Texas Roadhouses Family Meal Deals Can Feed a Family of 4

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• Home Sellers in Florida and Texas Are Slashing Prices Amid Excess Inventory
• Alphabet and Microsoft help Wall Street clinch its best week in nearly 6 months
• Top 10 Metros in California with the Fastest Growing Sales Price
• Britney Spears ends protracted battle with her father over conservatorship legal fees
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For now, here’s a county-by-county breakdown of home prices and sales in November compared with a year earlier, as tracked by DQNews. Selma Hepp, an economist at CoreLogic, said she expected more of a slowdown in sales by now, noting that transactions usually fall between October and November but dropped less this year than normal. Whether you have a hungry family to feed, just don’t feel like cooking your own dinner, or want Texas Roadhouse to help you meal-prep for the workweek, these family meals seem like quite a value. The single-level home spans 2,800 square feet and has three bedrooms and four full bathrooms.

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Homeowners in parts of California are slashing the price of their properties by as much as 40 percent as they leave behind the explosive home appreciation that characterized the pandemic years. Use Redfin's home value estimator to get a free, instant home-value estimate, see nearby sales and market trends, and update your home facts and photos. Tracy Do, a Coldwell Banker agent who specializes in the highly sought-after neighborhoods of northeast L.A., said that once again, some homes are selling for more than $100,000 over asking. Essentially, buyers have been more willing than sellers to return to the market this spring.

Home Sellers in Florida and Texas Are Slashing Prices Amid Excess Inventory

A high or growing percentage of homes selling above list price indicates that the housing market is competitive and bidding wars are becoming more common. A low or shrinking percentage of homes selling above list price suggests that the market is becoming less competitive. In recent months, the market has cooled somewhat, with real estate agents reporting bidding wars are less intense but still common. Competition for homes typically wanes in fall and winter, so it’s difficult to know how much of the slowdown is the result of normal seasonal patterns versus a market that will be better for buyers in the long run. Squeezing the market is the supply of homes for sale, which is at record lows.

Alphabet and Microsoft help Wall Street clinch its best week in nearly 6 months

That’s 0.5% higher than in the previous month, October, and 15.6% higher than in November 2020. The gargantuan-sized meals appear to be for pick-up orders only and cannot be ordered in the restaurant and, again, the availability and price-point can vary from location to location. In April, the median sales price for an existing single-family house in Southern California rose 2% from a month earlier to $785,000, according to the California Assn. of Realtors. That was the third straight month prices climbed from the prior month. The property's listing says the Oakland home had been listed in February 2022 for $2,995,000 before being sold for more than $4 million, less than a month later. Castillo thinks the buyer "got caught up in the hype of the red hot market (pre-interest rate hike) and paid 1.1 million over asking [price]," he wrote on X.

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"Oof," wrote San Francisco Bay Area realtor Matt Castillo, who first spotted the listing, on X, formerly known as Twitter. "This house was sold in Oakland in March 2022 for 4.1M. Now it has been on the market [for] over 60 days and just had a price cut from 3M to 2.55M." Last year, rising mortgage interest rates chilled the previously hot Southern California housing market.

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Inside, the entire home is flooded with natural light thanks to custom steel casement doors and windows, along with a giant skylight over the great room. However, despite recent price cuts, home prices in California—including Oakland—remain historically high. To calculate the Redfin Estimate, we combine hundreds of data points about the market, the neighborhood, and the home itself—all to provide you with the most accurate home-valuation tools.

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C.A.R. conducts survey research with members and consumers on a regular basis to get a better understanding of the housing market and the real estate industry. Before coming to The Times he wrote about commercial real estate for the San Fernando Valley Business Journal. He holds a master’s degree in journalism from the University of Southern California’s Annenberg School for Communication and Journalism and graduated from the University of San Diego with a degree in history. Many economists and housing policy experts say Southern California, and the nation as a whole, must build far more homes — both market rate and subsidized — if owning and renting are to be more affordable. But developers say restrictive building and zoning rules, particularly in California, have long limited their ability to meet demand, and lately, supply chain issues have delayed some projects even more.

