Welcome to today’s real estate news roundup! Stay up to date on the latest developments in the housing market with our curated selection of stories. Discover major housing and construction projects in Santa Cruz County, explore housing market predictions for 2024, learn about the grand opening of new luxury home communities in Gilroy and Bickford, and gain insights into the income needed to afford a median-priced home in California. Whether you’re interested in local initiatives, market trends, or personalized homebuying experiences, we’ve got you covered. Read on to learn more about the exciting happenings in the world of real estate.
Housing and construction projects in Santa Cruz County – Santa Cruz Local
Stay up to date on major housing and construction projects across Santa Cruz County and find out how to make your voice heard. Discover the latest developments in water and highway projects that are shaping the future of our community. Whether you’re interested in new bridges for cyclists, bus-on-shoulder areas, or other infrastructure improvements, we’ve got you covered. Explore the exciting initiatives happening in Santa Cruz County and be a part of the conversation.
Housing Market Predictions For 2024: When Will Home Prices Be Affordable Again? – Forbes Advisor
Thanks primarily to an unexpected rise in mortgage rates, the spring home-buying season has yet to spring to life. While newly built home sales are thriving, sales of existing homes have stagnated, contributing to the country’s low housing supply. However, experts forecast an increase in home sales transactions compared to last year and anticipate a slower increase in home prices over the course of 2024. Despite ongoing affordability hurdles, there is optimism for a better housing market this year. Explore the latest predictions and insights on the housing market to stay informed about the future of home prices.
KB Home Announces the Grand Opening of Two New Communities Situated Within the Highly Desirable Glen Loma Ranch Master Plan in Gilroy, California
KB Home is excited to announce the grand opening of Palomino Villas and Palomino Estates at Glen Loma Ranch in Gilroy, California. These new homes are designed for modern living, featuring spacious interiors, modern kitchens, and stunning mountain views. The communities are nestled within the beautiful Glen Loma Ranch master-planned community, offering over 150 acres of preserved open space, trails, parks, and access to local schools. KB Home stands out by building strong relationships with customers and providing personalized homebuying experiences. With energy-efficient designs and a focus on contemporary living, KB homes offer comfort, sustainability, and customization. Explore the exceptional lifestyle and commuter-friendly location of Palomino Villas and Estates at Glen Loma Ranch.
Toll Brothers Announces New Luxury Home Community Now Open in Bickford, California | Markets Insider
Toll Brothers, the nation’s leading builder of luxury homes, is excited to announce the grand opening of Ridgeline at Bickford, an exclusive gated luxury community in Bickford, California. The community offers new homes in Placer County with spacious floor plans, luxurious features, and dynamic structural options. Homebuyers can personalize their dream homes at the Toll Brothers Design Studio, choosing from a wide array of selections with the assistance of professional Design Consultants. Located in the beautiful Bickford Ranch master-planned community, Ridgeline at Bickford provides an exceptional lifestyle near Sacramento, with access to amenities, parks, golf courses, wineries, and more. Explore the stunning collection of new home designs by Toll Brothers.
Map: What You Need to Earn to Afford a Median-Priced Home in Your County in California | KQED
In San Mateo County, homebuyers need to make an annual income of $511,000 to afford a median-priced home, making it the highest in the state. The lack of affordability is driven by high interest rates, rising home prices, a shortage of supply, and stagnant incomes. Only 17% of earners in California can afford a median-priced home in their county, a steep drop from previous years. While interest rates are expected to come down, the shortage of supply will likely keep home prices high. The high cost of living in the Bay Area is becoming a vulnerability for companies and the region as remote work enables employees to live anywhere. The growth in home prices is also attributed to a lack of new housing construction. Explore the map to understand the income needed to afford a home in your county.