Steve Spiro’s Blog

Ensure utilities are on freeze post-purchase to manage energy use during moving. Replace old light bulbs and appliances with energy-efficient ones for long-term savings.

In California, a 3-bedroom house averages $600K, but prices vary, with cities like SF and LA surpassing $1M. In 2024, California's housing market remains competitive; low mortgage rates and high demand favor some buyers.

California is offering an interest-free loan to low-income first-time homebuyers to assist with down payments. The Forgivable Equity Builder Loan program provides up to 10% of the home's purchase price, forgiven if the buyer stays in the home for five years. The initiative aims to make homeownership more accessible in a challenging housing market. Continue…

Timing is crucial in California's volatile Real Estate market, impacted by factors like interest rates and economic conditions.Interest rates significantly influence home affordability, requiring monitoring for optimal decision-making.

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