Calhomenews
Plus, the flip side of the equity gain for homeowners means home-shoppers are losing ground (see how much income needed by market). Mortgage lenders expect much higher FHA conforming loan limits and closing costs increase (sort of).
Plus, the Best Places to Live winners in California, home-flipping profits slide, Stockton gets ‘overvalued’ label, and the state issues $1.75 billion more for affordable housing.
Plus, an LA mega-mansion seeking $500 million enters receivership with a mountain of debt, some rents rebound from the pandemic, and San Diego home prices surge.
Plus, Fannie Mae will consider rent payments as part of the application process for first-time buyers, affordability plummets to 14-year low, and half of homeowners in Golden State are equity rich.
Plus, real estate investors are buying more homes and competing with everyday folks for properties, foreign homebuyers have declined with the pandemic, and the governor appoints a new CalHFA executive director.