In September 2023, Southern California's housing market was dampened by rising mortgage rates, causing home sales and prices to fall. The median price of a home dropped to $725,000, a 1.4% decline from August levels. Home sales in the six-county region fell to 13,051, the second-lowest sales tally for a September in records dating back to 1988. The number of homes for sale increased, which eased...

If you're a first-time homebuyer who's struggling with the credit and down payment requirements that traditionally come with getting a mortgage, these home loans for first-time buyers can help you overcome those hurdles and finally get the keys to your very own home. Navy Federal Credit Union's Homebuyers Choice Loan is a good option for Navy Federal members who don't qualify for a...

The Southern California housing market is being affected by rising mortgage rates. Homebuyers need to consider factors like increasing property values, stricter lending standards, and higher interest rates when making decisions. Continue to full article...

Home staging in Anaheim, CA typically costs between $500 and $2,000, not including furniture rental which can add an additional thousand to several thousand dollars. Home staging can increase the resale value of a property by 5-20%, making it a wise investment for sellers. As of November 2023, the average cost of home staging in Orange County is between $117 and $1,185. Continue to full...

The “11th hour of the 11th day of the 11th month" of 1918 signaled the end of World War I. It's honored as Veterans Day to remember the men and women who have served, and continue to serve during times of war, conflict and peace. Salute to all heroes, and thank you for your service.personnel who served the United States in all wars, particularly...

The California housing market is facing hardship due to higher mortgage rates, resulting in a decrease in home sales and less willingness from sellers to lower prices. Despite this, the median price of homes has still increased by 3.2% from the previous year. The Federal Reserve’s decision to keep rates higher for longer will continue to affect the cost of borrowing and affordability, but the positive...

The Assembly Constitutional Amendment 1 (ACA 1) aims to ease funding for affordable housing and public infrastructure. The proposal introduces annual and independent audits to monitor fund utilization. It also establishes citizens' oversight committees for spending tracking....

California Housing Finance Agency helped 13.8K California households with housing stability and wealth-building in Fiscal Year 2022-23. CalHFA offers affordable housing and homeownership programs catering to various needs. These programs include down payment assistance, specialized programs for teachers, nurses, single mothers, and low-income homebuyers....

As of October 2023, rents in California's major cities are still too high for the standard of living, with rents often exceeding 50% of gross income. Rentals in Bakersfield are the only major region with a positive change, while the U.S. average for a one bedroom is up 0.5% from the year before. With an increase in vacancies, people are taking advantage of the opportunity to move into larger units...

Many middle-income tenants in California's subsidized housing programs may face unexpected tax bills due to an obscure taxation rule....