Steve Spiro’s Blog

California's rental market differs from other major states, with fewer large landlords. Texas and Florida have more corporate-owned rental properties, while New York has a similar situation to California but with slightly more large landlord ownership. Midwestern states have a higher proportion of small landlords. California's high cost of living leads to higher rental incomes,…

Despite rising interest rates, the Southern California Housing Market remains resilient. A downturn in November 2023 led to a 5.6% decline in home sales, but median sold prices rose by 9.9%. Regional disparities were noted, with Los Angeles seeing a drop in sales and Orange County experiencing increased prices and sales. The market is expected…

What Is A Mortgage? Continue to full article

California's buyer’s market faces dwindling home supply, moving toward a negative loopReal Estate's rule of thumb: 6-mo's supply favors buyers, 3-mo’s, sellersLate-Q3 saw a seller’s market with a mere 2.8-mo of housing inventory.

Northern California Retreats & Median Prices -Eureka: Coastal town, Victorian homes, Redwood Park; $420K -Sacramento: Capital city, city life, affordability; $485,500 -Fairfield: Near Napa wineries, ideal for wine lovers; $625K

1.California grapples with the risk of wildfires and housing development in high-threat zones. 2.Arizona faces water scarcity and growth demands, forcing decisions on where to build homes. 3. New Jersey, densely populated and flood-prone, has shown success in limiting construction in high-risk areas for flood protection.

It's 'extremely likely' we've seen mortgage rates peak, Capital Economics says, and mortgage demand is starting to … Continue to full article

Accessory Dwelling Units (ADUs) offer a solution to housing affordability challenges. Recent policies like California's AB 1033 bill streamline ADU installation and condo conversion. ADUs offer income potential, appealing to Real Estate investors, especially during economic uncertainty.