SB9 - Adding More Housing For California Senate Bill 9 allows property owners to split a single-family lot into two lots, add a second home to their lot or split their lot into two and place duplexes on each. The last option would create four housing units on a property currently limited to a single-family house.
Can you take advantage of these market conditions? Today I have the latest news and notes from our San Luis Obispo market as we make our way through July. Inventory is practically the lowest it’s ever been, and the same can be said for interest rates. Since these are the driving forces behind our market, there are a couple of key tips buyers and sellers need to remember if they want to take ...
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YOUTU.BE
Last Liked - 14 months ago by TodayWeBuy
Get A Jumbo Loan. Monthly Payments Can Be Less! I find this very interesting.
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Last Liked - 15 months ago by TodayWeBuy
Market Crash Coming? Today the Federal Reserve released inflation data of 5.4%. For every 1% the Federal Reserve increases interest rates, there is a 10% drop in real estate prices. If inflation continues, the Federal Reserve will be forced to raise interest rates in Q4 2021 or Q1 2022.
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Last Liked - 3 months ago by TodayWeBuy
Mortgage Forbearance Below is a nice write up about mortgage forbearance from our friends at Motley Fool, which provides a great service by the way.
FOOL.COM
Mortgage Forbearance 2021
Last Liked - 3 months ago by TodayWeBuy
Why I'm Never Going To Afford A Home Love this guy, Graham Stephan ...
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California Proposition 19 Deadlines: 12/31/2020 and 2/16/2021 Prop 15 got all the attention in California, but Prop 19 will have a major impact.
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Private Mortgage Insurance: One Strategy That Can Benefit You! If you can't come up with 20% down on a home (and who can now a days), you'll pay Private Mortgage Insurance (PMI). PMI ends when you have 20% equity in your home.
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SB 1120 - Ends Single Family Zoning Throughout California What's your view on SB 1120 now being considered by California Assembly?
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1 Comment - 12 months ago by TodayWeBuy
Update to SB 1120: This bill died in the final three minutes of the California Senate. TodayWeBuy · 12MOpenHouseOn.com LLC, Camarillo, CA · DRE 12345678
Home Prices Rise 12.1% Even With COVID-19 Southland home prices increased 12.1% year over year and sales grew 2.4% as buyers took advantage of low mortgage rates according to the LA Times. This was the largest percent increase since 2014.
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California Prop. 15, 19, and 21 Deal With Real Estate Prop. 15 - Commercial Property Tax
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Last Liked - 12 months ago by TodayWeBuy
LA Times Recommends: Yes on 15, No on 19 Proposition 15 taxes commercial and industrial properties at today’s market rate value instead of their value in 1978 plus %2 per year increase. Properties under $3 million are not impacted.
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Save money. Bring a marble to your next Open House. When visiting an open house, place a marble on the laminate or hardwood floor to see if the marble rolls downhill. This may indicate a foundation problem which usually is very expensive to fix and can cause doors and cabinets not to close.
Working4Home Idea #1: AT&T Smart Call Blocker Are you tired getting robo calls while WORKING from home?
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TELEPHONES.ATT.COM
AT&T Smart Call Block Phones
2 Comments - 15 months ago by Professional John Dee
In case you're wondering, we don't make any money if you buy these phones. We're just making you aware of this product and why we like them. TodayWeBuy · 15MOpenHouseOn.com LLC, Camarillo, CA · DRE 12345678
Thanks for the info. I dislike ROBO CALLS!
John Dee · 15MBased in Camarillo, CA
Mortgage Rates Hit Another All-Time Low Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery. These low rates have ignited robust purchase demand activity, which is up twenty-five percent from a year ago and has been growing at double digit rates for four consecutive months. However, heading into the fall it will be difficult to sustain the ...
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FREDDIEMAC.COM
Freddie Mac Rates
Last Liked - 13 months ago by TodayWeBuy
It's Getting Harder to Qualify for a Mortgage COVID-19 has reduced the number of homes for sale. While interest rates are the lowest in 50 years, trying to get a mortgage is getting harder.
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MBA.ORG
Mortgage Credit Availability Index
Last Liked - 14 months ago by TodayWeBuy
Wear a Mask Diagram Here's a useful diagram on COVID-19. Bottom line:
Wear a mask and avoid people who don't.
Lowest Rates Ever Based on the chart below that goes from 1972 to 2020, these Freddie Mac rates look to be the lowest ever recorded! Wow!
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FREDDIEMAC.COM
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