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Applications are open for California's down payment assistance program, Dream For All, offering $250 million to first-time homebuyers. Eligibility criteria include being a first-time homebuyer, California resident, and meeting income and credit score requirements. The program provides a shared appreciation loan of up to 20% of the home's purchase price. Applicants must complete homebuyer education counseling and can apply online until April 29. Winners will be chosen by lottery. Continue… Read More »California is giving up to $150,000 to help first-time homebuyers

The governments announced the acceleration of a $2B, 10-building housing project in downtown LA. The project, called Fourth and Central, is a mixed-use residential project located between Little Tokyo, the Arts District, and Skid Row.

Timing is crucial in California's volatile Real Estate market, impacted by factors like interest rates and economic conditions.Interest rates significantly influence home affordability, requiring monitoring for optimal decision-making.

Southern California's spring home buying season is active, with rising prices and bidding wars. However, high mortgage rates and low listings are limiting sales. Median home prices have increased, with Orange County reaching a record high. Sales have risen, but remain below average due to affordability issues and limited inventory. Continue to full article

Zillow study shows LA income needed for a typical home rose from 2020 to 2024. Data reveals a staggering 48% increase from 2020 to 2024, pushing the required income to a significant $454,296.

Experts predict a 23% rise in single-family home sales in California, addressing housing supply challenges. Supply constraints persist with California facing a 2.5M housing unit shortfall and limited single-family building permits.

A proposed settlement in a massive antitrust case against Realtors is set to change the home selling process and how agents are compensated. The impact of the $418 million deal is uncertain, with questions arising about changes in agent payment, buyer-broker agreements, and potential lower commissions and home prices. Continue to full article

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 loan – School Program: Aids K-12 teachers – ECTP: Assists teachers with down payment