Category: Uncategorized
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Happy Fourth of July | Investor Specialist – Best Mortgage Rates
To all great Americans around the world, a very Happy Fourth of July to you all. This day is incredibly significant as the day the United States officially became its own nation. Let’s celebrate America’s birthday with festivals, parades, fireworks and other festive activities.The 4th of July marks the day America became a country where…
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14.4% Tax for Wealthy Californians | Investor Specialist – Best Mortgage Rates
CA's income tax rate for the wealthy is 13.3%, rising to 14.4% with payroll tax. CA's overall tax burden is high, despite lower taxes for bottom 40% of earners.
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Home Prices Soar 11.9%
The San Francisco Bay Area housing market saw a significant 11.9% price increase in May 2024 compared to the previous year. Different counties experienced varying trends, with notable jumps in prices and sales in counties like Santa Clara and San Mateo. Factors like limited inventory and high demand from tech professionals are driving the price…
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Salary You Need to Buy a California Home in 2024 | Investor Specialist – Best Mortgage Rates
Average home price is ~$785K, reflecting the state's expensive real estate market. Requires ~$157K down payment, indicating significant upfront costs.
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The Fed keeps interest rates steady. What does that mean for CA mortgages?
The Federal Reserve is unlikely to lower interest rates soon, with only one rate cut expected by year-end. California's economy is predicted to grow steadily, facing challenges like government finance and homelessness. Inflation rates are decreasing, with California's prices expected to rise by 3.1% this year. The Fed aims to lower inflation to 2% annually.…
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Contra Costa County Market Update | Investor Specialist – Best Mortgage Rates
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Homebuyers Need a Salary of $190,000 in California | Investor Specialist – Best Mortgage Rates
Sharp increases in mortgage rates and home prices since the pandemic have driven up the income required to afford a home across the nation. California tops the list with the highest salary requirement for buying a median-priced home, at $197K annually.
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The Number of U.S. Homes for Sale Is Slowly Returning to Normal: An ‘Incredible Trend,’ Economists Say
Homebuyers facing high mortgage rates will find an increasing number of homes for sale, with a 35.2% rise compared to last year. Prices are rising seasonally, but more affordable homes are entering the market. Despite longer selling times, homes are selling quickly, with the typical home spending 44 days on the market in May. Continue…
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Bay Area: Property Taxes up for Housing? | Investor Specialist – Best Mortgage Rates
Potential Vote in November: Bay Area residents might vote on a property tax increase to fund affordable housing in November.Decision on Amount: Officials are considering a $10B or $20B bond measure for the ballot.
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Happy Father’s Day | Investor Specialist – Best Mortgage Rates
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…