Steve Spiro’s Blog
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Just Sold this listing Address: 11131 Lindblade Culver City, CA 90230
Rare opportunity to own this beautiful, nostalgic, and charming 3-bedroom single-story home located in the highly sought-after, quiet, and friendly Park West neighborhood in Culver City. This vibrant city is one of the most desirable places to live, close to renowned beaches and marina and bike trails. Known for its award-winning schools and its rich…
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Just Sold this listing Address: 6 Autumn Hill Laguna Hills, CA 92653
Welcome to this stunning 3-bedroom, 3-bathroom home, offering an array of desirable features. Enter through the beautifully hardscaped brick courtyard, setting the tone for what lies within. Inside, you'll find newer windows and side-by-side sliding patio doors, freshly painted walls, and timeless granite countertops in the kitchen. The kitchen window and a skylight above the…
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Southern California: High Rates Stall Late-Q2 Sales
Home Sales Decline: Southern California home sales fell 0.8% MoM and 2.7% yearly. Interest Rate Impact: High mortgage rates above 7% influenced the subdued sales pace.
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Saving for a Down Payment
Before saving for a home down payment, calculate the amount needed and set a deadline. Automatic deposits can simplify saving, and cutting expenses can increase savings. Down payment assistance programs may offset costs. The down payment influences affordability, interest rate, loan eligibility, and monthly payment. The minimum down payment depends on the loan program, and…
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California: What a $100K Salary Looks Like After Taxes
Take-home salary for single filers: $72,233 The top tax bracket applies to single filers with a taxable income of $850K or more.
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Orange County Is Undergoing a Slow Office Recovery
The Orange County office sector is experiencing a market turnaround as tenants adjust to new workplace strategies. Net absorption was negative at the start of 2024, with South County seeing the most move-outs. Total vacancy rose to 18.1%, above the pre-pandemic average. Leasing activity remains slow, totaling 1.5 million square feet, below historical averages. Average…
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California’s Economic Landscape: Adapting to Rising Rates
While national economic data suggests a strong economy, many Americans are facing financial challenges. Increased borrowing costs due to the Fed policies are affecting housing affordability, and small business loans.
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California Housing Market Rebounds Amidst Falling Mortgage Rates
The California housing market rebounded in July, with home sales reaching a five-month high, driven by declining mortgage rates. Existing single-family home sales rose 3.6% from June and 4.1% year-over-year, totaling 279,810. The statewide median home price fell slightly to $886,560 but remains up 6.5% from July 2023. Inventory levels improved, with active listings increasing…
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Where to Buy Homes Under $100K in California
California offers affordable housing options like mobile homes priced at $100K or less in the following areas. Mobile homes in Desert Hot Springs are priced between $55K-$95K.
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When to Sell Your Commercial Property?
Selling commercial Real Estate depends on financial strategy and market conditions. Plan for a six-month sales cycle, including preparation, marketing, and closing.
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