Bay Valley Real Estate

Sacramento housing market update for July 19: Inklings of good news?
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Sacramento housing market update for July 19: Inklings of good news? The Sacramento housing market remains competitive, with the median home sale price in June being $477,000 according to Redfin. Mortgage rates have dropped back to 6.88% as of July 19 due to positive inflation reports and the Federal Reserve is expected to increase the benchmark borrowing rate for ba...

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Reasons to Invest in Real Estate During an Economic Downturn

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

Federal Area Median Income Limit Adjustment: More California Homeowners Eligible for COVID-19 Relief Grant of up to $80,000
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Federal Area Median Income Limit Adjustment: More California Homeowners Eligible for COVID-19 Relief Grant of up to $80,000 The California Mortgage Relief Program is providing essential relief to California homeowners who are struggling with housing payments due to the pandemic. HUD recently updated the Area Median Income (AMI) levels, meaning more California homeowners are now eligible for a grant of up to $80,000. The....

California Has a 4.1% Rental Vacancy Rate, 13th Lowest in the U.S.
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California Has a 4.1% Rental Vacancy Rate, 13th Lowest in the U.S. The COVID-19 pandemic caused a drastic transformation in how and where people live. Following the initial lockdowns, society re-opened with a strong emphasis on remote work and social distancing, leading to many relocating away from city centers. While some moved to more spacious and affordable Sun....

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States With the Highest Housing Costs

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

Sacramento County housing report shows continued need for affordable housing
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Sacramento County housing report shows continued need for affordable housing The Sacramento Housing Alliance released a report about the affordable housing needs in the Sacramento region, which includes El Dorado, Placer, Yolo, Yuba, Sacramento and Sutter counties. According to the report, more than 55,700 low-income renter households in the county do not have access to affo...

California's 'Dream for All' home loan program drained its $300M budget in just 11 days — 3 ways to gain exposure to West Coast real estate
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States With the Highest Tax Burdens in America

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

California’s Grants to Retrofit Single-Family Homes Against Earthquake Damage

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

Home is sacred. California must pass stronger tenant protections.
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Home is sacred. California must pass stronger tenant protections. Two sisters from California are committed to improving the state by supporting the Homelessness Prevention Act (SB 567). This is inspired by their parents, who both experienced poverty and precarity, and the words of the Prophet Isaiah to share bread with the hungry and take the homeless poor into o...

Housing shortage scrutiny: Sacramento region sees big drop in homes being built
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Housing shortage scrutiny: Sacramento region sees big drop in homes being built The survey shows that the Sacramento region is falling way behind the goal of 45,000 new homes by the end of the decade. Housing advocates say this shortage is contributing to the homeless crisis and the marketplace is competitive due to the lack of housing. California Attorney General Rob Bonta has...

Sacramento: A Spring Bump in the Housing Market

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

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Home Evaluation Estimate | roomvu Which Home You Can Buy? Type your details and get a quick suggestions.

California First-Time Homebuyer Programs

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

Could Shared Homeownership Work for Sacramento?

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

Is California taxed less than Texas? New study says yes...but there's a catch | Fox News
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Is California taxed less than Texas? New study says yes...but there's a catch | Fox News The study claims that California is the twelfth lowest-taxed state in the union with the District of Columbia coming in at number 15, Massachusetts at 26, and Texas at 40th. In order to identify the states with the highest and lowest tax rates, WalletHub compared the 50 states and the District of Co...

Sacramento Tops List Of Relocation Hot Spots In Q4

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

Mortgage rates increase for second consecutive week
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Mortgage rates increase for second consecutive week Overall housing costs are also increasing and therefore impacting inflation, which continues to persist.” 30-year fixed-rate mortgages averaged 6.32% as of February 16, 2023, up from last week when it averaged 6.12%. A year ago at this time, the 30-year FRM averaged 3.92%. 15-year fixed-rate mortg...

What California’s Market Historically Has Gone Through

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

Don’t Wait Longer To Buy A Property In Sacramento!

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

Homebuyers are fleeing California. But one city in the state is defying the exodus trend
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Homebuyers are fleeing California. But one city in the state is defying the exodus trend A net of more than 41,000 Californians searching for a home on Redfin over the last three months of 2022 looked to leave the state, the company reported this week, by far the highest number of any state in the nation. However, the Sacramento region remained the top destination on the site for people...

