Image courtesy of Flickr, Google Images
We answer the question of how much house $500,000 can buy in California from 2012-2015 using real estate listing images and addresses of homes in five popular cities throughout the state California.
How much you can buy with a given amount of money changes through the years, and by change we mean that your buying power diminishes as time goes on. Naturally, when the markets decline you temporarily have the opportunity to buy more for your money, but eventually the real estate market recovers and in many cases the values become higher than before the fell.
In this article we take a look, through listing images, at five cities in California: San Diego, Huntington Beach, Pasadena, San Luis Obispo and San Jose to give you a perspective of how much house you can buy with $500,000 from 2012-2015. We won't be looking at townhomes or condominiums in this article, we will only review single family homes as this tends to be the most popular property type among home buyers.
With an estimated population of 1,380,000 residents, San Diego is a city on the Pacific coast of California known for its beaches, parks and warm climate. Immense Balboa Park is the site of the world-famous San Diego Zoo, as well as numerous art galleries, artist studios, museums and gardens. A deep harbor is home to a large active naval fleet, with the USS Midway, an aircraft-carrier-turned-museum, open to the public.
With an estimated population of 201,000 residents, Huntington Beach is a seaside city within Orange County in Southern California. It is bordered by the Pacific Ocean on the west, and has been known for its long 8.5 miles of beautiful beach, mild climate, and excellent surfing, earning it the nickname of Surf City.
With an estimated population of 142,000 residents, Pasadena is the ninth-largest city in Los Angeles County. The city is known for hosting the Rose Bowl football game and Tournament of Roses Parade. In addition, Pasadena is also home to scientific institutions, including the California Institute of Technology (Caltech), and NASA's Jet Propulsion Laboratory (JPL).
With an estimated population of 47,000 residents, San Luis Obispo is one of California's oldest communities and is a city located roughly midway between Los Angeles and San Francisco on the Central Coast of California.
With an estimated population of 1,016,000 residents, San Jose is the third-largest city by population in California, the tenth-largest by population in the United States. Just a stones throw away from the city of San Francisco, by the 1990s, San Jose's location within the booming local high tech industry earned the city the nickname "Capital of Silicon Valley" with many prominent high tech firms calling the city their home.
Real estate agents receive commissions from home buyers and sellers, collectively earning over $50 Billion per year. Learn how commission amounts are set, who pays them, and how they work in this article. Read more.
List of secured property tax rates for all counties of California fiscal year for 2014-2015. Read more.
If you live in California and are over the age of 55 you can effectively reduce your property taxes when buying a new home. Read more.
You've heard the term used before, but what does loan closing mean? Find out all you need to know about the process. Read more.
Foreign real estate investment in the United States, both commercial and residential, is a huge phenomenon that is only expected to accelerate, maybe even to skyrocket, in 2016. Read more.
Houston Vs. Dallas? If you are considering moving to either of these major metropolitan areas, we've created a resource to help you make the decision process a little easier. Read more.
Whenever there is money to be made or money to be spent, some unscrupulous folks will take advantage, trying to game the system or commit all-out fraud. Read more.
In this article, we explore how homeowners insurance works and what happens in the event of a house fire. Read more.
Your DTI is used by mortgage lenders to determine whether you qualify for a loan, and if so, for how much. Improve your DTI with these 16 tips. Read more.
A bankruptcy will make it very difficult to attain a home loan. These 5 tips will help you re-establish your credit quickly in order to qualify for a home loan. Read more.