California Gov. Gavin Newsom announced Friday that Tony Sertich is the new executive director of the California Housing Finance Agency (CalHFA). Sertich most recently served as the assistant deputy director for the division of state financial assistance at the California Department of Housing and Community Development. He’s also served at CalHFA before as its financing […]
CalHFA announces Tony Sertich as new executive director Read More »
OCMBC Inc., dba LoanStream Mortgage, announced on Monday the retirement of its dba, Jet Advantage Mortgage, and the official launch of GIANT Lending. According to a press release from the company, the new identity “underscores the division’s mission to equip brokers with the strength, resources and support they need to thrive in any market.” “With
LoanStream launches new dba, GIANT Lending Read More »
Homeowners in New York and Washington, D.C., stand to gain the most from the recently expanded federal cap on state and local tax (SALT) deductions — with typical households in these locations saving more than $7,000 a year, according to a Redfin report released Thursday. The change — part of President Donald Trump’s One Big
New York and DC homeowners set for biggest savings from SALT cap hike Read More »
Household income in the U.S. rose slightly in 2024, but the picture looks very different depending on where you live. The national median income reached $83,730 last year, up 1.3% from 2023, according to a new report from online fintech company SmartAsset. That modest increase failed to keep pace with the roughly 3% inflation rate,
Household income climbs in some big cities, outweighed by inflation in others Read More »
California has become the first U.S. state to require homeowners selling older properties in high-risk wildfire zones to disclose not just a house’s vulnerabilities, but also steps taken to reduce those risks. The new mandate took effect in July and applies to houses built before 2010 – when the state strengthened building codes to withstand
Wildfire warnings accompany California’s older home sales Read More »
Los Angeles will make $387 million available for affordable housing projects — reportedly the largest single funding round in the city housing department history. Applications for the funds opened Sept. 5 and close Oct. 20. Eligible applicants include nonprofit and for-profit developers, community land trusts, limited equity housing cooperatives, public entities and other organizations, the
Los Angeles ‘mansion tax’ fuels record affordable housing funding Read More »
A growing number of U.S. housing markets face elevated risks from high foreclosure rates, underwater mortgages and rising costs, according to a new report. ATTOM analyzed 579 counties nationwide for its second-quarter Housing Risk Report — with ranking criteria including affordability, foreclosure activity, mortgage equity and unemployment. California and Florida counties were heavily represented among
Housing market risk steepest in southern, western areas Read More »
Top-producing real estate agent Mary Bee has affiliated with Coldwell Banker Realty’s office in Burlingame, Calif., the company announced. She was previously affiliated with RE/MAX Capital in San Mateo. In 2024, Bee closed 27 transactions totaling more than $74.2 million in sales volume — and has surpassed $1 billion over her 40-year career. Mary Bee
Coldwell Banker Realty adds top agent Mary Bee Read More »
With homeowners insurance premiums expected to rise an average of 8% in 2025, according to data from Insurify, and researchers blaming these rising costs for an uptick in mortgage delinquencies, it’s clear that insurance costs are hampering homebuyers’ and owners’ already strained wallets. “Insurance is one of those things that flies under the radar when
Housing industry groups are fighting the surge in homeowners insurance costs Read More »
San Diego-based startup FutureProof is using artificial intelligence (AI) to change the way insurers assess catastrophe risk and set premiums, a shift that could make insurance both more affordable and easier to come by in disaster-prone regions. “FutureProof started with thinking about the build environment and everyone’s homes and businesses,” FutureProof co-founder and co-CEO Alisa
Tech startup offering AI-driven property level risk modeling Read More »