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LA City Council's Vote: Lift zoning restrictions for affordable housing on public and city-owned land. It will expand affordable housing on civic-purpose-focused city-owned land by removing zoning and density restrictions.

Home prices in the US increased by 4.5% year over year in September 2023. The Northeastern states saw the highest price gains, with Maine experiencing a 10.1% increase. Despite rising mortgage rates, the housing market is expected to remain steady. Certain markets with in-migration from expensive states are showing strong price gains. The CoreLogic Market…

California strengthens tenant protections, closing rent hike loophole. Landlords must identify new occupants and have them move in within 3 mo. Landlords undertaking property remodeling must provide permits in eviction notices.

Thanksgiving is commonly known to commemorate the colonial Pilgrims’ harvest meal that they shared with Wampanoag Indians in 1621But it wasn’t a holiday until 1853 that Abraham Lincoln declared it a national holiday and kept Thanksgiving as the last Thursday in November.In many American households, the Thanksgiving celebration centers on cooking and sharing a bountiful…

California must build 3.5M homes by 2025 to address housing shortage. However, efforts have fallen short, with only 116K new units in 2022.The shortage led to: Rising rents Unaffordability Outmigration

The real estate market in Orange County, California continues to remain strong despite the recent economic downturn caused by the COVID-19 pandemic. Median price per square foot for a home in Orange County is currently $240, up from $238 in the past week. A notable sale that contributed to this increase was a 1,822-square-foot home…

New home builders in California aim to incorporate desirable features and amenities into their properties. Buyers are encouraged to share their preferences and ideas with builders, even if they seem unconventional. Discussing floor plans and flexibility is essential, considering how your needs may evolve over the next decade.

Reverse mortgages are becoming a popular option for seniors on fixed incomes, allowing them to access their home equity without having to make monthly payments. A Reverse Mortgage for Purchase program also allows seniors aged 62 or older to purchase a home without a mortgage payment. To qualify, borrowers must have their required investment and…

In October 2023, the inventory of homes for sale continued to grow late into the season, with 2.0% fewer homes actively for sale on a typical day compared to the same time in 2022. The total number of unsold homes, including homes that are under contract, decreased by 3.7%, and newly listed homes were 3.2%…

California offers lucrative opportunities for homeowners despite higher living costs. 1.Calculate closing costs: Title insurance Transfer taxes Property taxes HOA fees Seller concessions Legal fees