Author: admin
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13,000+ Californians Gain Housing Opportunities
California Housing Finance Agency helped 13.8K California households with housing stability and wealth-building in Fiscal Year 2022-23. CalHFA offers affordable housing and homeownership programs catering to various needs. These programs include down payment assistance, specialized programs for teachers, nurses, single mothers, and low-income homebuyers.
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California to Vote on Tax Reform in 2024
The Assembly Constitutional Amendment 1 (ACA 1) aims to ease funding for affordable housing and public infrastructure. The proposal introduces annual and independent audits to monitor fund utilization. It also establishes citizens' oversight committees for spending tracking.
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New California Law Will Remove Barriers to Development
This article summarizes four different stories about cities around the world. In San Francisco, CA a new state law will limit the ability of local residents to block dense urban projects. In Bergen, Norway, the world's longest bike tunnel has been completed, and in Colorado, a new front range rail line is gaining steam. Finally,…
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Hidden Tax Trap in Luxury California Housing?
Many middle-income tenants in California's subsidized housing programs may face unexpected tax bills due to an obscure taxation rule.
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Average Rent by State – Forbes Advisor – Mortgages
Apartment List's rental market data reveals that the average rent in the U.S. is $1,372 per month. The most expensive states to rent in are Hawaii ($2,418), California ($1,958), and the District of Columbia ($1,842). These states are expensive due to their temperate climates, dense populations, competitive housing markets, high cost of living, and above-average…
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Commercial Real Estate Values Drop Amidst Surge in Treasury Yields
Due to the surge in the 10-year Treasury yield, commercial real estate values have declined significantly, with some areas experiencing a drop of 20%. This has caused concern for the state of the market, with mortgage rates rising and returns for property investors decreasing. Analysts from Barclays forecast that office property prices will drop by…
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Income Needed to Live Comfortably in California
A recent survey reveals the income needed for singles to live comfortably in the US.
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California: Lowest Vacancy Rate in US
The avg vacancy rate in California is 8.5%.
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Reasons for California’s Status as the Most Expensive State
High State Income Taxes: California is known for its high state income taxes, which add to the overall cost of living.
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3 Housing Market Predictions for October 2023
The housing market in October is not looking any different from the current market, with mortgage rates remaining high and limited inventory. Home prices are also expected to continue to rise, making it even more difficult for buyers to afford. However, despite the challenge, it is still possible to buy a home in October. Continue…