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Worried about the mortgage or rent? Help for homeowners and renters affected by COVID-19

We know you’re worried, the coronavirus has already affected you in so many ways. But there is some help with the mortgage or rent the next few months. Uncle Sam, the state, cities and even big banks are taking unprecedented steps to help.

Details on:
  • Homeowners with FHA-backed mortgages can get help up to a year
  • Banks, credit unions offer three-month break in mortgage payments
  • State, cities and counties ban evictions for a few months
  • You really wanna buy or sell a house now? Be patient.

Curb appeal pays off more than kitchen remodels

Stone veneer and new garage doors may not be very exciting, but they are the most rock-solid of investments when it comes to home-improvement projects

Also in the blog:
  • How to make the most of record-low mortgage rates
  • LA hardest housing market in U.S. for average buyers
  • Bakersfield is top luxury market in CA (really)
  • Q4 affordability stable

Coronavirus concerns overshadow strong February home prices, sales

Home sales and prices soared in February, but the COVID-19 pandemic will have a significant impact on the market in the coming months.

What regions are most at risk for wildfires?

Nine of the nation’s 15 metro regions with the highest risk of wildfires are in California, threatening the state’s residents and economy.

By the numbers

Mortgage rates

Long-term rates declined as buyer demand dropped with the COVID-19 pandemic for the week ending April 2:
30-year: 3.33% vs. 3.50% a week ago
15-year: 2.82% vs. 2.92% a week ago
Source: Freddie Mac

median Home price

The median home price climbed to $579,770 in February, an 8.5% increase from a year ago. It’s the fifth straight month of year-over-year 6%-plus gains.

Source: California Association of Realtors

Active listings

Active listings — the number of homes listed — plummeted 25% in February compared to a year ago. It’s third consecutive month of a 25%-plus drop.

Source: California Association of Realtors 

Apartment rent

The average rent for a two-bedroom apartment in California was $1,856 in February, a 1.6% increase vs. a year ago. Priciest state for rent in the U.S.

Source: ApartmentList

Top-selling master-planned communities

California has some of the best-selling master-planned communities in the state. Which one holds the Golden State title?

Also in the blog:
  • 3 cities join $1M club, 3 fall off
  • Buy or rent?
  • Guess what city has the largest percentage rent increase in the state?

Red-hot market will cool off

Economists and real estate experts say several cities are likely to suffer from fewer sales, lower values in 2020.

Also in the blog:
  • A decade of huge price gains, especially in this one city
  • Only three cities are ‘affordable’ for buyers

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