CalHFA offers low-interest loans with up to 3% assistance for first-time homebuyers. Programs like CalPLUS Conventional combine mortgage loans with zero-interest down payment assistance.
Los Angeles County Assessor, Jeff Prang, reminds property owners affected by recent severe storms in California that they may be eligible for property tax relief. Owners of damaged or destroyed properties can file a claim for Misfortune & Calamity relief within one year of the incident. If approved, the assessed value of the property will be reduced until it is repaired or rebuilt. The claim forms can be obtained online… Read More »Tax Relief is Available for Natural Disasters
The Los Angeles County Board of Supervisors has tentatively approved new regulations on short-term rentals in unincorporated areas. Hosts with platforms like Airbnb and VRBO will need to register and pay an annual fee of $914. The rules also restrict rentals to a host's primary residence and place limitations on guests, length of stay, and types of events. The proposal will undergo minor amendments before a final vote next month.… Read More »LA County supervisors tentatively approve new rules on short-term rentals
Riverside: -Forecasted drop: ↓ 0.4 -Zillow's projected home value for November 2024: $552,819 Sacramento: -Forecasted drop: ↓ 2.4 -Zillow's projected home value for November 2024: $545,704
Luxury home buyers prioritize sustainability, with 550 global brokers emphasizing eco-friendly features and locations.Southern California buyers consider wildfire risk, and Puerto Rico luxury homes often feature solar panels.
Stockton -Homes sold above list price: 46.9% -Avg days on the market: 20 -Median sale price: $440K Fresno -Homes sold above list price: 41.7% – Avg days on the market: 17 -Median sale price: $372K
New housing laws in California aim to alleviate the housing shortage by removing barriers and boosting incentives for construction.Legislation includes speeding up apartment building approvals, aiding affordable housing, and easing environmental review processes.
California’s housing market is expected to become slightly more buyer-friendly by the end of 2024. Analysts predict more homes, better affordability, and potential price declines. Reasons for optimism: – Falling mortgage rates – Rising supply – Cooling inflation
Rebecca Safier and Chris Jennings are personal finance writers with expertise in consumer loans and mortgage refinancing. They provide tips on reducing closing costs, improving credit scores, and finding the best refinance rates. They also discuss when refinancing a mortgage can be beneficial and offer a mortgage refinance calculator to help determine potential savings. Continue to full article