Real estate news and product updates for California
If you own rental property in California, you were likely feeling a little nervous when Proposition 10 hit the ballot last November. The ballot initiative would have repealed the Costa Hawkins Rental Housing Act. Once that act was off the books, California cities would have much more freedom to impose rent control options.
Are you tired of living alone? Or maybe you’re tired of being solely responsible for the rent and utilities. If so, you’re not alone. Many Americans not only feel the psychological effects of living alone but are also facing a growing financial responsibility that falls squarely on their shoulders. It’s a hard road when your hell bent on living alone, especially in more expensive American cities like Miami, FL, Los Angeles, CA, or New York.
Those looking to invest in California may be worried about wildfires. Read below on how they've impacted the market.
San Francisco has some of the highest rents in the entire country. Rent isn’t the only thing that’s high in the city, though. Landlords here also require higher credit scores than those in other cities do, according to a study from RentCafe.
Los Angeles is the preferred North American destination for international real estate investors, according to the CBRE Global Investor Intentions Survey. Other popular North American cities/regions include Dallas/Fort Worth; New York; Washington, DC; and Atlanta.
Anyone who stays current on California real estate knows that the state is facing a serious supply and demand issue. There simply aren’t enough homes on the market, and those that are available get snatched up before the ink on the “For Sale” sign dries.
Did you know that in 2016, their was 1.5 million fewer homeowners? Many people, especially in states with a higher cost of living like California, are choosing to rent instead of buying real estate. Below are some of the best places to buy rental property in the Golden State if you're an investor:
A security deposit is money collected by a landlord in addition to rent and used to protect the landlord if the tenant violates the terms of the rental lease.
For several years, the rental market in San Francisco has been what could best be described as overheated, with rents escalating each year.