{"id":4346,"date":"2017-01-17T15:28:16","date_gmt":"2017-01-17T23:28:16","guid":{"rendered":"https:\/\/www.costulessdirect.com\/?p=4346"},"modified":"2022-12-23T03:02:54","modified_gmt":"2022-12-23T03:02:54","slug":"southern-californian-home-prices-are-skyrocketing-protect-your-investment","status":"publish","type":"post","link":"https:\/\/www.costulessdirect.com\/blog\/southern-californian-home-prices-are-skyrocketing-protect-your-investment\/","title":{"rendered":"Southern Californian Home Prices Are Skyrocketing\u2014Protect Your Investment!"},"content":{"rendered":"<p>Despite the escalating cost of houses in Southern California, more than 23,000 houses and condos sold in August, according to the <a href=\"http:\/\/www.latimes.com\/business\/realestate\/la-fi-home-prices-20160919-snap-story.html\" target=\"_blank\" rel=\"noopener\">L.A. Times<\/a>. That\u2019s a 9.5% spike compared to August 2015 and a 10-year high across all 6 counties, per real estate data firm CoreLogic. No doubt, those buyers are protecting their investment with <a href=\"https:\/\/www.costulessdirect.com\/blog\/category\/home\/homeowners-insurance-california-home\/\"><strong>homeowners insurance<\/strong><\/a>. Here\u2019s why.<\/p>\n<h2><strong>Southern California Houses Are in Demand<\/strong><\/h2>\n<p>This summer, the <a href=\"http:\/\/www.latimes.com\/business\/la-fi-home-prices-20160817-snap-story.html\" target=\"_blank\" rel=\"noopener\">L.A. Times<\/a> reported that the price of southern California houses has gone up every month for at least the past four years. The median price climbed an average of 6.2% from a year earlier, resulting in the following figures:<\/p>\n<ul>\n<li>$280,000 in San Bernardino<\/li>\n<li>$335,000 in Riverside<\/li>\n<li>$495,000 in San Diego<\/li>\n<li>$523,000 in Ventura<\/li>\n<li>$531,500 in Los Angeles<\/li>\n<li>$640,000 in Orange<\/li>\n<\/ul>\n<p>If you\u2019re wondering how people can afford such prices, you aren\u2019t the only one.<\/p>\n<p>\u201cMany experts predict prices to level off more\u2014in large part because only about 30 percent of California households can reasonably afford to purchase the state\u2019s median-priced home,\u201d the <em>L.A. Times<\/em> said.<\/p>\n<p>In the meantime, bidding wars are breaking out due to a shortage of homes for sale, job growth, and record-low mortgage rates.<\/p>\n<p>Home builders, who stopped building during the housing bubble, are licking their chops. The National Association of Home Builders\u2019 confidence index, or optimism level, jumped six points in August.<\/p>\n<p>\u201cStill, developers are not constructing homes at historically normal levels\u2014one of the factors experts blame for the shortage of houses for sale and strong price appreciation,\u201d the <em>Times<\/em> said.<\/p>\n<h2><strong>Homeowners Insurance Provides Peace of Mind<\/strong><\/h2>\n<p>When you spend so much hard-earned money on something, you take care of it and try to keep it safe. Remember how you buffed scratches from your motorcycle or parked your first car a mile from the store so people wouldn\u2019t hit it? Think of <strong>homeowners insurance<\/strong> the same way. It can\u2019t prevent natural disasters, such as earthquakes, any more than you can stop pebbles from hitting your Harley or someone\u2019s car door from denting your own. But there are a lot of things insurance can do, depending on your policy. For example, <strong>homeowners insurance<\/strong> can:<\/p>\n<ul>\n<li>cover damage from fire, lightning, or hail.<\/li>\n<li>pay to repair or rebuild your home, including electrical wiring and plumbing<\/li>\n<li>reimburse you for damaged furniture and electronics.<\/li>\n<li>pay housing and living expenses if you have to live elsewhere during rebuilding.<\/li>\n<\/ul>\n<p>You may still be balking at the thought of paying money each month for something that may or may not happen. Financial adviser, author, radio host, and TV personality Dave Ramsey understands.<\/p>\n<p>\u201cWe all hate insurance, until we need it,\u201d he said. \u201cWe pay and pay on those premiums, and sometimes we feel insurance poor. But some insurance you simply can\u2019t afford to go without. Homeowners insurance is no exception.\u201d<\/p>\n<p>Protect your home\u2014your investment\u2014with homeowners insurance now to avoid bigger problems down the road. Contact Cost-U-Less today for a free <a href=\"https:\/\/www.costulessdirect.com\/insurance-solutions-california\/homeowners-insurance\/\"><strong>homeowners insurance<\/strong><\/a> quote. We can help you find a rate that fits your budget, so you don\u2019t feel like you\u2019re taking a hit each month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the escalating cost of houses in Southern California, more than 23,000 houses and condos sold in August, according to the L.A. Times. That\u2019s a 9.5% spike compared to August 2015 and a 10-year high across all 6 counties, per real estate data firm CoreLogic. No doubt, those buyers are protecting their investment with homeowners [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[720,703],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/4346"}],"collection":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/comments?post=4346"}],"version-history":[{"count":1,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/4346\/revisions"}],"predecessor-version":[{"id":6708,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/4346\/revisions\/6708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/media\/6707"}],"wp:attachment":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/media?parent=4346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/categories?post=4346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/tags?post=4346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}