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
Jimmy McMillan may have been ahead of his time. A perennial candidate in New York for various offices, McMillan created a single issue third party that ran on the notion that the rent was “too damn high.” Now, in an era where millions of Americans were adversely affected by a global pandemic and with national
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
However, a handful of cities across the country saw rents rise more than 30% from a year earlier, including Miami, Seattle, Portland, OR and Austin. Average monthly rents increased 13% nationwide over the past year, the highest growth rate in at least two years. The national median monthly mortgage payment for homebuyers posted even bigger
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
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