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.
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.
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.
Institutional investors have been crunching data and finding out that buying and leasing out homes does not generate the same head-turning returns.
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.
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