Mindblown: a blog about philosophy.
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California Real Estate Forecast for 2030
Prices may rise 5-10%, pushing the median price over $1 million. If California meets its 2.5 million housing unit goal by 2025, price growth could slow.
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Check out my new listing Address: 2931 Kobio Dr Concord, 94519
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Check out my new listing Address: 902 Bacchus APT 5 Hercules, 94547
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California enacts mortgage law on co-borrowing with divorces
On September 22, California's Governor signed AB 3100, changing requirements for conventional home mortgage loans. Starting January 1, 2027, loans secured by owner-occupied properties with up to four units must allow existing borrowers to purchase another borrower’s property interest, assuming the seller’s mortgage in cases of divorce or legal separation, if qualified. This aligns state…
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Mortgage rates are dropping: what it means for California homeowners and homebuyers
Homeownership is vital for building generational wealth, especially in the Black community, where 90% of wealth gains come from it. The Federal Reserve may cut interest rates, impacting affordability for buyers and current homeowners. Prospective buyers should focus on financial readiness rather than timing the market. Low down payment options and grants are available. Existing…
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When will the housing market crash again in California?
The California housing market is experiencing a downturn, with home sales in August hitting a seven-month low at an annualized rate of 262,050, marking a 6.3% drop from July. The median home price has plateaued at $888,740, showing minimal year-over-year growth. Despite lower interest rates, buyer hesitance persists. However, stricter lending standards and low inventory…
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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.
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California’s Housing Shortage: Legislative Response Underway
California’s Legislature passed over thirty bills addressing homelessness and housing shortages in September 2024. Current legislation emphasizes central planning to achieve an “adequate” housing supply in California.
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Benefits of 2024 Fall and Winter for California Homebuyers
Autumn sees determined sellers open to negotiations, accepting lower prices in September through November. In winter, housing prices drop and reduced competition helps you find negotiable deals on your dream home.
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Bay Area Housing Market Predictions 2030
Predictions for the Bay Area housing market by 2030 indicate soaring home prices, potentially reaching between $2 million and $2.6 million. A chronic shortage of available homes is driving intense competition and bidding wars among buyers. The tech industry's growth and the rise of remote work are reshaping living preferences, with more residents moving to…
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