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June 30th, 2022

New State Program Provides Down-Payment Loans to First-Time Buyers

State to Issue California Dream for All Program, to fund low-earning first-time buyers’ down payment. Around $1 billion is intended to go for this program each year.

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News
June 28th, 2022

Is It Possible to Build Affordable Housing?

California is facing an affordability crisis. Direct government funding is aimed at building and renovating housing units, but it is getting unsustainable.

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News
June 23rd, 2022

High Mortgage Rates Implications: Buyers Are Losing Spending Power

With the average mortgage rate above 5.8%, certain buyers have lost $120,000 of spending power, some even more.

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News
June 22nd, 2022

Is This Housing Decline Similar to the Great Recession?

Real estate experts believe in the health of US economy. There are many arguments that support this claim, especially when we compare the 2007 and 2022 markets.

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News
June 15th, 2022

What Real Estate Experts Think of the New California HOME Act

Senate Bill 9, also known as the California “HOME” Act is a part of the initiative against the housing crisis in this state. However, there is opposition to it.

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News
June 14th, 2022

Luxury Home Sales Fall by Approximately 18%

The drop in the luxury housing market can be explained by the rising rates, higher taxes, and overall economic uncertainty.

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News
June 9th, 2022

HUD Announces "Our Way Home" Initiative to Combat Housing Shortage

The HUD is planning to fight the historically large shortage of housing supply by implementing the Our Way Home initiative in local communities.

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News
June 9th, 2022

Are New Homebuyers Regretting Their Purchases?

More than 70% of all homebuyers report that they felt pressure to lock in the mortgage rates, which could lead to a rise in buyers' remorse.

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News
May 31st, 2022

An Overview of 2021: the Six Most Expensive Houses Sold

Most homes that sold for more than $2 million are located in California, in the Bay Area. Let’s take a look at the 6 most expensive homes sold in 2021.

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News
May 31st, 2022

A Positive Update: More Condos Built in Q1 and Mortgage Rates Drop

There is hope for a market slow-down. According to some reports, there are more condos and townhouses - more affordable homes for first-time buyers.

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News
May 24th, 2022

The Housing Market Is Finally Showing Signs of Slowing Down

It seems like high rates demotivated some homebuyers, while inflation priced some new sellers out of homeowning. Is this a sign of a market cool-off?

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News
May 24th, 2022

Once Again, Rent Jumps to New Highs

Rents are skyrocketing along with other living costs. It is expected that the median rent will climb to $2,000 by the end of summer.

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News
May 18th, 2022

Is the Demand for Homes Dropping?

Reports show a drop in the demand for vacation homes since the Fed increased the interest rates. Will this drop spread throughout the market?

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News
May 17th, 2022

April Roundup: Buyers Forced to Double Down Payments and Go Above Asking Price

Homebuyers need to save twice as much money for a down payment, as they did in 2020. Read this article to find out why and for how much down payments rose.

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News
May 11th, 2022

Record Number of Americans Believe Now Is a Bad Time to Buy a Home

A recent Gallup poll shows that 70% of Americans think it is a bad time to buy a home. This is a record number that signifies an overvalued housing market.

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News
May 10th, 2022

Home Sellers Drop Asking Price But It's Still a Seller's Market

Asking prices may be dropping, but aspiring homeowners have a hard time finding affordable homes. High rates are making homeownership impossible for many.

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News
May 6th, 2022

Sun Belt Homes Are No Longer Affordable

Domestic migration contributes to the rising inflation in the Sun Belt states, which makes homes there no longer affordable. Which US cities are affordable?

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News
May 5th, 2022

Moody's Analytics Chief Economist Believes Home Prices Will Not Drop Significantly

Real estate analyses show that US metro areas have overvalued home prices by at least 25%. Will the value drop in the next 12 months?

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News
May 4th, 2022

Even Closing Costs Rose from 2021, but Some Buyers Are Still Optimistic

Do homebuyers still feel optimistic about the housing market despite a significant increase in closing fees? Find out in this article what the figures show.

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News
May 4th, 2022

Are There Going to Be Half a Million More Residential Units in LA?

Are there going to be more affordable housing for low income families? Find out what is affecting the production of housing inventory.

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News
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