to resign and move from Newark because he could not afford to buy a home there. Read more: How to Calculate How Much House You Can Afford “We’re just the next people in a long line of folks who have been priced…

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