Mindblown: a blog about philosophy.
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California Home Sales Drop Amid Rate Fluctuations | Investor Specialist – Best Mortgage Rates
Federal Reserve keeps key interest rates steady, impacting California mortgages and consumer spending. Economic growth in California expected to continue steadily despite challenges like housing affordability.
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Where to Buy Homes Under $100K in California | Investor Specialist – Best Mortgage Rates
California offers affordable housing options like mobile homes priced at $100K or less in the following areas. Mobile homes in Desert Hot Springs are priced between $55K-$95K.
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California Gov. Gavin Newsom signs executive order to boost infill housing development on vacant lots
California Gov. Gavin Newsom has signed an executive order to promote infill housing development on vacant lots, alongside a $94 million award to 15 counties for building on these sites. This initiative is part of a broader goal to construct 2.5 million new homes by 2030. The order aims to reduce costs and eliminate red…
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What Hidden Costs Come With Buying a California Home? | Investor Specialist – Best Mortgage Rates
California homeowners pay an avg of $2,399 annually, excluding mortgage payments. Californians face additional annual costs: 1. $16,966 for maintenance 2. $6,832 for property taxes
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5 US cities prime for office-to-residential conversions
The Urban Institute analysis highlights San Francisco Bay Area, Seattle, Phoenix, Atlanta, and Denver as potential beneficiaries of converting underused office buildings into housing. The study recommends promoting adaptive reuse through flexible land use, revised building codes, simplified permitting, and tax incentives. Office-to-residential conversions have quadrupled since 2021, led by Washington, D.C., New York City,…
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Pros and Cons of Loans With Zero Down | Investor Specialist – Best Mortgage Rates
You can skip the wait time required to save for a down payment and become a homeowner sooner. You'll face higher monthly payments and interest rates due to the lack of a down payment.
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Why it’s time for the Fed to cut interest rates
The Federal Reserve is considering cutting interest rates due to slowing inflation. The Fed's actions impact borrowing rates, affecting economic activity. Despite strong GDP growth and low inflation risk, the Fed may cut rates in July. Data shows a healthy economy with low delinquency rates and rising wages. Economists suggest a modest rate cut to…
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Bay Area office vacancies hit record highs
Office vacancies in the Bay Area's largest cities have hit all-time highs, with San Francisco's vacancy rate reaching nearly 37%. Vacancies in San Francisco, Oakland/East Bay, San Jose, and the North Bay have increased due to downsizing, job cuts, and remote work trends. Despite this, there is optimism as leasing activity is picking up, and…
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California: Prices Drop in 7 out of 11 Major Cities | Investor Specialist – Best Mortgage Rates
Good news for renters in California: Rents are decreasing in 7 out of 11 major cities yearly, even as national rents rise.Big drops in key markets: Oakland and Sacramento saw the most significant declines, with rents falling over 8%.
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Buying Your First Home? Here Are 16 Tips to Buy Like a Pro
A family is buying and moving into a new house, which requires careful planning and saving. Tips include researching first-time home buyer programs, starting to save early, calculating all initial costs, preparing your credit score, deciding on affordability, exploring mortgage options, getting pre-approved, gathering loan paperwork, choosing the right real estate agent, making a wishlist,…
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