#california

Latest from Debora

California's 39 Million Heirs!

I was talking to a young woman the other day and I found it so sad to see how worried, even scared she was about the future of our planet. It's frightening to see how quickly things are changing on earth. Ice melts, sea level rising, unpredictable weather and the extinction of certain species. How SAD! There is a great commercial that you can find on Youtube called California's 39 million Heirs It's a reminder to all of us about our responsibility to our state, our world and

A Mortgage Before Marriage!

Times they are a-changing! According to Lending Tree, young adults are getting married later in life. In 1980, the median age of a first marriage for men was 24.7 and 22 for women; by 2018, those numbers rose to 29.8 for men and 27.8 for women. Millenials comprise 37% of current home buyes Twenty-seven percent of millennial buyers say they are postponing parenthood until after they purchase a home 22 percent are waiting to get a pet until they have a home of their own 17% of

Top 20 Hottest Housing Markets in the U.S.

Out of the 20 hottest housing markets in January, eight of them were located in California. According to Realtor Magazine, homes in the nation’s hottest markets in January tended to sell anywhere between 14 to 55 days faster than the rest of the market. Historically, California markets used to dominate realtor.com®’s list but things are becoming a little more balanced across the country and smaller and more affordable markets are seeing strong gains. Here's a list from realto

National News: Increasing Gains on Home Sales - San Jose Tops the List!

Good news! In the third quarter of 2018, homeowners sold for an average of $61,232 more than their original purchase price—the highest average home seller price gain since 2007, according to a newly released report from ATTOM Data Solutions. That marks a 32% return on the original purchase price. Four out of the top 10 were located in California. Take a look..... San Jose, Calif.: 108.7% gain San Francisco: 77.3% Seattle: 69.8% Santa Rosa, Calif.: 67.9% Salem, Ore.: 63.4% Por

National News: Rents Continue to Rise & California Leads the Way!

As we know rents in California and on the Central Coast are high and we continue to have a shortage of affordable options. It looks like we aren't alone but 5 of the top 10 cities for highest rents in the US were in California and they continue to rise. The national average rent climbed to a record high of $1,409 in July, up 2.8 percent year over year according to RentCafe reports. The largest apartment rental increases were in Orlando (7.7 percent year over year); Las Vegas

National News: Vacant Properties In Urban Communities Continue To Be A Challenge!

You would think that most cities have recovered from the 2008 downturn but apparently, there are still towns across the U.S. that are struggling with the effects of the crash. I worked for a bank in the REO/Foreclosure division and at the height of the crash, I would drive through neighborhoods with "for sale" signs lined up all in a row. Every other house was vacant and of course, the homes and gardens were neglected and in disarray! It was a very sad situation and neighbors

National News: Helping gig-economy workers qualify for loans

What is the gig-economy? It refers to hundreds of income-earning activities that allow workers to set their own hours, work for as long or as little as they choose, and function as independent contractors or freelancers as opposed to salaried employees. Prominent examples include people who work as drivers for Uber or Lyft, assemble Ikea furniture through TaskRabbit and offer rooms in their homes on Airbnb. But when buying a home, the challenge for these workers is to make th

National News: Solar Power Required on New Homes Starting in 2020!

California will become the first state to require all new homes to have solar power. The new requirement will take effect in two years. By 2020, builders will be required to make individual homes available with solar panels or build a shared solar-power system that could serve a group of homes. The rooftop panels can either be owned by the homeowner and rolled into the cost of the home or leased on a monthly basis. The mandate could add up to $16,000 more to the cost of a

National News: Pacific Grove Short Term Rental Update

Short term rentals continue to be controversial in Pacific Grove and on May 11, a judge ruled in favor of the City and against a group of STR owners (STRONGPG) who objected to the lottery system that has been put in place. The judge said that cities have the right to make decisions for the good of the community and therefore the rights of landowners become secondary considerations. She also said that because an annual license expires, rights expires on the date and become inv

National News: Interest Rates

#california #population #cities

National News: California Cities

California continues to attract new residence everyyear and our populations are growing despite expensive housing and extensive legislation. TEN LARGEST CITIES (Population estimates for January 1, 2018 with percent change from the previous year) CITY POPULATION PERCENT INCREASE 1 Los Angeles 4,054,400 0.8% 2 San Diego 1,419,845 1.4% 3 San Jose 1,051,316 0.8% 4

National Real Estate: There's a New New App That Can Assess Earthquake Risk in Your Neighborhood

Cool news! California Geological Survey is helping state residents learn how close they live to a fault line, using interactive maps that can be accessed via smartphone. You can type in an address or share their location to see the nearest high-risk earthquake zone. The maps also reveal the risk of liquefaction—when land loses its stiffness under the stress of an earthquake and becomes like quicksand—or a landslide. The maps allow users to zoom in on a property and see which

Your California Central Coast Realtor ®

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