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
New housing laws aim to tackle California's housing shortage by: 1. Streamlining the approval process 2. Boosting incentives 3. Curbing environmental lawsuit delays 4. Promoting accessory dwelling units (ADUs)
Assembly Bill 1033 in 2024 permits the separate sale of Accessory Dwelling Units (ADUs) from main residences. Sale of ADUs separately necessitates creating Covenants, Conditions & Restrictions (CC&Rs) for these condominiums.
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was common for friends and lovers of all social classes to exchange small tokens of affection… Read More »All that we are, arises with our thoughts. | Happy Valentine’s Day
Avg Californian first-time buyer age: 49 years old Financial limits drive California's homeownership gap with the nation.
2024 Expectations: – ↑ Inventory -Moderate price appreciation -Improved housing conditions with slight relief Realtor.com predicts diverging trends: -SF area: ↓ 0.8% in sales and ↓ 5.2% in prices -San Jose: ↓ 18.5% in sales but ↑ 3.1% in prices
1. Carefully Time Your Preapproval Application – Validity: Typically 60-90 days – Preapproval signals readiness to sellers and streamlines process 2. Choose A Mortgage Lender – Explore rates and costs online – Consider prequalification/preapproval from multiple lenders
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and doing some religious practices. May the New Year bring many good things and rich blessings… Read More »All that we are, arises with our thoughts. | Happy Lunar New Year