Mindblown: a blog about philosophy.

On September 22, California's Governor signed AB 3100, changing requirements for conventional home mortgage loans. Starting January 1, 2027, loans secured by owner-occupied properties with up to four units must allow existing borrowers to purchase another borrower’s property interest, assuming the seller’s mortgage in cases of divorce or legal separation, if qualified. This aligns state…

Homeownership is vital for building generational wealth, especially in the Black community, where 90% of wealth gains come from it. The Federal Reserve may cut interest rates, impacting affordability for buyers and current homeowners. Prospective buyers should focus on financial readiness rather than timing the market. Low down payment options and grants are available. Existing…

The California housing market is experiencing a downturn, with home sales in August hitting a seven-month low at an annualized rate of 262,050, marking a 6.3% drop from July. The median home price has plateaued at $888,740, showing minimal year-over-year growth. Despite lower interest rates, buyer hesitance persists. However, stricter lending standards and low inventory…

Predictions for the Bay Area housing market by 2030 indicate soaring home prices, potentially reaching between $2 million and $2.6 million. A chronic shortage of available homes is driving intense competition and bidding wars among buyers. The tech industry's growth and the rise of remote work are reshaping living preferences, with more residents moving to…

California's real estate market is expected to see a 10% increase in house sales in 2025, reaching 304,400 transactions, though it will still be one of the slowest years since the Reagan era. Median house prices are projected to rise nearly 5% to a record $909,400. Lower mortgage rates, anticipated to average 5.9%, may encourage…