Primary Residence, Second Home or Investment Property: How to Know the Difference
In California it is not uncommon for homeowners to own more than one property. Mountain cabins, beach houses, and vacation homes are part of the lifestyle. However, when it comes to getting a legal or financial edge, it can sometimes be hard to know how to classify the property. Here is a basic overview of some common property types and how to tell them apart.
If you are thinking of buying a condo or townhouse with an FHA loan product, we’ve got some good news for you: the Department of Housing and Urban Development (HUD) just made it easier to buy a condo using their Federal Housing Agency (FHA) low down-payment loans.
NAR found there has been a 31 percent drop in the number of foreign buyers and total sales volume fell 36 percent year-over-year. The decline was due to a drop in 1) the number of and 2) average price of purchases. Learn more about this trend below.
Christine's Corner: ADUs get a Boost from New California Laws
Governor Newsom of California has recently signed a string of new laws aimed directly at the growing problem of housing costs. As Newsome recently said, “the high cost of housing and rent is putting the squeeze on family budgets, and our housing shortage threatens our economic growth and long-term prosperity.”