SoCal Real Estate Journal

Daily Southern California real estate notes: ZIP-level median prices and inventory, school district comparisons, mortgage rates and pre-foreclosure trends.

Ten Things to Know Before Buying a Home in Southern California (2026 Edition)

· Buying Process

Ten practical things that decide whether a Southern California purchase goes smoothly: funds and identity, pre-approval, the real cost of owning, verifying the school district, inspections, agency, wire fraud, contract contingencies, off-market claims, and how to check your agent.

Giving a US Home to Your Children: Gift Tax, Estate Tax, California Prop 19, and the 60,000 Dollar Trap for Foreign Owners (2026)

· Foreign Buyers

For US residents, passing a home to children is rarely a tax problem in 2026 thanks to a 15,000,000 dollar lifetime exemption. For foreign owners it is a real problem: only 60,000 dollars of estate tax exemption on US property and no lifetime exemption for gifts. And California's Prop 19 reassesses most parent-to-child transfers. Here is how the three pieces fit.

Irvine: Leased in 2 Days at $7,000 a Month

· Case study

A four-bedroom home in a gated Irvine community, leased at $7,100 in 6 days in 2025 and at $7,000 in 2 days in 2026. What a landlord's year should look like.

Eastvale: Bought With Cash in 17 Days, Leased in 7

· Case study

A 3,117-square-foot five-bedroom home bought for $1,058,000 with a $20,160 credit and closed in 17 days, then leased at $4,100 a month a week after it was listed. Each step as a checklist item.

Monterey Park: A Corner Condo in Contract in 11 Days

· Case study

A renovated three-bedroom corner unit listed at $749,800, in contract with a cash buyer on day 11, closed at $731,000. Written as a letter to anyone selling a condo in the San Gabriel Valley.