2021 mortgage originations decline from record heights

70% of homes are purchased with a mortgage here in California in 2021. While cash purchases have increased alongside steep competition in 2021, the vast majority of purchases continue to rely on financing. Thus, the state of the mortgage market is a major influence on the housing market, here in California and nationwide. The dollar amount for mortgage originations

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Goodbye Golden State: Ex-Californians seek out lower costs of living

Californians are making moves to other states. California’s population recently decreased for the first time in memory, declining 0.46% from January 2020 to January 2021. For reference, the past two decades have seen the population increase around 1% each year. Where are all of these California residents going? Of those former Californians who purchased a

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Treasury wants more oversight of all-cash real estate deals

WASHINGTON (AP) — The Biden administration is looking to expand reporting requirements on all-cash real estate deals to help crack down on bad actors’ use of the U.S. market to launder money made through illicit activity. The Treasury Department was posting notice Monday seeking public comment for a potential regulation that would address what it

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Cities Rush to Use Infrastructure Bill to Fund State and Local Projects

Clean energy and grid-related investments and incentives for public-private partnerships are likely. By Paul Bergeron | November 18, 2021 at 07:34 AM An influx of cities are already reaching out for guidance to implement changes across their real estate portfolios as a result of the $1.2 trillion infrastructure bill signed by President Biden this week, JLL reported. “The bill includes

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