More Bay Area residents are looking at moving to the Sacramento region. Also, California has more than 75,000 delinquent FHA mortgages, nowhere is affordable in the state, only one city in the state makes Best Places to Live list, and ground-floor grocery stores often raise the rent of apartment buildings.
Which president has been the best for the housing market in California? Also, home refis are soaring, LA and SF go head-to-head on total home value, two of the nation’s best mid-sized markets are in California and the home flipping craze has slowed.
Competition for homes increases and prompts more bidding wars. Also, fewer foreign home buyers, AG Becerra warns mortgage servicers, more homeowners are equity rich, Fannie and Freddie fee boosts the cost of refis, and affordability dips with higher prices.
Californians who sold their homes in the second quarter netted large profits. Also, the end of federal COVID jobless benefits will have a huge impact on renters in the state, CalHFA helps record number of first-time buyers, and record-low rates are luring younger buyers — and saving all buyers and owners a ton of money.
The pandemic is pushing rents lower in the Bay Area and higher in inland areas. Also, Apple allocates $400 million for affordable housing, high-end home prices harder hit than most and higher prices are being offset by record-low mortgage rates.
Stitch Fix has announced plans to leave much of its customer representatives from San Francisco to other U.S. cities. Affected employees could buy a house and save a ton of money. Also, home-flipping sales soar but profits tumble, Welk Resorts agrees to $5.4 million settlement with timeshare owners, and a 60-hour work week is…