California homeowners are enjoying hefty profits when selling — and when they don’t. Also, bigger down payments and higher credit scores needed for buyers, and don’t expect 3.5 million more homes anytime soon.
Uncle Sam has already pumped a lot of money into the economy during the past several weeks. Do we need more to help out-of-work homeowners with their mortgages?
Some dramatic efforts could help millions of Californians avoid evictions and foreclosures as they shelter in place to reduce the risk of COVID-19.
Outside home-improvement projects generate the best return. Also, time to refinance with record-low mortgage rates and Bakersfield is the top luxury market in the state, likely because LA is too pricey.
California had five of the top 20-selling master-planned communities in the U.S. Also, the state adds some cities to the million-dollar list, but a few fall off. What makes more sense, buying or renting?
Economists and real estate experts say several California cities could endure lower home prices and values. Also, impressive home price growth during the past decade and affordability is a major problem in the state.