Assembly Bills 9 and 10 could now eliminate single-family neighborhoods. Gov. Newsom just signed the bills. This will allow a single-family home to be replaced by up to four units.
California Attorney General Rob Bonta today issued a consumer alert reminding California’s tenants and homeowners of their rights and protections amidst the COVID-19 pandemic. The Attorney General recognizes that families across the state may be facing difficulty affording rent and mortgage payments, including as the result of layoffs, reduced working hours, and other economic impacts of COVID-19. Attorney General Bonta provides the following information to help Californians understand the protections in place that can help prevent evictions and foreclosures during the pandemic.
Recently, mortgage and refinance rates haven’t made any big moves. “Rates are going to stay more or less fairly close to where they are…through the summer,” predicts Dick Lepre, senior loan advisor at RPM Mortgage. In the coming weeks and months, you should still be able to take advantage of the current mortgage interest rates. But over the course of the year, some experts expect rates to rise in 2021. “The upside risk to rates is, in my opinion, much higher, then the [possibility] of them dropping lower,” says Rich Swerbinksy, president and COO at Mortgage Collaborative.
Residential real estate provides one of the most basic human needs -- shelter. When the world shifted to 'everything from home' due to the pandemic, that place of shelter took on many more identities. The home is now the focal point in many of our lives, representing where people work, shop, school and exercise.