Steve Spiro’s Blog

The second round of the California Dream for All home down payment assistance program will be available in April. To qualify, at least one person must be a first-generation homebuyer or have been in the foster system. The program provides up to 20% of a home's purchase price as down payment assistance. Applicants must work…

Los Angeles County Assessor, Jeff Prang, reminds property owners affected by recent severe storms in California that they may be eligible for property tax relief. Owners of damaged or destroyed properties can file a claim for Misfortune & Calamity relief within one year of the incident. If approved, the assessed value of the property will…

Riverside: -Forecasted drop: ↓ 0.4 -Zillow's projected home value for November 2024: $552,819 Sacramento: -Forecasted drop: ↓ 2.4 -Zillow's projected home value for November 2024: $545,704

Luxury home buyers prioritize sustainability, with 550 global brokers emphasizing eco-friendly features and locations.Southern California buyers consider wildfire risk, and Puerto Rico luxury homes often feature solar panels.

Stockton -Homes sold above list price: 46.9% -Avg days on the market: 20 -Median sale price: $440K Fresno -Homes sold above list price: 41.7% – Avg days on the market: 17 -Median sale price: $372K

Orange County, California provides affordable housing options through programs offered by the Orange County Housing Authority (OCHA). These include the Project Based Voucher program, Non-Elderly Disabled (NED) program, and Section 8 Housing Choice Voucher program. These programs aim to assist low-income individuals and families in finding safe and affordable housing. Continue to full article

California lawmakers are implementing new "renters' rights" laws that are seen as burdensome for housing providers. The laws restrict landlords' ability to reclaim their property for personal use and limit security deposit amounts. Critics argue that these laws will discourage small landlords from renting out their properties and exacerbate the housing crisis. They believe that…

New housing laws in California aim to alleviate the housing shortage by removing barriers and boosting incentives for construction.Legislation includes speeding up apartment building approvals, aiding affordable housing, and easing environmental review processes.

California’s housing market is expected to become slightly more buyer-friendly by the end of 2024. Analysts predict more homes, better affordability, and potential price declines. Reasons for optimism: – Falling mortgage rates – Rising supply – Cooling inflation

New housing laws aim to tackle California's housing shortage by: 1. Streamlining the approval process 2. Boosting incentives 3. Curbing environmental lawsuit delays 4. Promoting accessory dwelling units (ADUs)