Mindblown: a blog about philosophy.
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H1 California Homes: 2nd Highest Value, Prime Investment
In Q2 2024, typical home price in California is $806,674. This price is 222% of the typical US home value.
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Contra Costa County Market Update
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5 critical things homebuyers should do this August
Homebuyers should take advantage of the current mortgage interest rate climate, which has improved significantly from last year. With rates now around 6.80% for a 30-year mortgage, it's crucial to shop around for the best rates, boost credit scores, understand mortgage options, lock in favorable rates, and be aware of key dates that may affect…
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California Aims for 2.5M New Units by 2031
Critical shortage exacerbates economic, social issues: Particularly severe for lower-income families in urban areas.Rising costs hinder construction: Inflation, interest rates, and red tape drive up prices, especially for low-income housing.
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Unitary Taxation in California for Businesses & Non-Residents
California’s unitary taxation treats related entities as one, apportioning income based on sales within and outside the state.- 2 tests for unitary status: Three Unities Test & Functional Integration Test – Assess ownership, operation, and integration
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How much would a $600,000 mortgage cost per month?
Mortgage interest rates are currently around 6.50%, down from 7.31% last summer, with potential further cuts expected from the Federal Reserve. For a $600,000 mortgage with a 20% down payment, monthly payments are approximately $3,043.40 for a 30-year loan at 6.53% and $4,029.80 for a 15-year loan at 5.92%. If rates drop, payments could decrease…
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California’s New Housing Market Targets Wealthy Buyers
New homes in California are 22% more expensive and 27% larger. Nationwide, new homes are 15% pricier and 16% larger than older homes.
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Big Concord office building topples into loan default as market flops
A loan default on Sutter Square, a nine-story office building in downtown Concord, signals a weakening Bay Area commercial property market. The owner defaulted on a $25.2 million loan, leading to potential foreclosure by Banc of California. The bank has filed a lawsuit to appoint a receiver to manage the property after the loan matured…
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Defying the Odds: California Housing Market on the Mend
California’s housing market is recovering as recent mortgage rate declines boost demand and sales. Inflation cooling and economic resilience are promising for future moderation in mortgage rates.
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California Housing Market Crash: Is a Correction Coming Up?
The supply of houses for sale in California has been consistently lagging behind buyer demand, which is expected to continue in 2024.A dramatic crash seems unlikely due to persistent housing shortages; a market correction and stabilization of prices are possible.
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