Residents of California may find that bitcoin is useful when making real estate transactions. In 2017, a home in Manhattan Beach valued at $3.23 million was purchased with 3,300 bitcoins. Those bitcoins are now valued at roughly $34 million. Proponents of using...
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Residential Real Estate
Home sales sluggish again in January
People bought fewer new single-family homes in January. According to the Commerce Department, sales in this category dropped 7.8 percent during that month to a seasonally adjusted 593,000 units. That was the lowest level since August 2017, and it was the second...
Emotions add to the price tag of homes for first-time buyers
The purchase of a first home in California represents an exciting achievement. People typically work and save toward this goal for a long time, but a study produced by the Federal Housing Finance Agency reveals that first-time buyers pay more than veteran home...
Barriers to home ownership for younger people
Society may think that young people living in California don't want to buy a home because it would make it harder to buy other things. However, the reasons why younger people don't want to buy a home aren't that out of the ordinary. For instance, many who went through...
An overview of the 2018 housing market
California residents and others who are looking to buy homes in 2018 may face a couple of key challenges. First, mortgages are expected to get more expensive as the year goes on. Rates could rise to as high as 4.5 percent by the end of 2018. Second, any available...
Tips to keep in mind when buying a home
Buying a home can be an exciting yet challenging time for people in California. Planning a move into one's dream home can be a major accomplishment in life, but a home purchase also comes with major stresses about securing financing, ensuring a proper inspection and...
How to buy a house with poor credit
When a California resident wants to buy a house, a lender will run a credit check. If prospective buyers have a low credit score, it may hinder their ability to get a mortgage. However, those with poor credit may still have an opportunity to purchase a home. One...
L.A. mayor signs off on developer fee to fund affordable housing
Very high rents price many people out of homes in California cities. To raise money for the development of affordable housing, the Los Angeles City Council voted in favor of a fee ordinance that would collect fees from developers. Mayor Eric Garcetti's signature made...
Sellers may face tougher conditions in 2018
Buyers in California may find that they can find better deals on homes in 2018. This is because rising prices and changes to tax laws may reduce the demand for properties on the open market. According to the chief economist of the National Association of Realtors,...
How to sell a home during a divorce
Divorce and moving are two of the most stressful events a California resident may experience. Moving because of a divorce may be painful, but there are ways to get through it with a minimal amount of stress. For instance, it may be a good idea to designate one person...