Rental prices in LA County decreased by 2.5% MoM in Mid-Q1. However, the decline may not offer much relief for renters, as affordable units are already occupied.
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
Looking for the perfect forever home minutes from everything you and your family will ever need, yet secluded enough to allow you to take in the serenity oozing from gorgeous Lake Balboa? Your search has come to an end, evidenced by this cozy yet bright and spacious beauty perched on a quiet street. Two of the bedrooms of this three-bed, two-bath property are strategically located on one side of the… Read More »15747 Cohasset Street Lake Balboa, CA 91406
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.