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09 Jul 3 Ways the last Jobs Report Will Affect California Real Estate in 2020

Posted at 09:50h in Economic News, Real Estate by Luis Carranza 0 Comments
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According to the UCLA Anderson Forecast, California’s economy will continue to grow in the coming years – but the pace will slow alongside a sluggish economy on the national level....

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19 Mar We need condos! Californians are Begging for Multi-unit Housing

Posted at 09:00h in Economic News, Real Estate by Luis Carranza 0 Comments
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The nation’s housing shortage is particularly tight on multi-unit, affordable housing. With recent wage growth and economic upturns, a huge new group of Millennial-aged buyers are ready to buy houses. But where will they live?...

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13 Mar How’s the market? Highlights in this March 2019 Real Estate and Mortgage Flash Report

Posted at 12:42h in Economic News, Market Reports, Mortgages, Real Estate by Luis Carranza 0 Comments
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It's officially spring time and forecasts for the housing market are looking bright. Experts are saying California real estate may outpace the nation. Zillow predicted we could see a 7.3% increase in home values in 2019. How would that growth impact your interest in real...

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08 Feb Trade war with China Impacts California Real Estate

Posted at 10:00h in Economic News, Real Estate by Luis Carranza 0 Comments
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In 2018 the U.S. Administration instituted tariffs on imported steel and aluminum. While new single-family homes do not use much of these materials in their construction, condominiums and apartment buildings rely on them. This cost is expected to be passed on to the renters and...

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03 Jan Four Government Programs giving Money to Home Owners & Buyers

Posted at 14:35h in Economic News by Luis Carranza 0 Comments
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After the holidays, a lot of people feel financially strapped and start thinking about how to save money. Great news! If you need help paying bills or taking care of your family, the government has some programs that could help....

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26 Dec California housing market sputters in November, C.A.R. reports

Posted at 10:21h in Economic News, Market Reports, Real Estate by Luis Carranza 0 Comments
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California home sales remained on a downward trend for the seventh consecutive month in November as prospective buyers continued to wait out the market....

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22 Sep Population trends for the Golden State

Posted at 09:00h in Economic News by Luis Carranza 0 Comments
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California’s population grew at a rate of 0.7% in 2017. This is a slightly quicker pace than the prior year, but the overall trend since 2009 is a declining growth rate. The annual rate of population growth is usually closer to 1%....

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04 Sep What Is MIP? Mortgage Insurance Premium, Explained

Posted at 08:00h in Economic News, Home Buying, Real Estate by Luis Carranza 0 Comments
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If you're a first-time mortgage borrower, you might be asking yourself, "What is MIP?" Home buyers considering getting a loan from the Federal Housing Administration will find MIP, or mortgage insurance premium, especially relevant because all FHA loans require insurance. Here's what you need to know about MIP,...

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07 Aug Price Bubble Forecasted for the Housing Market?

Posted at 08:00h in Economic News, Market Reports, Mortgages by Luis Carranza 0 Comments
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The most competitive, tightest housing market in decades may finally be loosening its grip, and that could put pressure on overheated home prices. The supply of homes for sale in the second quarter of 2018, the all-important spring market, rose at three times the rate...

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05 Apr Is California Tight on Housing?

Posted at 08:00h in Economic News, Home Buying by Luis Carranza 0 Comments
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Looking for housing in California — to buy or rent — means having the fewest choices in the nation. A curious stat from the U.S. Census Bureau tracks empty residences, whether those units are rentals or ownership properties. Basically, “gross vacancy rate” is a proportional measure...

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