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Market Trends May 2, 2025 Real Estate Update: Market Trends & Opportunities As we step into May 2025, I wanted to share some key insights into the current U.S. real estate landscape to help you navigate the market effectively. Mortgage Rates Show Modest Decline The average rate for a 30-year fixed mortgage has eased to 6.76%, marking the second consecutive weekly decline. While rates remain above 6%, […]
Market Trends May 1, 2025 Housing Market Snapshot: Opportunities Amid Shifting Trends As we step into May, the U.S. housing market presents a dynamic landscape shaped by recent developments. Here’s a concise overview to keep you informed: Market Highlights: New Home Sales Surge: March witnessed a notable increase in new home sales, offering a positive signal for the market. (‘Bright Spot’ in Housing Market Expected to Be […]
Politics Housing – California 2024 Gubernatorial Race In the 2024 California gubernatorial racegubernatorial race, the candidates have diverse views on housing, reflecting the state’s deep crisis in affordability and homelessness: Gavin Newsom (current governor) focuses on affordable housing and homelessness reduction. He has signed a range of housing bills aimed at increasing housing production, especially through streamlining construction and reducing regulatory barriers. […]
Politics Proposition 33 – Rent Control (California 2024) – Brief Facts Purpose: Repeals the Costa-Hawkins Rental Housing Act of 1995, allowing cities to expand rent control to more types of housing, including buildings built after 1995 and single-family homes. KEY EFFECTS: Rent Control Expansion: Local governments would be able to set limits on rent increases and initial rental prices for a broader range of properties. Housing […]
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