In April, California home prices reached new heights, even amid high mortgage rates and a statewide housing shortage. The median price of a single-family home soared to $904,210, marking a nearly 6% increase from March and an 11.4% rise compared to April 2023, according to the California... more
by Biazowa 
With high interest rates and soaring housing costs, the dream of homeownership has become increasingly elusive for renters, as revealed by the recent New York Federal Reserve survey. According to the survey, the proportion of renters who harbor hopes of transitioning from renting to owning a... more
by Biazowa 
While a significant portion of the bills signed into law by Governor Newsom during the last legislative session became effective on January 1, 2024, there are several notable ones slated to take effect on July 1st of this year. Among them are Assembly Bill (AB) 968 and Assembly... more
by Biazowa 
State Farm will not renew coverage for homeowners across 72,000 properties in California, marking a significant development in the state's ongoing insurance crisis. The insurance giant's announcement comes amid mounting challenges faced by homeowners, with State Farm revealing plans to cease... more
by Biazowa 
For many individuals, the decision to buy or sell a home represents one of the most significant financial undertakings they'll ever face. It's a multifaceted process that involves navigating through various complexities, from securing a suitable down payment to navigating fluctuating interest rates... more
by Biazowa 
Airbnb recently announced a significant update to its security camera policy, aiming to streamline regulations and prioritize the privacy of its community members. The company has decided to prohibit the use of indoor security cameras in properties listed on its platform. Previously, Airbnb... more
by Biazowa 
Last week saw a slight decrease in mortgage rates, resulting in a consecutive two-week surge in mortgage demand. Compared to the previous week, total mortgage applications rose by 7.1%, according to the Mortgage Bankers Association's seasonally adjusted index. On average, the contract interest... more
by Biazowa 
Recent sales data from the California Association of Realtors reveals a robust rebound in home sales and inventory in California at the start of this year, following months of subdued activity. In January, there was a notable 14.4% increase in the number of homes sold compared to December,... more
by Biazowa