Category: Uncategorized
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Report: Bay Area needs $9.7 billion to subsidize 40,000 affordable homes in predevelopment pipeline
Enterprise and BAHFA released a report on affordable housing projects in the Bay Area, showing a need for $9.7 billion in public funds to move forward. A proposed $20 billion regional bond measure aims to help close this gap. The report highlights the need for a regional approach to address the housing crisis. Continue to…
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Happy Flag Day | Investor Specialist – Best Mortgage Rates
Flag Day is the American flag's birthday party every June 14th! Flag Day was proclaimed in 1916 but officially recognized in 1949. Talk about a late celebration! Betsy Ross, a seamstress, sewed the first flag. Imagine if designers today made flag-inspired outfits!
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Home Insurance: Get the Coverage Before It’s Too Late | Real Estate Finance
Rising construction costs outpace home insurance adjustments, leaving many homeowners underinsured after disasters. Increased natural disasters and insurer pullout in vulnerable areas limit homeowners' options and drive up costs.
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Major Rate Hikes Expected for California FAIR Plan Policyholders | Real Estate Finance
Rate Increase: – Significant rate hikes expected for FAIR Plan policyholders. Growing Policy Numbers: – FAIR Plan policies ↑ from 268K in 2021 to >350K in December 2023 due to mainline insurers dropping coverage.
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Bay Area Housing Market Booming! Median Prices Hit Record Highs
California's housing market is thriving, with record-high median home prices exceeding $900,000. The San Francisco Bay Area is experiencing strong sales growth, with significant increases in various regions. County median prices vary, with some areas seeing growth and others experiencing slight declines. The Bay Area remains an attractive market for investors due to its economic…
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Discover California’s Property Tax Landscape | Investor Specialist – Best Mortgage Rates
Effective Tax Rate: 0.70% Average Home Value: $978,808
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Maintain Your Home, Save on Insurance | Investor Specialist – Best Mortgage Rates
Proper home maintenance can prevent claims and keep premiums low, and it includes cleaning gutters, maintaining sump pumps, and salting driveways in winterBundling your home, auto, and other insurance policies with the same company can lead to discounts.
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S.F. Bay Area Market Update | Investor Specialist – Best Mortgage Rates
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California Leads Nation in Investor-Owned Homes | Investor Specialist – Best Mortgage Rates
Investors own a whopping 35.2% of homes in California, the highest share in the nation. Sunbelt states remain popular with investors, who seem to prioritize long-term trends over short-term price fluctuations.