Category: California

By Nic White For Dailymail.Com Published: 01:01 EDT, 28 June 2024 | Updated: 09:33 EDT, 28 June 2024 Costco is building dozens of affordable housing units above its newest store so its can get around Los Angeles building restrictions. The cut-price supermarket is planning a 185,000sqft store in South LA at 5035 Coliseum Street on a vacant five-acre lot that used to be a hospital. However, building a huge store in LA required jumping through numerous regulatory hoops that would tie it up in red tape for years. Costco could spend millions…

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Southern California home prices continued to push ever upward last month, ascending to a record high despite sluggish sales and high mortgage rates. The region’s median price home — or the price at the midpoint of all sales — climbed to the all-time high of $770,000 in May, real estate data firm CoreLogic reported Tuesday, June 25. Price records also were set in Los Angeles, Orange and San Diego counties, while Riverside County’s price matched the record high set in April. Also see: Orange County rises to No. 1 home-price gains…

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“How expensive?” tracks measurements of California’s totally unaffordable housing market. The pain: Yes, California, there’s a new record high for the median sales price for existing, single-family houses. The source: My trusty spreadsheet reviewed May’s homebuying report from the California Association of Realtors, which includes data dating to 1990, to try to make sense of the continuing upswing. The pinch The typical California homebuyer paid $908,040 in May, up 9% in a year and 56% above the 2018-19 average price. It was the second consecutive month for a record high.…

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“How expensive?” tracks measurements of California’s totally unaffordable housing market. The pain: Yes, California, there’s a new record high for the median sales price for existing, single-family houses. The source: My trusty spreadsheet reviewed May’s homebuying report from the California Association of Realtors, which includes data dating to 1990, to try to make sense of the continuing upswing. The pinch The typical California homebuyer paid $908,040 in May, up 9% in a year and 56% above the 2018-19 average price. It was the second consecutive month for a record high.…

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CALIFORNIA MEDIAN HOME PRICE (Chart by Flourish) “How expensive?” tracks measurements of California’s totally unaffordable housing market. The pain: Yes, California, there’s a new record high for the median sales price for existing, single-family houses. The source: My trusty spreadsheet reviewed May’s homebuying report from the California Association of Realtors, which includes data dating to 1990, to try to make sense of the continuing upswing. The pinch The typical California homebuyer paid $908,040 in May, up 9% in a year and 56% above the 2018-19 average price. It was the…

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Editor’s note: CoreLogic’s median price and sales numbers were updated on July 2 after the real estate research firm issued revised data for Southern California on Monday, July 1. Also revised was the amount of a typical monthly mortgage payment for a median-priced Southern California home.  Southern California home prices continued to push ever upward last month, ascending to a high despite sluggish sales and high mortgage rates. The region’s median price home — or the price at the midpoint of all sales — hit $775,000 in May, real estate…

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Editor’s note: CoreLogic’s median price and sales numbers were updated on July 2 after the real estate research firm issued revised data for Southern California on Monday, July 1. Also revised was the amount of a typical monthly mortgage payment for a median-priced Southern California home.  Southern California home prices continued to push ever upward last month, ascending to a high despite sluggish sales and high mortgage rates. The region’s median price home — or the price at the midpoint of all sales — hit $775,000 in May, real estate…

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Editor’s note: CoreLogic’s median price and sales numbers were updated on July 2 after the real estate research firm issued revised data for Southern California on Monday, July 1. Also revised was the amount of a typical monthly mortgage payment for a median-priced Southern California home.  Southern California home prices continued to push ever upward last month, ascending to a high despite sluggish sales and high mortgage rates. The region’s median price home — or the price at the midpoint of all sales — hit $775,000 in May, real estate…

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Traditionally, when a homeowner hired a real estate agent to handle the sale of their property, they agreed to pay that agent, as well as their eventual buyer’s agent, a commission. This fee typically amounted to between 5 and 6 percent of the home’s selling price, split more or less evenly between each agent. Due to a recent lawsuit settlement, sellers may no longer be on the hook for buyer’s agent fees. But if you use a real estate agent, he or she will have to be paid somehow. How…

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In the competitive world of real estate, California stands out with its dynamic market and high-stakes property deals. Amidst this bustling scene, several women have risen to prominence, distinguishing themselves as some of the top real estate agents in California. These professionals combine extensive market knowledge, unmatched negotiation skills, and a personal touch to deliver exceptional client results. This article highlights the top 10 female real estate agents in California, showcasing their achievements and the unique qualities that make them stand out in the industry. These agents have significantly impacted…

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San Diego, California, saw home prices jump more than 10 percent in April, according to S&P CoreLogic Case-Shiller data, in what was the largest yearly increase of the 20 cities under analysis. Read more: Find the Lowest Rates From Top Mortgage Lenders Prices of homes across the different segments jumped at a time when overall prices were hitting all-time highs. April, which is the latest data revealed by S&P CoreLogic Case-Shiller, saw a 6.3 price increase compared to the same time a year ago. The 20-city index registered a 7.2…

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Living in Long Beach offers a quintessential California dream – sun-soaked beaches, a vibrant pier scene, and proximity to the bustling heart of Los Angeles. Naturally, this idyllic lifestyle translates to a dynamic housing market. So, if you’re considering buying a piece of the Long Beach dream in 2024, here’s a breakdown of the key trends to help you catch the perfect wave. As of June 2024, the Long Beach housing market is experiencing growth, with home values increasing by 7.4% over the past year according to Zillow. In May…

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