California implemented a new mansion tax earlier this year on property sales above certain thresholds. The tax applies to property sales exceeding $5M, with a 4% rate, and surpassing $10M, [...]
California's Dream for All program will provide $250 million in down payment assistance to first-time homebuyers. Changes to the program include a lottery system for vouchers, extended application time, and [...]
Economists predict increased opportunities for renters to negotiate prices and lease terms in 2024. A historic multifamily construction boom has led to a stabilization of the national vacancy index at [...]
The Federal Reserve's decisions on the federal funds rate can indirectly impact mortgage rates. The Fed's recent announcement of keeping the rate steady and potential future rate cuts is likely [...]
California is known for its high cost of living, but there are more affordable pockets within the state. The Central Valley, including cities like Fresno, Bakersfield, and Modesto, offers significantly [...]
The real estate market may experience cautious optimism as the year comes to a close, with the possibility of interest rate reduction. There are discussions about the market reigniting and [...]
Naturally, homebuyers often have questions regarding their new mortgage — namely, when do mortgage payments start? and when is the first mortgage payment actually due — when the loan’s approved, [...]
The Federal Reserve is signaling a shift in monetary policy as inflation begins to ease. Fed officials forecast interest rate cuts in 2024 and expect rates to fall to 4.6% [...]
Northern California clients face property insurance challenges, especially in wildfire-prone areas, leading to non-renewals and limited options..The Department of Insurance proposed regulatory changes to retain insurers, including criteria adjustments for [...]
Multifamily rents in South California to rise, impacting commercial Real Estate financing. Concerns arise over maturing commercial Real Estate debt, hindering refinancing at higher rates. Delayed financing: -Lowers new supply [...]