Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed.
It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market!
Dream on… Happy April Fool’s Day!
Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival of Christianity.It is believed that Easter is named after the Anglo-Saxon goddess of the dawn and spring, known as Eostre.Examples of Easter traditions include Easter eggs and related games such as egg rolling and egg decorating.
As of 2024, California cities emerge in Stacker's list of metros with the fastest home sales.
Bakersfield
– Median sale price: $355K
– Total homes sold: 514
Stockton
– Median sale price: $515K
– Total homes sold: 367
California extends Mortgage Relief Program, providing up to $80,000 in assistance.
Aimed at homeowners with missed property taxes, late mortgage payments, or pandemic-related financial hardships
Fed keeps key interest rates at 5.25% – 5.5%, highest in 23 years.Fed plans 3 rate cuts this year, but waits for inflation to fall more.Inflation is still high, Fed predicts it won't reach 2% target until 2026.
Market overview: Declining inventory, stable demand, and rising home prices in California.
Factors to consider: Lifestyle preferences, family impact, tax implications, and financial planning.
Consumer sentiment toward housing improved for the third consecutive month, with optimism about home selling conditions rising. The Home Purchase Sentiment Index increased, showing a positive trend in the housing market. Expectations of lower mortgage rates and increased home sales are predicted for the upcoming year.
Predicting future home values is challenging, but certain signs can indicate a potential decrease. Economic downturns, oversupply of homes, changes in neighborhood appeal, rising interest rates, and environmental factors can all impact property values. Being aware of these indicators can help homeowners prepare for potential market value changes.
Santa Clara County commercial property owners facing market challenges may receive tax relief through an early Proposition 8 review process by the County Assessor's Office. The office aims to address the distressing market conditions by temporarily reducing assessed values for properties experiencing declining market values. Owners have until August 1 to apply for relief, with detailed documentation required.