Sellers and buyers to scrutinize commission structures more, moving away from common assumptions.Concerns raised about significant commission increases without corresponding changes in REALTOR® efforts.
Moving within California requires careful planning due to its diverse geography, housing markets, and transportation systems.Challenges include navigating climate variations, high cost of living, competitive housing markets, and traffic congestion.
Working-class towns in California facing housing crisis, with median home prices surpassing $1 million.Cities like Placentia, Orange, Tustin, Bonita, Cerritos, and San Gabriel seeing substantial increases in home values.
The seventh draft of Los Gatos' Housing Element was approved by the state after much revision. The document outlines plans to build 1,993 housing units, mainly through redevelopment due to geographical boundaries and wildfire risk. The town council will now work on implementing the plans outlined in the Housing Element.
Repeal of tax break for vacation homes aims to redirect millions to essential services.
AB 2616 proposes repealing Mortgage Interest Deduction (MID) on second homes.
Considering various taxes along with lower income rates for smaller incomes, California ranks 37th.
A household with the median income in California pays approximately $11,106 in total state and local taxes annually.
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971.
Americans observe Memorial Day by visiting cemeteries and memorials.
5. Palm Springs
Median household income: ~$61.5K
Median rent price: ~$3.1K
Avg property tax: 1.04%4. Oxnard
Median household income: ~$83K
Median rent price: ~$3K
Avg property tax: 0.78%
The California Dream For All Shared Appreciation Loan program's Round 2 offers up to 20% of home purchase price in down payment assistance.
$250M in state funds will be distributed through a random selection process.
1. Low ROI:
– Many renovations don't pay off in increased home value, resulting in a potential loss of money.
2. Nothing Wrong:
– If the house is structurally sound, aesthetic upgrades may be unnecessary, as buyers likely remodel post-purchase.