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Category: Real Estate Trends
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
First Quarter 2022 Real Estate Status Report
Inflation has soared to its highest rate in four decades. The Federal Reserve has responded by raising their overnight lending rate and indicating that they may do so at each of their seven meetings this year. Mortgage rates climbed the first quarter of this year from the low 3’s well into the 5’s. […] Read More
The New Real Estate World
NEW REAL ESTATE ENVIRONMENT COMING INTO FOCUS The look and feel of the American residential marketplace has been pretty consistent over the previous three-quarters of a century. Young people join the workforce and shortly thereafter seek to buy their first home. Renters save up to do the same. In a few years with growing families and/or improved […] Read More
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