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C.A.R. releases its 2022 California Housing Market Forecast

California housing market to remain solid if pandemic is kept under control, but structural challenges will persist. Existing, single-family home sales are forecast to total 416,800 units in 2022, a decline of 5.2 percent from 2021’s projected pace of 439,800.California’s median home price is forecast to rise 5.2 percent to $834,400 in 2022, following a projected 20.3 percent increase to $793,100...

This Is the Best Time of Year to Buy a Home!!!

Many people have struggled to buy a home in today's market. Low levels of inventory combined with inflated home prices have made it tough for buyers to snag a place of their own. If you've been struggling to buy a home, here's some good news. We happen to be coming up on the best time of the year to purchase property, according to one major source. So if you keep at it, your luck might change for the...

Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. Every region in the country is experiencing at least a 14.9% increase in home price appreciation. What About Price Appreciation in 2022? Prices are the result of the balance between supply and demand. The demand for single-family...

California housing market continues to normalize as home sales and prices curb in July

California housing market continues to normalize as home sales and prices curb in July Existing, single-family home sales totaled 428,980 in July on a seasonally adjusted annualized rate, down 1.6 percent from June and down 2.0 percent from July 2020.July’s statewide median home price was $811,170, down 1.0 percent from June and up 21.7 percent from July 2020.Year-to-date statewide home sales were up...

New Prop. 19 property tax measure can save you money

Most California homeowners probably have heard about Proposition 19, the new property tax law that allows seniors and disabled homeowners to keep their current property tax rate when they sell their home and buy a new one. But they may not know how to apply this new law when moving to a new home. It’s the state’s largest expansion of property tax benefits in decades, basically allowing...

Ria Realty expands to Florida

I’m thrilled to introduce Ria Realty, FL. After more than 10 years of running a successful residential real estate brokerage here in CA, I have decided to expand Ria Realty in Florida. I will be specializing in residential investments and have all experienced teams lined up to make remote residential investments as easy as it can be with a commitment to excellence in customer service as...

Will the Housing Market Crash in the Next 5 Years?

History has taught us lessons about recessions, depressions, stock market crashes, housing market crashes and even pandemics. We can learn from the past to prepare for the future. One thing we know for sure is that the economy always fluctuates. On the same note, people can expect major changes in the real estate market over the next 5 years as technology evolves.  Robots will take...

Mortgage applications sink to their lowest level since before the pandemic hit

Mortgage applications decreased 1.8% last week, according to the Mortgage Bankers Association’s seasonally adjusted index, falling to the lowest level since the beginning of 2020.  Both refinance and purchase applications took a hit. Mortgage applications to refinance a home dropped 2% for the week and were 8% lower than a year ago.The decline came even as mortgage rates fell. Mortgage demand fell...

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