Category: HOUSING MARKET UPDATE
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Housing Market Takes a Hit: Single-Family Home Construction Dips
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The US housing market saw a significant setback in March as single-family home construction took a nosedive. While the demand for new homes remains strong due to a shortage of existing homes for sale, rising mortgage rates are causing potential buyers to hold back. According to a report from the Commerce Department, permits for future…
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San Jose program to build backyard homes is thriving
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by Annalise Freimarck, / article from sanjosespotlight.com Hundreds of granny units are popping up everywhere in San Jose due to a successful city program implemented five years ago. The city has issued nearly 3,000 permits and seen 1,451 granny units, also known as backyard homes or accessory dwelling units (ADUs), completed since launching its preapproved contractors…
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Why More Homeowners Are Refinancing Despite Rising Mortgage Rates
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Have you noticed mortgage rates inching back up over 7% lately? Despite this uptick, there’s been a surprising increase in people looking to refinance their mortgages. Let’s dive into why this trend is happening. What’s Going On? Why Are People Refinancing? Even with rates on the rise, many homeowners are still eager to refinance. Here’s…
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Exciting News for Potential Homebuyers in Alameda County!
Are you dreaming of owning your own home in Alameda County but struggling to make the down payment? Well, you’re in luck! Applications are now open for the final round of down-payment assistance funds through AC Boost, Alameda County’s homebuyer assistance program. Here’s what you need to know: What is AC Boost? AC Boost provides…
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Alameda County, CA Homebuyer Assistant Progam
Welcome to AC Boost! Article from AC Boost. https://www.acboost.org/ AC Boost is an innovative program designed to help middle-income households afford to buy a home in Alameda County. AC Boost gives buyers a boost, providing loans that are intended to bring homeownership within reach of households who would otherwise not be able to afford to…
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Considering the prospect of a Second Mortgage?
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Here’s a guide before diving into the realm of purchasing a second home. If you’re eyeing a new property while still holding onto your current one, you’re probably treading cautiously through the waters of managing two mortgages simultaneously. Balancing this scenario can be tricky for many buyers and sellers, but with some strategic maneuvering, it…
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Empower Homebuyers In Santa Clara County
We believe communities prosper when people can own a home in places that matter to them. Article From https://housingtrustsv.org/ With housing costs so high, many of our friends, families, colleagues, and neighbors in the greater Bay Area cannot afford to purchase a home here, because securing a down payment is out of reach. In San…
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N.A.R. (National Association of Real) $418 Million Settlement, The Implication To Buyers And Sellers
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The recent settlement announced by the National Association of Realtors could have a significant impact on how Americans buy and sell their homes. The agreement aims to change rules criticized for driving up home prices, potentially making the housing market fairer for buyers and sellers. However, some aspects will remain familiar even after the $418…
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Is the Housing Market Headed for a Crash? Here’s What the Experts Say
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Key Points: It’s frustrating for potential homebuyers to watch property prices continually climb. Even with some of the highest mortgage rates in over two decades, home prices remain on an upward trajectory. According to the National Association of Realtors (NAR), home prices rose again in January, marking the seventh consecutive month of year-over-year increases. Despite…
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CALIFORNIA DREAM FOR ALL-California Program That Helps Pay for Your First House
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Applications Open April 3 for California Program That Helps Pay for Your First House Erin Baldassari Article from KQED When it rolled out last year, the California Dream for All program — a loan application for first-time home buyers — exhausted its approximately $300 million of funding within 11 days. That prompted some changes this…