Author: admin
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Orange County Is Undergoing a Slow Office Recovery
The Orange County office sector is experiencing a market turnaround as tenants adjust to new workplace strategies. Net absorption was negative at the start of 2024, with South County seeing the most move-outs. Total vacancy rose to 18.1%, above the pre-pandemic average. Leasing activity remains slow, totaling 1.5 million square feet, below historical averages. Average…
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California’s Economic Landscape: Adapting to Rising Rates
While national economic data suggests a strong economy, many Americans are facing financial challenges. Increased borrowing costs due to the Fed policies are affecting housing affordability, and small business loans.
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California Housing Market Rebounds Amidst Falling Mortgage Rates
The California housing market rebounded in July, with home sales reaching a five-month high, driven by declining mortgage rates. Existing single-family home sales rose 3.6% from June and 4.1% year-over-year, totaling 279,810. The statewide median home price fell slightly to $886,560 but remains up 6.5% from July 2023. Inventory levels improved, with active listings increasing…
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Where to Buy Homes Under $100K in California
California offers affordable housing options like mobile homes priced at $100K or less in the following areas. Mobile homes in Desert Hot Springs are priced between $55K-$95K.
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When to Sell Your Commercial Property?
Selling commercial Real Estate depends on financial strategy and market conditions. Plan for a six-month sales cycle, including preparation, marketing, and closing.
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What Hidden Costs Come With Buying a California Home?
California homeowners pay an avg of $2,399 annually, excluding mortgage payments. Californians face additional annual costs: 1. $16,966 for maintenance 2. $6,832 for property taxes
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California’s Rent Payments to Impact Credit Scores
New California bill would allow tenants to report on-time rent payments to credit bureaus. ~17M renters, or 40% of Californians, could benefit from this bill.
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No Rate Cut: What It Means for California Mortgages?
The Fed has chosen to maintain current interest rates, signaling stability for mortgages in California. Prospects for lower lending rates in California remain dim, with the Fed indicating minimal rate cuts this year.
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Check out my new listing Address: 11131 Lindblade Culver City, CA 90230
Rare opportunity to own this beautiful, nostalgic, and charming 3-bedroom single-story home located in the highly sought-after, quiet, and friendly Park West neighborhood in Culver City. This vibrant city is one of the most desirable places to live, close to renowned beaches and marina and bike trails. Known for its award-winning schools and its rich…
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How To Sell A California Mortgage Note
Selling a California mortgage note offers immediate cash for various needs. Factors affecting note value include balance, interest rate, and borrower creditworthiness. Proper documentation and finding a reputable buyer are crucial. Negotiate terms, close the deal, and consider tax implications and market conditions. Professional assistance can ensure a smooth transaction. Benefits include debt consolidation, investment…