Average mortgage rates have decreased by over 1% recently, but they are still higher than during the pandemic. The average rate for a 30-year fixed mortgage was 6.84% last week. Factors such as credit score, loan type, and lender determine individual mortgage rates. It's recommended to compare loan offers from multiple lenders. Continue to full article...
Supply costs ↑ 5.8% yearly impacting home repair expenses. Californians saw ↑ 67% in home repair costs over a decade. Pandemic sped up supply and labor cost increases. Predicting improved supply chains and lower inflation may cut repair/remodel costs....
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was common for friends and lovers...
Orange County Avg local wages needed to rent: 88% Los Angeles County Avg local wages needed to rent: 83%...
Many California realtors believe sales will ↓ and prices will ↑ in the coming year, although they report more transactions in December.California realtors project a potential ↑ 22.9% in single-family home sales in 2024, reaching 327K units compared to 266K in 2023....
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off...
LA leaders strive to preserve affordable housing units with expiring affordability requirements by 2027 through 2 options. The first option requires covering the gap between covenant creation rent and current market rates....
California is increasing down payment assistance for first-time homebuyers by $250 million. Changes to the program include a lottery system instead of first-come, first-serve, and a focus on reaching a more diverse group of borrowers. The program aims to help those with steady income and decent credit scores, and has income eligibility thresholds. The state is also planning an outreach campaign to...
Despite challenges, well-funded buyers await rate drops to swoop on California homes and rentals. Rent prices in California are currently ↓ and are expected to continue ↓ in 2024. Mixed economic signals for 2024: - Bright spots like energy and jobs outweigh some concerns....
California is relaunching its popular program to help first-time homebuyers with $250 million in down payment assistance. The program will use a lottery system to ensure equitable distribution of loans and focus on first-generation homebuyers. The state will waive up to 20% of the purchase price, or $150,000, and the loan will be repaid with a share of the home's appreciation. Between 1,700 and...