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That has potential buyers one-upping one another in bidding wars that cause homes to sell for tens, even hundreds of thousands of dollars over list price. The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 75,939 residential homes for sale in the United States.

A five-bedroom home in Oakland, California, that was listed for sale for $4.1 million in March 2022 is now once again available on real-estate marketplace Redfin for $2,550,000 after experiencing a price cut of more than 40 percent. In recent months, there have been growing signs home values may have resumed their climb, potentially dashing the hopes of first-time buyers holding out for cheaper housing in the months or years ahead. Smart Zone provides tools and insights necessary to convey your unique value proposition, effectively market your services, keep your clients abreast of current real estate market trends and help you achieve success in a dynamic industry. All the info you need on California’s housing market, economy, and issues impacting the industry.

Complete transactions and contracts electronically through zipForm®. C.A.R. advocates for REALTOR® issues in Washington D.C., Sacramento and in city and county governments throughout California. CoreLogic predicts year-over-year home price gains will slow in 2022, reaching 1.9% in L.A. John Burns Real Estate Consulting also expects a price slowdown next year, to the high single digits. In Los Angeles and Orange counties, November home prices hovered below the record levels reached, respectively, in September and October, but they were significantly higher than in November 2020. In November, the biggest price rises from a year earlier were in the Southland’s less-expensive counties of Riverside and San Bernardino, which each hit new median home price records.

Despite a modest fall during the so-called correction of late summer 2022 and spring 2023, home prices in California are now almost as high as they were during their peak in July 2022, when they reached an average of $769,345. As of February 29, the average California home value was $765,197, according to Zillow, up 5.4 percent over the past year. Prices in the Golden State were more than twice as high as prices at the national level, where the average home value was $347,716, up 3.6 percent year-over-year. Levine said still-high mortgage rates and a slowing economy are likely to damp demand enough to keep prices from soaring. According to several data trackers, home prices ticked up in the last few months. The C.A.R. Real Estate Mediation Center for Consumers has mediators available to assist buyers and sellers (as well as other parties to real estate transactions) in resolving their disputes.

The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in the United States is currently $816,800. Lambert says these local markets—including San Francisco and Oakland—are still suffering the impact of the recent tech sector's troubles, including trying to adjust to the rise of artificial intelligence (AI). The annual median price increase for all of Southern California, 15.6%, is lower than the 20% rise that was common in months earlier this year, but it’s also a few percentage points higher than a recent low of 12.6% in September. The region’s six-county median sales price reached an all-time high of $693,500 in November, according to data released Thursday by real estate firm DQNews.

In addition to historically low borrowing costs, several other factors continue to fuel today’s competitive market with fast-rising prices. More millennials want to become first-time buyers, and investors are increasingly buying homes to rent or flip. In addition, many white-collar workers did well financially during the pandemic and put some of their booming stock portfolios into down payments. Some economists expect home price appreciation will slow to single digits next year, in part because they expect mortgage rates will rise. That could be more likely to happen after the Federal Reserve on Wednesday announced more aggressive plans to fight inflation, but for now average mortgage interest rates remain in the low 3% range. Southern California home prices jumped nearly 16% in November from a year earlier, showing how the market is still ultra-competitive despite a slight slowdown that began to set in several months ago.

Find zipForm®, transaction tools, and all the closing resources you'll need. Wish you could catch up on California real estate law without having to read even more documents? Relax and watch a video as C.A.R.’s Legal Live Webinars bring you up-to-date on the hottest topics in real estate law. The Legal Action Fund advocates the REALTOR® point of view and assists in lawsuits pivotal to the real estate industry. Learn more about how the Legal Action Fund supports you in your business. Get a roundup of weekly economic and market news that matters to real estate and your business.