Government Code Section 65583(a) requires “An analysis of potential and actual governmental constraints upon the maintenance, improvement, or development of housing for all income levels,…including land use controls, building codes and their enforcement, site improvements, fees and other exactions required of developers, and local processing and permit procedures…”. Although local ordinances and policies are enacted … Read More “Land-Use Controls in California” »
Category: Real Estate News & Tips
Congratulations! You have accepted an offer. Here is everything you need to know about the escrow process. 1. Escrow Within three days of an accepted offer, the buyer will wire a 3% deposit into our escrow account. This deposit is refundable until after the contingencies have been lifted. At that time, the buyer will not … Read More “The Escrow Process for Sellers” »
The national real estate market is currently in a bit of a transitional phase. Here’s a breakdown of some key trends: Prices: Home prices are still rising, but the rate of increase may be slowing down. Nationally, the median sales price reached $379,100 in January 2024, which is up from a year ago, but the … Read More “The State of the Real Estate Market Now (February 2024)” »
The affordable housing crisis in the United States has plagued Americans across the country since the Great Recession—and is only getting worse. 2022 estimates indicate that the U.S. needs some four to five million more homes on the market than it has right now. Housing costs have become increasingly untenable for renters and buyers alike; over 40% … Read More “Affordable Housing Crisis in 2023: Where Do We Stand, What are the Solutions?” »
August 25, 2023 Pending sales have stabilized following months of steep declines, but homebuyer demand remains below pre-pandemic levels as house hunters grapple with elevated mortgage rates, high prices, and a lack of supply. Pending home sales inched up in July—rising 0.7% from a month earlier to the highest level since the start of the … Read More “Pending Home Sales Ticked Up in July But Still Hovered Near Recent Low” »
Let’s face it, real estate transactions can be extremely complicated and take up a lot of an agent’s time. But, dealing with contracts and disclosures comes with the territory when you’re in escrow. While this is a necessary part of being a real estate agent, savvy agents leverage their time, so they can continue cultivating … Read More “What are the Benefits of a Transaction Coordinator?” »
When winter departs, it’s time to check for damage and prepare for the hot weather ahead. With the days lengthening and the weather warming, spring is a good time to get outdoors and tackle some larger home projects. Now that the threat of winter storms has passed, you can look for damage and make any … Read More “Spring Home Maintenance Checklist” »
Don’t be tempted to skip steps—it could cost you! A real estate deal is generally a long and stressful exercise that involves many steps and procedural formalities. Closing on a house occurs when you sign the papers that make the house yours, but before that fateful day arrives, a long list of things has to happen. This … Read More “12 Steps of a Real Estate Closing” »