Author: admin
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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…
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California Home Sales Stay Below 300K
California home sales in Mid-Q2 totaled 272K Seasonally Adjusted Annual Rate (SAAR), ↓1.1% MoM and ↓6.0% yearly.Mid-Q2 marks the 20th consecutive month that California home sales remained <300K-threshold.
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Orange County Housing Market
Orange County's housing market is experiencing a slower rise in prices, with the median sales price of existing single-family homes hitting $1.4 million in March 2024. Despite a year-over-year decrease, sales volume has grown compared to the previous month. Experts have differing views on the market's trajectory for 2024, citing factors like mortgage rates and…