The journey to stabilize the U.S. housing market faces hurdles, with a modest recovery in home sales and inventories countered by high mortgage rates impacting affordability. Despite increased listings, pending home sales only rose slightly, around 5% to 7% higher than last year through March 2024. Examining broader housing indicators reveals consistent trends, indicating the
John Sebree has stepped down as CEO of the California Association of Realtors (CAR), the organization announced on Saturday. Sebree is leaving to explore new professional opportunities. Melanie Barker, CAR’s president, expressed gratitude for Sebree’s tenure as CEO and State Secretary. “On behalf of CAR’s leadership team and the Board of Directors, I would like
Time’s ticking for Californians aiming to buy their first home with a little financial boost this year. The California Dream for All program, a hit since its launch last year, is set for a comeback on April 3. It offers first-time buyers a chance to shave up to 20% off their down payment costs, with
In 1978, California passed Proposition 13, a major change to real estate tax law. It set a cap on property taxes at 1% of a property’s assessed value and limited yearly increases to no more than 2%. This was done to keep property owners from facing huge tax increases when property values shot up. Proposition
In California’s buzzing real estate market, staying alert is key because, alongside genuine deals, there are scams waiting to trap unwary buyers and renters. With its attractive property market, California draws in not just people looking to buy or rent but also scammers aiming to take advantage. It’s crucial to be aware and cautious, as
Are you considering getting into the California vacation property market? Well, you’re looking at one of the most lively real estate sectors in the US. With its sunny beaches, sprawling vineyards, and snow-capped mountains, California is a dream destination for millions of tourists, but it’s also a gold mine for potential investors. In this article,
In California, if you miss your home loan payments, the servicer, acting for the loan owner, will start the foreclosure process. This usually happens outside of court (nonjudicial), but sometimes it can go through the court system (judicial). The state’s laws outline the foreclosure process, and both federal and state regulations offer you certain rights
Choosing between a single-family home and a townhouse is a significant decision for any Californian. If you can’t decide on which house to choose, We’ll give you the key differences between these two types, their benefits, and drawbacks, to help you make an informed decision that fits your lifestyle, budget, and preferences. What Should You
A thorough examination of a home’s condition plays a crucial role in the buying or selling process. Home inspections, often detailed and systematic, require a specific amount of time based on the property’s size. Inspecting an average house thoroughly typically requires between two to three hours. However, this duration may change based on the home’s
Real estate jargon can be a headache. Buyers and sellers face a mountain of terms. It’s tough to get the hang of it, especially when you’re in a rush to sell your home. It’s time to clear up a couple of these terms. Buyers often ask us about “under contract” and “pending.” These words pop