Home Sales In California To Drop During 2022
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Home Sales In California To Drop During 2022 A brief respite from rising interest rates helped boost California home sales during December to break a three-month slump, but remained below the $250,000 mark for the second month in a row, according to the California Association of Realtors (CAR). For 2022 as a whole, the median home price in Cal...

Housing market 2023 predictions: When will home prices drop?
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Housing market 2023 predictions: When will home prices drop? The U.S. housing market is going through what Federal Reserve Chairman Jerome Powell has called a “difficult correction” and a “reset” as it comes off the tail end of a pandemic frenzy fueled “housing bubble.” In its fight with record inflation levels throughout 2022, the Fed made a seri...

Years Of Work Needed To Afford A Down Payment In Sacramento

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

Real Estate Markets Set to Normalize in 2023 After Nearly Three Years of the Pandemic Boom
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Real Estate Markets Set to Normalize in 2023 After Nearly Three Years of the Pandemic Boom Global house-price growth for luxury properties—the top 5% of the market—slowed to 8.8% per year in the third quarter, down from 10.9% at their peak in the start of 2022, according to a report from Knight Frank. Following a record-setting year in 2021, sales activity in the city had already seen...

Sacramento Has Eleventh-Least Inventory Among US Large Cities

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

Rapid interest rate increases continue to depress California home sales and prices in November, C.A.R. reports
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Rapid interest rate increases continue to depress California home sales and prices in November, C.A.R. reports LOS ANGELES, Dec. 16, 2022 /PRNewswire/ -- Housing demand in California continued to fall as rising interest rates further dampened the state's housing market in November as home sales registered the lowest annualized pace since October 2007 and the largest year-over-year sales drop in at least the....

Smaller Rate Hikes Are Likely Coming in December

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

2022 Homeownership Rates in the U.S. by State and City
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2022 Homeownership Rates in the U.S. by State and City The U.S. has a homeownership rate of 66.6%. For example, West Virginia features one of the lowest property tax rates in the U.S. at 0.58%, as well as the highest rate of homeownership of any state, with 73% of its residential real estate being owner-occupied. Inflow has been defined as the number of...

Mortgage Rates Tick Down
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Mortgage Rates Tick Down MCLEAN, Va., Nov. 23, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing the 30-year fixed-rate mortgage (FRM) averaged 6.58 percent. 30-year fixed-rate mortgage averaged 6.58 percent as of November 23, 2022, down from....

U.S. mortgage rates have posted the biggest drop since 1981
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U.S. mortgage rates have posted the biggest drop since 1981 Real Estate News U.S. mortgage rates have posted the biggest drop since 1981 The average rate for a 30-year fixed mortgage was 6.61%, the lowest level in almost two months, Freddie Mac said in a statement Thursday. . Adobe Stock The average rate for a 30-year fixed mortgage was 6.61%, the lowest lev...

California tenants rise up, demand rent caps from city halls
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California tenants rise up, demand rent caps from city halls But, she said, she also saw people summon the courage “to go before council, to rally, to march, to speak to the press and be exposed in a way that I think tenants were too afraid to do before, but now really felt they had little to lose.” “I really don’t know where my strength came from, to...

Sacramento is No. 1 for homebuyers looking to leave bigger cities, analysis finds
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Sacramento is No. 1 for homebuyers looking to leave bigger cities, analysis finds Sacramento is the top destination for people looking to move out of larger cities, according to a new Redfin analysis. Popularity was determined by “the number of people looking to move into a metro minus the number of people looking to leave.” The cities with the largest number of people lookin...

The benefits to getting pre-approved

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

Financial repercussions in home purchase cancellations

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.

C.A.R. releases its 2023 California Housing Market Forecast
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C.A.R. releases its 2023 California Housing Market Forecast LOS ANGELES, Oct. 12, 2022 /PRNewswire/ -- A modest recession caused by an ongoing battle against inflation will keep interest rates elevated to suppress buyer demand and contribute to a weaker housing market in 2023, according to a housing and economic forecast released today by the CALIFORNIA ASSO...

Home inspections and home repairs: the new norm all over again

Dwayne & Felicia Brown Dwayne & Felicia Brown is a real estate agent with Bay Valley Real Estate, Inc.. Check out Dwayne & Felicia Brown's listings or office listings.