Home sales in the California desert dropped year over year this past July. However, residential real estate prices increased to a median of over $300,000. This is tied for the year's highest up to this point.
Hotel sales in California rose during the first six months of 2016. However, the pace of commercial real estate transactions involving hotel properties is slower than it was during this period last year. Still, hotels overall remain strong performers in the state.
Senior citizens are often vulnerable to mistreatment, including financial elder abuse or financial exploitation. According to the National Committee for the Prevention of Elder Abuse, the term financial elder abuse includes a broad range of treatment against senior citizens, including:
People selling commercial properties in California have experienced huge benefits from today's lack of balance between demand and supply. This is especially true for people in Southern California. However, in light of today's climate, where there is strong demand and too little supply when it comes to commercial real estate transactions, buyers are becoming savvier.
The real estate market in California is considered to be hot when times are good for both real estate agents and sellers. Therefore, a residential real estate market that is deemed hot may not necessarily be good for buyers. However, this past month was a little different.