A recently passed bill orders California to clarify building codes for live/work units.
Clarification coming on live/work unit regulations
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Buying Homes in Foreclosure
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Price-to-rent ratio soars in California
Costs are rising more quickly for homebuyers than renters in 2018.
First-time homebuyer uncertainty hinders construction, home sales; Monthly Statistical Update (November 2018)
Home sales volume to end year below 2017; Construction rises — too slowly; First-time homebuyers waiting in the wings
New law creates OC Housing Finance Trust
California Government Code §6539.5 Amended by A.B. 448 Effective: January 1, 2019 This bill creates the Orange County Housing Finance Trust. The purpose of this trust is to fund permanent, supportive housing for homeless and low-income individuals within Orange...
Press release: Buyer purchasing power index plummets in Q3 2018
The buyer purchasing power index continued to fall in Q3 2018.
Rising interest rates drag down refinances; Monthly Statistical Update (October 2018)
Key short-term rate rises; ARM rates inch higher; Fewer refinances going forward
More one-person households buying homes
More singles are striking out on their own to become homeowners.
Jobs, home sales, agents – peaked or not quite; Monthly Statistical Update (September 2018)
Jobs move real estate; Sales agent licensing and home sales volume move in tandem; Sales agent licensing and renewals to slip
Rising Baby Boomer and young adult populations look for home; Monthly Statistical Update (August 2018)
California’s growing population in search of housing; Homeownership strongest among older generation; First-time homebuyer population rises, homeownership remains down
Errata & Updates
- Effective January 1st, 2021, California homeowners qualify for a net equity homestead protection of up to $300,000 or the median sale price for a single family residence (SFR) in the homeowner’s county in the calendar year prior to the year in which they claim the exemption, not to exceed $600,000 (adjusted annually for inflation). [CCP §704.730] For more on this topic, see Form-of-the-Week: Homestead exemption, an asset preservation declaration – Form 465