Category: Uncategorized
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California: Positive Outlook for 2025
Home Sales: Projected to increase by 10.5%, reaching 304,400 units as interest rates drop and more homes enter the market. Median Home Price: Expected to rise 4.6%, bringing the median price to $909,400, supported by high demand and limited supply.
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California multifamily building owners have embraced accessory dwelling units (ADUs)
National REITs and local investor-operators have successfully completed numerous ADU projects and plan to continue expanding. Multifamily owners are converting carports, greenways, and other spaces into entry-level apartments, often within a year. New laws and prefabricated construction methods have facilitated faster building timelines. AvalonBay has added around 50 ADUs in California, with average studio and…
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California RHNA: Balancing Act Continues
California's RHNA process has not balanced housing supply with demand or improved affordability significantly.The current RHNA quota requires 1.3M new homes by 2029, based on outdated population projections.
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Tips for a Smooth Home Selling Experience
Being well-prepared with a conveyancer and mortgage lined up can help avoid delays. Working with estate agents ensures your home is priced correctly and presented well for buyers.
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Understanding Tenant Rights: A Guide for Property Managers in Orange County
Managing property rentals in Orange County involves upholding tenant rights to avoid disputes and ensure legal compliance. Key rights include a habitable environment, privacy, protection against discrimination, and fair security deposit handling. Effective communication and prompt responses are crucial. During evictions, legal guidelines must be followed to prevent wrongful claims, fostering trust and enhancing the…
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California Housing Market Forecast for 2025-2026
Growth Expected: Sales and prices are predicted to rise, with median home prices hitting $909,400 in 2025. Lower Interest Rates: A projected drop to 5.9% for 30-year mortgages should drive market activity by easing the "lock-in" effect.
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What’s the Security Deposit Limit in California?
California’s rental security deposit law limits the amount landlords can charge and specifies its allowed uses. Landlords can charge one month’s rent, but smaller landlords can charge up to two months’ rent.
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California Cities: 2025 Projected Growth by MSA
Bakersfield MSA is projected to grow by 1.8% due to affordability and a strong job market. Riverside-San Bernardino MSA also expects 1.8% growth, attracting buyers with lower urban costs.
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California Housing Prices: Will They Fall in 2025?
California housing prices in 2025 may see declines in some MSAs, with others experiencing growth. High living costs and remote work trends are driving declines in cities like San Francisco and Sacramento.
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Can Fed Fix the California Housing It Crashed?
Homebuying in California has sharply declined since March 2022, following a series of rate hikes. Average home sales reached 260,200 annually, 40% below March 2022's pace of 434,100.