The recent drop in mortgage applications can be beneficial for potential homebuyers due to the Federal Reserve's rate hikes in the last 18 months. There is less competition for available properties, more inventory, and buyers have increased negotiating power. This gives buyers more time to find their dream home and a broader range of options. Continue to full article...
California and New York are the most expensive states for homeowners, based on a recent study. The study analyzed census data and compared avg yearly housing costs to median income....
The Fed Paused its key interest rate at at its current range between 5.25% and 5.50%. Meanwhile a rate hike is expected on Fed next meeting on Oct 31- Nov 1.Officials cut forecasts for 2024 rate cuts, suggesting a "higher for longer" policy; benchmark rate above 5% by end of 2024....
Condo fees and HOA dues are typically not tax deductible for homeowners However, there are some exceptions. Homeowners may be able to deduct a portion of HOA fees if their property is used as a home office, but it must meet IRS criteria. Rental property owners can deduct all HOA fees and related expenses for their rental properties....
The Central Valley is the 10th most competitive rental market in California. There are an avg of 8 renters considering each apartment that comes on the market....
The Yriarte family had been praying for a place to call their own for years and eventually got a rent-subsidized apartment in Bloomington Grove, San Bernardino County. However, there are over 4,000 people on the waiting list due to the nation's 1.5 million housing unit shortfall. HUD Secretary Marcia Fudge and Rep. Pete Aguilar toured the complex recently to see how state and federal dollars had...
The City of Fontana is working with HUD to build an affordable housing project, Courtplace, as well as a Homeless Prevention, Resource and Care Center to address homelessness. HUD has also awarded Fontana a $4.4 million Lead Hazard Reduction Grant to protect families from lead and other home health and safety hazards. Fontana is the fastest-growing city in San Bernardino County and is currently...
