Author: admin

  • California Migrant Farmworker Housing Crisis: Key Points

    California Migrant Farmworker Housing Crisis: Key Points

    Problem: – California farmworkers face a housing shortage, especially during off-seasons. Solution: – The state provides 24 seasonal migrant housing centers, offering affordable housing from April to November.

  • Happy Lunar New Year

    Happy Lunar New Year

    恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…

  • 2024’s Top 10 Affordable California Housing Markets

    2024’s Top 10 Affordable California Housing Markets

    -Clearlake: Scenic, outdoor activities like boating, fishing -Bakersfield: Vibrant city, country music scene, diverse industries -Fresno: Diverse housing, agriculture, educational opportunities -Eureka: Fishing industry, educational options

  • How Much Hourly Income Is Required to Afford Rent in California?

    How Much Hourly Income Is Required to Afford Rent in California?

    Affordability challenges persist in high-cost states like California. California ranks 1 in the US for high rental costs.

  • Down payment assistance for homebuyers relaunches with new lottery

    Down payment assistance for homebuyers relaunches with new lottery

    California is increasing down payment assistance for first-time homebuyers by $250 million. Changes to the program include a lottery system instead of first-come, first-serve, and a focus on reaching a more diverse group of borrowers. The program aims to help those with steady income and decent credit scores, and has income eligibility thresholds. The state…

  • Home Sales Will Fall, Prices Will Rise in California

    Home Sales Will Fall, Prices Will Rise in California

    Many California realtors believe sales will ↓ and prices will ↑ in the coming year, although they report more transactions in December.California realtors project a potential ↑ 22.9% in single-family home sales in 2024, reaching 327K units compared to 266K in 2023.

  • Home-Repair Costs in California Soar Over a Decade

    Home-Repair Costs in California Soar Over a Decade

    Supply costs ↑ 5.8% yearly impacting home repair expenses. Californians saw ↑ 67% in home repair costs over a decade. Pandemic sped up supply and labor cost increases. Predicting improved supply chains and lower inflation may cut repair/remodel costs.

  • California’s Home Loan Program Implements Lottery System for Equity in Distribution

    California’s Home Loan Program Implements Lottery System for Equity in Distribution

    The California Dream For All Shared Appreciation loan program is being relaunched with changes to make it more accessible. The program will now use a lottery system to select recipients and has implemented new eligibility requirements. The loans cover down payment and closing costs on first homes, offering a maximum of either $150,000 or 20%…

  • Battling for Homes: California’s Challenge

    Battling for Homes: California’s Challenge

    California allocates over $500M for affordable housing, targeting low-wage workers and veterans. The state faces fierce competition as 240 projects request $3.5B, but only $576M is available. Developers emphasize the high cost of building affordable housing, requiring substantial funding support.

  • This Is What A $1,700 Rental Budget Can Get You In California

    This Is What A $1,700 Rental Budget Can Get You In California

    California renters may need to spend more to find an apartment that meets their space and location needs, according to a study by RentCafe. A $1,700 monthly budget in California can get a 704-square-foot apartment in some areas, but only a 294-square-foot apartment in others. In New York, the same budget can only afford a…