Category: Uncategorized
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Credit Score Impact on California’s Mortgage Rates | Investor Specialist – Best Mortgage Rates
Your credit score significantly impacts your mortgage interest rate. A higher credit score can lead to significant savings over the life of a mortgage, both monthly and overall.
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Optimism Abounds in CA Housing Market | Investor Specialist – Best Mortgage Rates
The CA housing market shows medium to long-term optimism. Population growth and a strong desire among renters to buy homes are boosting housing demand.
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California’s $500M Anti-Foreclosure Fund Faces Cuts | Investor Specialist – Best Mortgage Rates
The Foreclosure Intervention Housing Preservation Program aimed to preserve affordable housing in California. Governor Newsom froze the program due to budget deficits, proposing to cut it in half later.
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CA Housing Bill Unites NIMBYs and YIMBYs | Investor Specialist – Best Mortgage Rates
A new California bill proposes converting vacant office buildings into housing to address the housing shortage. The bill offers faster approvals, tax credits, and fee exemptions to incentivize conversions.
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Current Mortgage and Refinance Rates in California
Interest rates in California are expected to remain stable, with mortgage rates slightly decreasing but holding steady. The Federal Reserve's decision to maintain the federal funds rate has caused minimal changes in mortgage rates. Current average interest rates for 30-year and 15-year fixed-rate mortgages align with national averages. Refinance rates are following national trends. No…
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California’s Million-Dollar Homes Are Becoming a Problem for Buyers
Expensive homes in California are boosting house prices to record levels, with sales of pricier homes making up 37% of all home sales. Sales dropped by over 1% last month, down 6% from a year ago. A shortage of affordable homes continues to drive up California's median home price, according to CAR's chief economist. Continue…
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Real Estate Forecast Next 5 Years California: Bright Future? | Investor Specialist – Best Mortgage Rates
California's housing market has been a rollercoaster for decades, and the next 5-yr promise to be no different. The California Association of Realtors predicts a modest increase of 6.2% in the median home price for 2024, reaching $860K.
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Q3 2024: Higher Prices Predicted | Investor Specialist – Best Mortgage Rates
Seasonal factors and tight inventory may drive prices higher through Q3 2024. More buyers could reenter the market in the coming weeks as rates cool off.
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Contra Costa County property values crawl higher
Plunging commercial real estate values in Contra Costa County, including office buildings, have impacted property values. Despite a rise, values increased at the slowest pace in three years. The total assessed value for properties in the county reached $278.84 billion for the 2024-2025 assessment roll, up 4.2% from the prior year. Weakness is evident in…
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Contra Costa County Secures $4.4 Million in Federal Funds for Infrastructure and Affordable Housing Projects
U.S. Representative John Garamendi secured $4.4 million in federal funds for Contra Costa County's infrastructure and affordable housing projects. The allocation includes enhancing the San Francisco Bay Trail and developing affordable rental housing. The funds are from Garamendi's push for Community Project Funding, benefiting local transportation and housing. Four key projects will receive funding, such…