Category: California

The Riverside housing market in 2024 has been a story of sustained growth, with strong buyer demand pushing prices upwards. While national trends hint at a potential slowdown, Riverside continues to buck the trend, offering a dynamic landscape for both buyers and sellers. Let’s delve deeper into the key trends shaping this market: Riverside CA Housing Market Trends 2024 Solid Price Growth: A consistent theme throughout 2024 has been the rise in home prices. As of May, the median sale price in Riverside reached $650,000, reflecting an 8.5% increase compared…

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Ask The Expert: The Real Estate Hour with Allison Norman & Stephanie Norman Sunday — 09:00 AM – 10:00 AM Realtors Allison and Stephanie Norman are a mother-daughter Real estate Team, The Norman Home Team with Keller-Williams Realty. Every Sunday morning, they bring you market information and updates, Real estate tips for buying or selling a home, information on the loans to look for and the ones to avoid…. as well as local guest experts, discussing topics affecting all members of the community. Local Real Estate market knowledge from real…

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ABOUT THIS HOME Stockton, CA home for sale Stunning modern home in Weston Ranch Stockton! This property offers 3 bedrooms with one office that you can convert to the 4th bedroom, 2.5 bathrooms, 2,399 sqft of living space and 6,321 sqft lot with built-in swimming pool, outdoor kitchen with wet bar, 36 ft cover patio, providing plenty of space for outdoor activities and relaxation. It also has RV area. Enjoy the spacious bedrooms with ample storage space, perfect for relaxation and comfort. The property also features a 2-car garage, a…

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The interest in expensive homes in California is contributing to the rise in house prices to record levels in the state, according to the California Association of Realtors (CAR), even as sales of cheaper homes declined last month. Read more: Find the Lowest Rates From Top Mortgage Lenders Home sales dropped by more than 1 percent last month and were down 6 percent compared to the same time a year ago, to about 275,550 houses. CAR said high mortgage rates and elevated prices were part of the explanation behind the…

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California, the land of sunshine, diverse cities, and breathtaking landscapes, beckons many with the dream of homeownership. However, the Golden State’s housing market presents a stark reality – it’s among the most expensive in the nation. Understanding the financial landscape is crucial for potential homebuyers to navigate this dream towards reality. California Dreamin’? Here’s How Much You Really Need to Buy a Home  The Numbers: A Steeper Climb Recent data paints a clear picture: California’s median home price sits around $730,000, far exceeding the national average of $407,600 [National Association…

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Sunglasses mogul James Jannard, the visionary behind Oakley, has made a splash in the luxury real estate world, selling his Malibu mansion for an eye-watering $210 million.  This off-market transaction not only surpasses the previous California record held by power couple Jay-Z and Beyoncé, who purchased their Malibu estate for $200 million last year, but it also marks a staggering return on investment for Jannard, who acquired the property for $75 million back in 2012 when the market was considerably more “reasonable.” This palatial 9.5-acre estate is the epitome of…

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Lafayette, California, is one suburb where the insurance crunch has made for a home-buyer headache.(David Paul Morris/Bloomberg) By Nadia Lopez and Paige Smith | Bloomberg California’s lofty home prices and scarce inventory already amounted to one of the most nightmarish housing markets in the US. Now, challenges securing and affording home insurance in the wildfire-prone state are making it even worse. Under the pressure of a looming closing date, prospective buyers are enduring lengthy, complex searches — and a fair amount of sticker shock – for a product that used…

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In a record transaction for the California real estate market, James Jannard, visionary founder of Oakley, has sold his imposing mansion in El Pescador State Beach for the impressive sum of $210 million. This sale not only sets a new price standard in the state of California, but also highlights the growing appeal of luxury properties in the Malibu coastal and surf area. The property of more than 9.5 acres, known as “The Jannard House”, is a massive complex that includes the main house, two guest houses and a swimming…

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California home prices hit a record-high in May, topping $900,000 for the second straight month.  The California Association of Realtors released its May home sales price report this week, showing that high mortgage rates are dampening home sales even though the median home price is at an all-time high.  ADVERTISEMENT The big picture: Sales in May set an annual rate of 272,410, a 1.1 percent drop from the 275,540 sales rate in April and down six percent from 2023.  The statewide median price hit $908,040, the second straight month breaking…

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California housing market is again a market of two tales: soaring prices and a sales slowdown. Let’s get into the data care of the California Association of Realtors (C.A.R.). Rising Rates, Cooling Sales—For most of this year, mortgage rates have been increasing since late 2023, and mortgage rates did their job in May. “More recently, sales had a slightly weaker performance than in April and were 6% below May last year. This marks the 20th month that sales have not breached the 300,000 units line, and sales year to date…

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