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Will rates go down in September 2021??? Good news for Home Buyers

Tim Lucas The Mortgage Reports Editor September 10, 2021 - 14 min read   Mortgage rate forecast for next week (September 12-18, 2021) Despite Thursday’s report from the Labor Department, citing unemployment claims dropping to a new pandemic low, it looks like low mortgage rates should remain in place for the remainder of the summer. Thursday’s jobs repo...

Gov. Newsom signs SB 9, curbing single-family zoning in California!!!

By MARISA KENDALL | | PUBLISHED: September 16, 2021 at 8:36 p.m. | UPDATED: September 16, 2021 at 8:51 p.m. In one of his first actions after surviving an election seeking to oust him from office, Gov. Gavin Newsom on Thursday essentially abolished single-family zoning in California — and green-lighted a series of bills intended to bolster the state&rsq...

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9 Home Renovations Proven to Skyrocket the Value of Your Home

 August 5, 2021August 5, 2021  Jené Hernandez and Mehrnaz Baranriz Everyone wants to sell their home for top dollar, right? Well sometimes, the best way to increase the value of your home is to put in a little work and a little investment to make your property really shine. Whether it’s curb appeal or updating the finishes to your home, these are the 9 h...

The Death of Single-Family Zoning: Senate Bill 9 (SB-9)

 September 27, 2021 by  Tim Burke  On September 16, 2021, Governor Gavin Newsom signed Senate Bill 9 (SB 9), also known as the California Housing Opportunity and More Efficiency (HOME) Act. The passage of SB 9 will forever change single-family zoning in the state of California. The bill was created with the purpose to increase housing in the state. SB 9 allows homeow...

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Fannie, Freddie loan limits set for record 50-year leap in 2022

BY MATT CARTER October 05, 2021 The surge in home prices during the pandemic could fuel the biggest dollar increase in the conforming loan limit for Fannie Mae and Freddie Mac in records dating to 1970. An increase in the conforming loan limit means more homebuyers will be able to apply for conforming mortgages instead of “jumbo” loans, which are typically harder to ...

What to Know About the HOA Balcony Law (SB 326)

FEBRUARY 08, 2021  https://www.apsmanagement.com/blog/what-to-know-about-the-hoa-balcony-law-sb-326/ On August 30, 2019, the Governor of California approved Senate Bill No. 326, which amends Civil Code Section 5551. Also known as the Balcony Law, SB 326 essentially protects property owners from building defects, and helps keep residents safe from hazards due to construction flaws.&nb...

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Zillow, facing big losses, quits flipping houses and will lay off a quarter of its staff

Nov. 2, 2021  Daily Business Briefing By Stephen Gandel https://www.nytimes.com/live/2021/11/02/business/news-business-stock-market#zillow-q3-earnings-home-flipping-ibuying Zillow, the real estate website known for estimating house values, said on Tuesday that it would exit the business of rapidly buying and selling houses amid heavy losses and that it planned to let go ab...

No, the housing market isn’t in a bubble. But there still are many things to worry about in 2022.

By Mark Zandi January 6, 2022 at 8:00 a.m. EST House prices are sizzling. Not just in swanky neighborhoods in the nation’s big cities or in resort towns. Not just in the suburbs or exurbs. Not just in inner cities or in rural areas. Just about everywhere. House prices were rising strongly before the pandemic, but since the pandemic hit they’ve been on a tear. The media...

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Employee Retention Credit — Still The One (The Latest Update)

Dean Zerbe Contributor Forbes Magazine Article Here The Employee Retention Credit (ERC) has proven to be one of the most effective tax policies in helping small and medium businesses and tax-exempt entities weather the economic impact of the pandemic. The ERC provides employers up to $7,000 per employee per quarter in refundable tax relief for the first three quarters of 2021 (a...

Real Estate newsletter: A buyer’s market emerges

https://www.latimes.com/business/newsletter/2022-08-20/real-estate-newsletter-20220820-hot-property-real-estate BY JACK FLEMMING STAFF WRITER  AUG. 20, 2022 7 AM PT Welcome back to the Real Estate newsletter. This week, we got an expert to say six magic words that many Angelenos have been waiting to hear for a long, long time: “It’s turning into a buyer&...