Steve Spiro’s Blog

Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!

California's new housing laws, SB 567 and AB 12, bring changes for landlords and tenants. SB 567 limits rent hikes to 10% and prevents evictions without legal cause. AB 12 reduces security deposit amounts. Landlords must follow strict guidelines for evictions and property remodeling. Small landlords have exceptions to the new laws. Continue to full…

Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival of Christianity.It is believed that Easter is named after the Anglo-Saxon goddess of the dawn and spring, known as Eostre.Examples of Easter traditions include Easter eggs and related games such…

Affordability and availability persist in Southern California's housing market, but sentiment may rise more in mid-2024. Consumer sentiment toward housing improves, encouraging re-entry if economy remains strong and rates drop.

The introduced federal bill aims to address the homeowners' insurance crisis, particularly in California. The bill aims to use federal reinsurance to prevent insurers from leaving high-risk markets and ensure coverage for natural disasters.

Americans are spending the most on mortgage payments, with California having the highest average monthly mortgage. West Virginia has the lowest. Arkansas has the second-lowest. The U.S. Census Bureau data shows the median household income is $74,755, while households spend $25,513 annually on essential bills. Continue to full article

Free money: – Up to $3K grants available for earthquake-proofing homes Eligibility: – Own a pre-1980 house with a crawl space in certain ZIP Codes.

California Housing Finance Agency’s Dream For All Shared Appreciation Loan program will continue awarding down payments.The budget for this year's program is $220M and between 1,600 and 2K loans will be awarded.

Recent California housing bills aim to ease hurdles, with a focus on pro-development and affordable housing initiatives.Senate Bill 423 and SB 4 speed up approval for affordable and religious institution-owned housing.

60-Plus bills signed: – Lawmakers tackle housing crisis, from tenant protections to streamlined development. Boosting affordable housing: – Religious institutions, colleges can build; coastal zoning barriers lowered