This question comes up at least once a week: People always want to know when the optimal time is to sell their home. The best time is when inventory is exceptionally low and demand is exceptionally high. It all goes back to supply and demand. When there is strong interest and very little to choose…
Native Californian Who Is Leaving California: ‘My Heart Is Broken’
June 17, 2021
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Some Californians are packing up boxes, loading them into their vans, and moving away from their state. Data suggests that 167,000 Americans are leaving California, which puts California at the top of the list of states with this mass migration. Several native Californians told The Epoch Times that what has driven them to move to…
Where Would I Move and Why?
Times have changed, and people don’t move around like they used to. It’s a big commitment to sell your home and move somewhere else, and it can be very expensive. One of the big fears people have is selling their home and not finding another in time to meet the escrow period. Another is that…
Long Distance Flip?
Dear Dave, I’ve been following your advice for about a year. I’m almost out of debt, and I live on a budget, but looking toward the future it seems like it will be very difficult to save up for a down payment on a home. I live in Chicago, and property prices are very expensive….
Wealthy California City Faces Growing Homelessness Crisis
June 6, 2021
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ArcadiaCaliforniahomelessnessLocal Newsreal estateRegional-Local NewsSouthern Californiatiny hometiny shelterUSUS NewsUS Real Estate
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On June 1, Arcadia’s city council for the second time delayed its decision on a “tiny shelter” proposal intended to relocate the city’s homeless, as the Los Angeles suburb struggles to deal with a growing homelessness issue. In 2015, there were 22 homeless individuals recorded living in Arcadia, 13 of whom were sheltered in transitional…
Why Is My House Not Selling?
“I’m totally stressed out because we’ve been on the market for eight weeks and we haven’t even had an offer.” Such were the words of a woman who called me to complain about her real estate agent, who led her to believe that she would have multiple offers after the first week. After she continued…
You’re in Good Shape Either Way
Dear Dave, I can’t decide whether to sell or keep a rental property. Except for the property in question I’m debt-free, and I make $90,000 a year. I owe $20,000 on the property, and it is worth $65,000. What do you think? George Dear George, You’re in pretty good shape financially, and you could probably…
Housing Prices Surge Across California
May 17, 2021
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CaliforniaCalifornia Association of RealtorscarhousingLocal NewsLos AngelesOrange Countyreal estateRegional-Local NewsSouthern CaliforniaUS
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LOS ANGELES—The median price of an existing, single-family detached home in the Los Angeles area rose to $725,000 in April, an increase of $45,000 from a month ago, mirroring a spike across California that brought the state’s median price above the $800,000 benchmark for the first time, a real estate group said May 17. The…
All California Metro House Prices Are Up
May 12, 2021
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Californiahousing markethousing pricesirvineNorthern CaliforniaOpinionOrange Countyreal estatereal estate marketSan FranciscoSilicon ValleySouthern CaliforniaUSUS Regional NewsViewpoints
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Commentary House prices were up significantly in all California metropolitan areas throughout the past year. The National Association of REALTORS (NAR) recently published its quarterly data for all of the median home prices for all of America’s metropolitan areas. It shows that all the California metro areas on its list saw home prices increase between…
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Orange County Detached Homes Now Fetching $1.1 Million
Commentary The median sales price for a detached home in Orange County has risen to $1.1 million, up 22 percent from the $900,000 median sales price in 2020. This rapid price increase is driven by strong demand and a low number of homes for sale. Across all of Southern California, the average home is expected…