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Category: Educational
California’s “Dream For All” Down Payment Assistance Program Returning with Lottery
California’s wildly popular shared-appreciation down payment assistance program for first time homebuyers is being relaunched this year with a reduced budget of $250 million but an improved distribution plan. Last year $300 million was gobbled up in just 11 days in a first-come, first-serve system that made it difficult for first-time buyers to incorporate the […] Read More
THE SCOOP ON SELLER-PAID RATE BUY-DOWNS
Higher rates combined with higher prices create a challenging market for buyers and sellers. Read More
WHY FALL AND WINTER 2023 MAY BE AN OPPORTUNITY FOR BUYERS
Inventory tends to increase in the fall as the buyer pool shrinks after the start of the school year. Read More
Why there is Opportunity in Today’s Real Estate Market
Beginning in the 1970’s, California’s cities have been implementing planning restrictions to slow urban sprawl and preserve the character of existing neighborhoods by restricting density. The unintended result has been a growing housing shortage, such that by 2018, California ranked 49th among the states of the U.S. in terms of housing units per resident. This […] Read More
How Do Lenders Decide If You Are Qualified For A Loan?
Understanding Underwriting Mortgage lenders will evaluate your credit-worthiness by examining four general areas of your financial life. In years past you had to meet the necessary criteria in one or more of these areas, but not necessarily all, to qualify for a loan. Changes began to be made in mortgage underwriting in 2006 and continued […] Read More
5 Things That Divorcing Couples and Family Lawyers Need to Know about Home Mortgage Underwriting
Clearing up misconceptions and understanding just a few of the rules for underwriting home loans may help in drafting an agreement and planning more realistically for housing the future divorcee. Certainly one of the more important issues facing those crafting a separation or settlement agreement is where the parties are going to live. […] Read More
Many Suburban Homes No Longer Safe From Wildfires
Many Suburban Neighborhoods No Longer Safe from Wildfires… And Why! Danger from California’s wildfires were thought to be restricted to individual homes and neighborhoods located in, or on the edges of, undeveloped land. Suburban tract homes located miles from brush or forest on a grid of streets and manicured lawns were thought to be burn-proof. […] Read More
All About Appraisals
Okay, not all about appraisals, but here are a few things you might find useful to know about appraisals: TWO MYTHS Myth: An appraisal will tell you the true market value of your home (what a buyer would pay to purchase your home). Truth: An appraisal will tell you what someone paid […] Read More
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