Most flipped homes since the Great Recession, but profits tumble in much of California
Almost 34,000 homes were flipped in California in 2022, but higher mortgage rates and falling prices are greatly affecting profits for home flippers. Find out how much by region. Also, find out the most cost-effective home-improvement projects for owners planning to sell.
Free state program helps homeowners behind on their mortgage due to COVID
The California Mortgage Relief Program has expanded funding to as much as $80,000 for owners behind on mortgage payments and property taxes. Homeowners must meet income requirements, but they are much higher than many might expect.
Mortgage activity has the largest percentage decline since 2008, but down payments soar
Higher rates are causing many home shoppers to pull back on their plans, with mortgage activity plummeting during the second quarter. But those who are buying, are putting down record-setting down payments.
Real estate investors are pulling back on buying homes
Institutional investors have been crunching data and finding out that buying and leasing out homes does not generate the same head-turning returns.
Bank of America to help families buy their first homes in some Black and Latino areas
Bad credit, no down payment? No problem. Bank of America announces plan to help first-time buyers in some Black and Latino neighborhoods in Los Angeles.
