Steve Spiro’s Blog
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What Hidden Costs Come With Buying a California Home?
California homeowners pay an avg of $2,399 annually, excluding mortgage payments. Californians face additional annual costs: 1. $16,966 for maintenance 2. $6,832 for property taxes
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California’s Rent Payments to Impact Credit Scores
New California bill would allow tenants to report on-time rent payments to credit bureaus. ~17M renters, or 40% of Californians, could benefit from this bill.
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No Rate Cut: What It Means for California Mortgages?
The Fed has chosen to maintain current interest rates, signaling stability for mortgages in California. Prospects for lower lending rates in California remain dim, with the Fed indicating minimal rate cuts this year.
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Check out my new 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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How To Sell A California Mortgage Note
Selling a California mortgage note offers immediate cash for various needs. Factors affecting note value include balance, interest rate, and borrower creditworthiness. Proper documentation and finding a reputable buyer are crucial. Negotiate terms, close the deal, and consider tax implications and market conditions. Professional assistance can ensure a smooth transaction. Benefits include debt consolidation, investment…
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California Home Sales Stay Below 300K
California home sales in Mid-Q2 totaled 272K Seasonally Adjusted Annual Rate (SAAR), ↓1.1% MoM and ↓6.0% yearly.Mid-Q2 marks the 20th consecutive month that California home sales remained <300K-threshold.
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Orange County Housing Market
Orange County's housing market is experiencing a slower rise in prices, with the median sales price of existing single-family homes hitting $1.4 million in March 2024. Despite a year-over-year decrease, sales volume has grown compared to the previous month. Experts have differing views on the market's trajectory for 2024, citing factors like mortgage rates and…
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Will California’s Avg Home Price Reach $1M?
Experts believe home prices in California may stay below $1M. Increased home sales suggest prices are dropping or steady.
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The price has reduced for this Listing, check it out 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: Record Highs, but a Glimpse of Relief?
Southern California home prices hit record highs for 3 months straight; the Mid-Q2 increase brought average prices to ~$875K.Low inventory is the culprit behind rising prices; there simply aren't enough homes available to meet buyer demand.
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