The California Dream (or nightmare)?: Converting garages into homes
Garage conversions could become the next battleground between housing advocates and cities dealing with a shortage of parking in California.
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Big paychecks are nice, but high-priced housing takes big bite
High-priced housing costs hurt Californians in many markets, but benefits those in the lower-priced Central Valley. Also, luxury home prices slide, the Golden State is far from the best place to retire, and a new CalHFA home program helps Native Americans.
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Santa Cruz, Marin counties among least affordable in U.S.
Five of the 10 least affordable counties in the nation are in California. Also, Fremont and Irvine among the best cities for families in U.S.
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Fewer foreigners are buying homes in CA, U.S.
A slowing global economy and immigration concerns are causing more foreigners to hold off buying homes in U.S. Also, first-half rents soar in some areas and Bay Area home-sellers enjoy hefty profits.
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Earthquakes, wildfires make Los Angeles the highest-risk city for natural disasters
Earthquakes and wildfires pose very serious threats to many cities in California. Also, tax reform greatly affects Bay Area homeowners, but many will continue to tap equity for home-improvement projects.
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High home prices are bad medicine for RNs looking to buy
Registered nurses in California enjoy big paychecks, but they’re often not enough to become a homeowner. Also, home flipping profits tumble and equity gains stumble.
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Mortgage rates
Long-term mortgage rates remained steady for the period ending Aug. 15, as consumers continue to enjoy the lowest rates in three years.
30-year: 3.60%, no change from a week ago
15-year: 3.07% vs. 3.22% a week ago
Source: Freddie Mac
News
The California Dream (or nightmare)?: Converting garages into homes
Garage conversions could become the next battleground between housing advocates and cities dealing with a shortage of parking in California.
Read More
Lower rates raise home sales in August
Lower mortgage rates helped open the door to home ownership for more home-shoppers in August despite another month of record-high prices.
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Affordability drops to 30% in Q2 despite low mortgage rates
Mortgage rates may be at the lowest rate in three years, but affordability dropped in the second quarter and remains a major concern for the housing market.
Read MoreMust-reads from the web
OC Register: 5 of 30 worst-performing housing markets in CA
Oh, oh. Is the housing bubble about to burst? Data points to some trouble.
Bloomberg BusinessWeek: Home flipping gains are slowing
The home-flipping craze has been, well, crazy in recent years, thanks to HGTV. But those head-turning gains are becoming more like head-hanging losses.
Bloomberg BusinessWeek: More Californians are leaving for Boise, Reno
Affordability and politics, in some cases, are causing more Californians to leave the Golden State for Boise, Reno and other cities in the West.
Knowledge
REX gets $45 million, expands AI and big data real estate listings in California
Company's 2% commission model takes on the traditional real estate industry, where Multiple Listing Service holds the key to buying -- and selling.
Resources
$1.5M in fees, taxes waived for mobile home owners
A new state program will help mobile home owners to get the proper registration and title for their property and have fees and taxes waived, saving them hundreds or even thousands of dollars.
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