Category: Uncategorized
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Regulating private sector investment is the wrong way to address California’s housing affordability crisis
California's housing crisis stems from a severe supply shortage, worsened by restrictive zoning and costly building codes. Proposed laws limiting investor ownership of single-family homes, aimed at improving affordability, would likely reduce rental supply and worsen the problem. Investors own less than 1% of such homes, and the real issue is the state's failure to…
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California Poised to Pass Groundbreaking CEQA Exemption for Infill Housing
California is set to enact Assembly Bill 609, exempting certain infill housing projects from CEQA review to speed up urban housing development while maintaining environmental protections. The law targets code-compliant projects in developed areas, aiming to reduce costly delays and litigation that have hindered housing supply. It includes fair labor wage provisions and aligns with…
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2025 Outlook: California Home Sales up 10.5%
California home sales are projected to grow 10.5% in 2025, reaching approximately 304,400 transactions. Median home prices are forecasted to rise 4.6% to $909,400 in 2025.
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What’s California’s Post-Tariff Homebuilding Cost?
California homebuilding costs rose by $68,200 after tariffs. Golden State builders pay more for lumber and steel.
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Bay Area Housing Market Sees a Big Decline in Home Sales
The Bay Area housing market is cooling, with home sales down 8.2% year-over-year and prices declining in most counties. Inventory has risen nearly 50%, increasing buyer options and negotiation power. Median days on market have also increased, signaling a shift from a seller's to a buyer's market. Economic uncertainty, high mortgage rates, and tech sector…
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California Senate Advances SB 79 to Address Housing Crisis
California's Senate Appropriations Committee advanced SB 79, aiming to legalize multi-family housing near major transit stops and allow transit agencies to build housing on their land. The bill targets restrictive zoning, permits buildings up to seven stories near transit, and supports transit-oriented development to address housing shortages, reduce costs, lower emissions, and stabilize transit funding.…
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California Home Sales Are Set to Rise 10 % in 2025
California home prices forecast to hit $909K in 2025, rising 4.6% year-over-year.Projected home sales to surge 10.5% in 2025, reaching 304,400 statewide.
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How to Know if a Home Fits Your Lifestyle?
Research local schools even if you don’t have kids — they influence home values. Consider internet availability and speed, especially for remote work or streaming needs.
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Living in California Just Got Pricier: Here’s Why
California is among the states where the cost of living is climbing faster than elsewhere in the US. Housing prices have skyrocketed, with median home values over $788K. Grocery bills and rent in major cities continue to rise, adding financial pressure on residents. Everyday essentials now come with a little extra sticker shock. It’s becoming…
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Happy Fourth of July
To all great Americans around the world, a very Happy Fourth of July to you all. This day is incredibly significant as the day the United States officially became its own nation. Let’s celebrate America’s birthday with festivals, parades, fireworks and other festive activities.The 4th of July marks the day America became a country where…