California's 24-mo streak of rising rents has ended, with the number of empty rental units reaching a 2-yr high.
Statewide, rents in California ↓ 0.7% over the past year, marking the first yearly decline since April 2021.
Vacancy rates in California ↑, with 5.4% of units being vacant statewide, the highest level since March 2021.
The supply of empty units in California has returned to pre-pandemic levels seen in 2018-19.
First Dip in California Rents in Two Years
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California Housing Laws in 2024: A New Era of Building Begins
California's housing shortage is a long-term problem, but 2024 marks a turning point with new laws aimed at boosting construction. Barriers are removed and incentives are increased for housing development.
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Multifamily Rents Predicted to Rise in Southern California Over the Next Two Years
A report from USC's Lusk Center for Real Estate predicts rising multifamily rents in Southern California, posing challenges for commercial real estate financing. Factors like maturing debt, high interest rates, and housing supply issues contribute to a complex landscape for renters and landlords. Efforts to increase affordable housing may be hindered by additional costs in…
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California’s Diverse Cities: Exploring Allure
Los Angeles: Multicultural environment, diverse cuisine, vibrant arts, outdoor lifestyle, and unique neighborhoods.San Diego: Year-round sunny weather, excellent surfing opportunities, urban lifestyle benefits, and diverse culinary scene.
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Happy Women’s Day
International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote. Things were made official in 1975 when the United Nations…
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California Cities Lead 2024 Home Sales
Realtor.com analyzes markets for 2024 sales growth predictions. -Oxnard-Thousand Oaks-Ventura is ranked 2nd -San Diego-Chula Vista-Carlsbad is ranked 4th
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CalHFA: Empowering Homeownership Dreams
CalHFA offers low-interest loans with up to 3% assistance for first-time homebuyers. Programs like CalPLUS Conventional combine mortgage loans with zero-interest down payment assistance.
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