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Priciest to Buy a House by 2030: California
Projected average home price: over $1 million by 2030. High demand due to robust job market.
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More California Cities Are Banning Landlords From Using AI Software to Raise Rents
California officials are taking action against RealPage, a company accused of hindering competition and driving up rents through its revenue management software. The California Attorney General stated that RealPage's practices have made housing more difficult for millions. The company claims its technology benefits the rental market and plans to defend itself against a federal antitrust…
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Landlords are using AI to raise rents — and California cities are leading the pushback
California and federal prosecutors have accused RealPage of exploiting renters by inflating prices through its software, which allegedly facilitates unlawful information-sharing among landlords. San Diego's city council is drafting an ordinance to ban this pricing software, following similar actions in San Francisco. The federal antitrust lawsuit claims RealPage's practices harm competition and contribute to rising…
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California home price appreciation is cooling
Prices for starter homes in Riverside and San Bernardino counties fell 0.7% over the past year, marking the first decline in 17 months. This contrasts with a 2.4% increase previously. Luxury home values also cooled, rising 3.6% compared to 5.4% the prior year. Overall, inland prices increased by 0.9%, down from 3.4%. Other California markets…
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Why Buying a Home in California Outweighs Renting
With a rental cost of $161 per 100 sq ft, California has one of the highest rental prices in the US, with avg rents ~$3K/mo. California homes are spacious, averaging 1,860 sq ft, but buying a home offers better long-term value than renting.
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California Realtors Predicting a Rosier 2025
Home Sales Increase: Projected rise of 10.5% in single-family home sales, reaching 304,400 units in 2025.Price Growth: Median home price expected to rise 4.6%, reaching $909,400 in 2025 due to high demand.
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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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