Category: Uncategorized

Southern California's spring home buying season is active, with rising prices and bidding wars. However, high mortgage rates and low listings are limiting sales. Median home prices have increased, with Orange County reaching a record high. Sales have risen, but remain below average due to affordability issues and limited inventory. Continue to full article

Orange County residents are reviewing their cities' housing development progress reports. Some cities like Irvine and Santa Ana have issued permits for over 2,200 housing units each, while others like HB and Fullerton have built very few homes. Overall, nearly 9,000 new housing units were approved, with a focus on above-moderate housing. Some cities are…

1. Ventura – Median home: $790K – Avg rent: $2,200 2. Imperial Beach – Avg rent: $1,895 – Median home: $740K 3. Oceano – Median home: $689K – Avg rent: $2,510 4. Arcata – Median home: $525K – Avg rent: $987

A proposed settlement in a massive antitrust case against Realtors is set to change the home selling process and how agents are compensated. The impact of the $418 million deal is uncertain, with questions arising about changes in agent payment, buyer-broker agreements, and potential lower commissions and home prices. Continue to full article

Experts predict a 23% rise in single-family home sales in California, addressing housing supply challenges. Supply constraints persist with California facing a 2.5M housing unit shortfall and limited single-family building permits.

Orange County has seen a significant increase in home prices, with the median reaching $1 million for the first time. Factors such as bidding wars, investor activity, and rising incomes have contributed to this surge. Despite rising mortgage rates, experts predict prices will remain high due to low inventory and strong demand. Continue to full…

The California Mortgage Relief Program has been successful in preserving homeownership opportunities for vulnerable populations, ensuring they have a chance to build a secure future. Continue to full article

CalHFA allows financing up to 96.5% of the home's purchase price with low down payment and lenient credit requirements. CalHFA assistance programs: – MyHome: Provides up to 3.5% deferred-payment junior loan – School Program: Aids K-12 teachers – ECTP: Assists teachers with down payment

Security deposits: – Limited to one month's rent for most housing providers (AB 12). Accessible units: – Local rent control jurisdictions can require accessible units for disabled tenants (AB 1620).