Mindblown: a blog about philosophy.
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Experts Give Their Five-Year California Real Estate Forecast
High home prices will persist due to limited inventory, strict zoning laws, high construction costs, and strong buyer competition.Climate-related issues, especially wildfires, could significantly raise insurance costs, impacting home affordability and shaping future development.
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California: Price Surge Amidst Sales Trend Shifts
In Mid-Q1, San Diego's median home price reached $1.04M, marking a 6.1% increase. California's statewide median home price rose by 2.8% yearly, settling at ~$829K.
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OPEN HOUSE STARTS TOMORROW!! PRICE DROP!! Now $1,299,888!! Visit 49 Nightshade in Irvine—3-bed, 3-bath Quail Hill condo with upgrades & amenities.
PRICE IMPROVEMENT! Don't miss your chance to visit 49 Nightshade, this charming 3-bed, 3-bath condo in Irvine’s desirable Quail Hill Community is listed at the improved price of $1,299,888. Built in 2003, this 1,683 sq. ft. home features a three-level floor plan with a 2-car garage and bonus storage basement. The spacious living area boasts…
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California Home Sales Plunge 10% on High Rates
High mortgage rates caused a 10% drop in California home sales in Eary-Q1 2025. Median home prices fell 2.6% MoM but increased 6.3% yearly.
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SoCal: When Will the Price Slide End?
Southern California home prices fell 0.4% in Early-Q1, marking six consecutive months of declines. High mortgage rates and increased housing supply have led to slower price growth.
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Happy April Fool’s Day
Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!
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Insurance Protections Granted for Hughes Fire Homeowners
California Insurance Commissioner Ricardo Lara has expanded the one-year moratorium on homeowners insurance non-renewals and cancellations to include residents affected by the Hughes Fire. This measure protects homeowners from losing their insurance due to wildfire risk, providing stability for families recovering from disasters. The moratorium now covers specific ZIP codes around the Hughes Fire area.…
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How Stable Is California’s Housing Market?
California’s housing market has a 33.1% chance of a 5% price drop over the past 25 years, higher than the US avg of 26.4%.Home prices ↑ 315% since 2000, compared to ↑ 196% nationwide.
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How California’s Climate Chaos Hikes Property Taxes
California faces rising property taxes as wildfires increase, leading to costly reassessments. Rebuilding after wildfires restores pre-damage property tax assessments, leading to higher taxes once homes are reconstructed.
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Cities with the most expensive homes in the Los Angeles metro area
The Los Angeles metro area features several cities with high home values, reflecting significant price changes over the past year and five years. Hidden Hills tops the list with a typical home value of $4,791,166, followed by Beverly Hills at $3,453,888 and Newport Beach at $3,321,652. Other notable cities include Malibu, Rolling Hills, and Manhattan…
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