Category: Uncategorized
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California’s Wildfire Crisis: $760 Billion Rebuild Bill
Over 1.2 million California homes face high wildfire risk, with reconstruction costs exceeding $760 billion. California FAIR Plan offers limited insurance, with major insurers retreating from high-risk zones.
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California’s New Home Construction Rises
Single-family Permits Increase: Up 13% from 2023, highest in two years. Multifamily Permits Decrease: Hit a 12-year low, down 27%.
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Southern California Investor Bets on Mid-Market
A property at 989 Market St. was acquired for $13.5M, marking a major post-pandemic investment. The six-story building will be marketed as a multitenant space due to lower demand for full offices.
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Mortgage rates are dropping: what it means for California homeowners and homebuyers
Homeownership is vital for building generational wealth, especially in the Black community, where 90% of wealth gains come from it. The Federal Reserve may cut interest rates, impacting affordability for buyers and current homeowners. Prospective buyers should focus on financial readiness rather than timing the market. Low down payment options and grants are available. Existing…
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How Much Does It Cost to Sell a House in California?
Selling a home in California typically costs 9.81% of the sale price, including REALTOR® fees, closing costs, and staging.The avg REALTOR® commission in California is 5.11% of the home’s sale price, with a potential seller concession to help cover buyer’s agent costs.
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California launches $80 million rebate program to electrify multifamily buildings, homes
California has initiated an $80 million rebate program to support the electrification of multifamily buildings and homes across the state. Continue to full article
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These 4 States Have the Most Mortgage Balances Over $1 Million – What Does That Mean for Their Housing Markets?
Mortgage balances exceeding $1 million are prevalent in California, New York, Florida, and Washington, indicating rising home prices and affordability challenges. California leads with cities like Atherton averaging $2,447,013, while New York's Sagaponack follows at $1,888,234. Florida's Bal Harbour tops the list at $2,589,207. Washington's Clyde Hill averages $1,783,075. The trend suggests a growing luxury…
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Benefits of 2024 Fall and Winter for California Homebuyers
Autumn sees determined sellers open to negotiations, accepting lower prices in September through November. In winter, housing prices drop and reduced competition helps you find negotiable deals on your dream home.
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Tips for Your Upcoming Mortgage Renewal
Initiate discussions with lenders up to 120 days before renewal to compare rates and secure the best termsExplore options beyond your current lender to ensure you're getting the most competitive rate.
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Home Sales Slow Across CA
Home sales in Southern California and statewide slowed in August, with a 2.3% decline in the region compared to last year and a 5.3% drop from July. Los Angeles County saw a 3.2% decrease from July, while Orange County dropped 6.5%. Statewide sales fell 6.3% from July but were up 2.8% year-over-year. The median price…