The Homeownership Challenge in California If you’re a renter in California dreaming of homeownership, you’ve likely been hit with some daunting numbers. In 2024, the median home price in California has reached approximately $838,200, which is nearly double the national median home price of $439,455. California's housing market has seen a price increase of about 6.9% compared to the previous year,...
As many know, California's Department of Financial Protection declared Silicon Valley Bank (SVB) insolvent on March 10th. The same Department named the FDIC as a receiver. Although SVB was better known for financing tech companies, this financial institution was also a significant mortgage lender, and its collapse may affect the Bay Area’s real estate market. A brief history of SVB SVB was...
by Lex Shan
The best season for real estate Spring is often considered the best season for homebuyers. In fact, 40% of all home sales occur between April and July. Â There are several reasons for this to happen: Better weather conditions: Spring is when the weather is usually mild and pleasant. This means homebuyers can comfortably visit open houses and take tours of properties without worrying about extreme...
A massive challenge for every Californian Californians have a huge challenge when they want to become homeowners. The average home price in our state is $760,800, significantly above the national average of $428,700. In the Bay Area, it is even worse: $1,084,500 is our regional average. With these numbers, becoming a homeowner for the first time might seem nearly impossible. On top of that,...
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