Author: admin
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Affordability and Availability Stymie Southern California Market
The Southern California housing market faces affordability and availability issues, despite a potential drop in interest rates and positive consumer sentiment, according to a report from the California Association of Realtors. High prices and mortgage rates contribute to low affordability. Home prices are set to rise in 2024, but affordability may improve slightly if rates…
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CalHFA: Empowering Homeownership Dreams
CalHFA offers low-interest loans with up to 3% assistance for first-time homebuyers. Programs like CalPLUS Conventional combine mortgage loans with zero-interest down payment assistance.
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How to apply for the 2nd round of California Dream for All home down payment assistance
The second round of the California Dream for All home down payment assistance program will be available in April. To qualify, at least one person must be a first-generation homebuyer or have been in the foster system. The program provides up to 20% of a home's purchase price as down payment assistance. Applicants must work…
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Tax Relief is Available for Natural Disasters
Los Angeles County Assessor, Jeff Prang, reminds property owners affected by recent severe storms in California that they may be eligible for property tax relief. Owners of damaged or destroyed properties can file a claim for Misfortune & Calamity relief within one year of the incident. If approved, the assessed value of the property will…
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5 California Spots With Falling Prices in 2024
Riverside: -Forecasted drop: ↓ 0.4 -Zillow's projected home value for November 2024: $552,819 Sacramento: -Forecasted drop: ↓ 2.4 -Zillow's projected home value for November 2024: $545,704
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Sustainable Luxury Homes in California: 2024 Trends
Luxury home buyers prioritize sustainability, with 550 global brokers emphasizing eco-friendly features and locations.Southern California buyers consider wildfire risk, and Puerto Rico luxury homes often feature solar panels.
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Where in California Will Bidding Wars Peak in 2024?
Stockton -Homes sold above list price: 46.9% -Avg days on the market: 20 -Median sale price: $440K Fresno -Homes sold above list price: 41.7% – Avg days on the market: 17 -Median sale price: $372K
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How to qualify for low income housing in orange county ca
Orange County, California provides affordable housing options through programs offered by the Orange County Housing Authority (OCHA). These include the Project Based Voucher program, Non-Elderly Disabled (NED) program, and Section 8 Housing Choice Voucher program. These programs aim to assist low-income individuals and families in finding safe and affordable housing. Continue to full article
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California continues to constrain the rental housing market — to its detriment.
California lawmakers are implementing new "renters' rights" laws that are seen as burdensome for housing providers. The laws restrict landlords' ability to reclaim their property for personal use and limit security deposit amounts. Critics argue that these laws will discourage small landlords from renting out their properties and exacerbate the housing crisis. They believe that…
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California’s New Laws Streamline Home Building in 2024
New housing laws in California aim to alleviate the housing shortage by removing barriers and boosting incentives for construction.Legislation includes speeding up apartment building approvals, aiding affordable housing, and easing environmental review processes.