Steve Spiro’s Blog

Orange County Treasurer announces expanded coverage for delinquent property tax assistance under the California Mortgage Relief Program. Qualified homeowners facing financial hardship can receive up to $80,000 in assistance for missed mortgage or property tax payments. Eligibility criteria and application details are available on the program's website. Continue to full article

Late-Fall 2023 Median Home Prices: Median price rises across Southern California by 5.1%. County-wise Median Prices (2024): Orange County leads with $1.1 million, followed by Los Angeles, San Diego, Ventura, Riverside, and San Bernardino.

When buying a home, successful negotiation depends on understanding market value, finances, and inspection results. Tips include researching market value, knowing finances, and using a home inspection. Negotiate for price, repairs, warranties, closing costs, and other terms. Consider walking away if terms are unacceptable. Continue to full article

Tax Relief Eligibility: Property damaged by calamity may qualify for tax relief. Proposition 19 Transfer: Allows tax base transfer for substantially damaged properties.

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