Inflation reports in mid February exceeded expectations, leading to immediate mortgage rate hikes. After raising the federal funds rate 11 times, the Fed aims for 3 quarter-point cuts by end [...]

The Fed has succeeded in bringing down inflation, which is a rare accomplishment in economic history. The central bank aims for a "soft landing" in 2024, cutting interest rates to [...]

The IRS allows you to deduct mortgage interest on your federal tax return if you itemize. The deduction is limited to interest on the first $1 million of mortgage debt [...]

CalHFA allows financing up to 96.5% of the home's purchase price with low down payment and lenient credit requirements. CalHFA assistance programs: – MyHome: Provides up to 3.5% deferred-payment junior [...]

Taxing Non-Resident Homes: – Proposal targets properties owned by Californians claiming residency elsewhere to avoid income tax. Levelling the Playing Field: – Revenue would fund a lower top income tax [...]

Late-Fall 2023 Median Home Prices: Median price rises across Southern California by 5.1%. County-wise Median Prices (2024): Orange County leads with $1.1 million, followed by Los Angeles, San Diego, Ventura, [...]

The Mortgage Bankers Association reported a 1.6% decrease in mortgage applications for the week ending March 15. Refinance and purchase activity both dropped, with mortgage rates increasing. The average loan [...]

Coverage: – Most multi-unit buildings in California (exceptions apply). – Single-family homes owned by corporations, REITs, or LLCs with corporate members (unless exempt). Exemptions include: – New buildings (built within [...]

Every show home uses tactics to create an idealized version of a property. Tricks include creating a lifestyle story, using pitch-perfect props, subtle symmetry, heating up the space, omitting TV [...]

Market overview: Declining inventory, stable demand, and rising home prices in California. Factors to consider: Lifestyle preferences, family impact, tax implications, and financial planning. [...]