There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize,
Real Estate News
From Backyard Cottages to Family Compounds: The Growing Popularity of ADUs
In California, accessory dwelling units (ADUs) have seen a significant rise, accounting for one in five new homes in 2023, up from one in ten just three years prior. This surge is partly due to legislation that has simplified and expedited the approval process, encouraging homeowners to build ADUs on their properties. For example, Mike Bradley’s family in Berkeley expanded their home to accommodate multiple generations by adding a 1,000-square-foot ADU for $350,000.
ADUs offer a solution to California’s housing shortage by utilizing existing residential lots, especially in areas with large properties. However, while ADUs can provide rental income and increase property value, they don’t always lead to significant resale value boosts due to reduced lot sizes. Developers are also integrating ADUs into new subdivisions, increasing housing density without changing zoning laws.
Despite the benefits, ADUs are not a comprehensive solution to the housing crisis. They are often built for personal use or short-term rentals rather than long-term housing. Legislation has enabled ADUs to be a popular choice, but experts, emphasize the need for a broader range of housing types to meet the state’s needs.
Real Estate Blog
If you’re considering buying a home in a community governed by a Homeowners Association (HOA), you’re not alone. HOAs are common, offering a structured community environment with shared amenities and well-maintained surroundings. However, navigating life with an HOA can come with its own set of challenges and benefits. Here’s a handy guide to help you make the most of your HOA experience.
Navigating the world of home financing can be complex, especially when deciding between a mortgage broker and a mortgage banker. Understanding the distinctions between the two can help you make an informed choice that best suits your financial needs and goals.
As the effects of climate change continue to intensify, the repercussions are reverberating throughout various sectors, including the home insurance industry and the broader U.S. housing market. With each passing year, extreme weather events fueled by climate change are leaving an indelible mark on the affordability and availability of home and fire insurance across the nation.
Local Market Reports
Whittier
Los Angeles
Orange County
I met Mr Hyde in 2017 while searching for someone to help my sister in law who was in a financially challenging position
I was referred to Lamont Hyde from a neighbor of mine who had used him to purchase her home a few years back. My mother had past away a few months
My wife & I never thought we could afford to own our home. We were currently living with my mother since being married 8 years ago.
