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California Has 0.2% Decrease In Homeownership Since 2010

California Has 0.2% Decrease In Homeownership Since 2010

Mike LaFirenza The COVID-19 pandemic created divergent fortunes for different parts of the income scale, and housing provides some of the starkest examples. Low-income earners were more likely to lose their jobs or have hours cut back and as a result relied more on government stimulus measures like direct payments, expanded unemployment benefits, eviction moratoriums, […]

California Has 2nd Lowest Homeownership Rate In U.S.

California Has 2nd Lowest Homeownership Rate In U.S.

Mike LaFirenza Income inequality has been a major social, political, and economic issue since the Great Recession, and the uneven effects of the COVID-19 economy has only made the gaps between America’s haves and have-nots even starker. These divergent economic fortunes will continue to have a major effect on housing in the U.S. During the […]

California Had 4th Most Mortgage Delinquencies During The Great Recession

California Had 4th Most Mortgage Delinquencies During The Great Recession

Mike LaFirenza More than 18 months into the COVID-19 pandemic, much about the pandemic-era economy remains unusual and difficult to analyze. From a labor market that has both worker shortages and high unemployment to supply chain breakdowns and inflation fears, it has been a challenge to assess the true state of the economy and what […]

Ventura County Community Development Corporation Celebrates 20TH Anniversary

Ventura County Community Development Corporation Celebrates 20TH Anniversary

by Sylvia Muñoz Schnopp (OXNARD, CA) Ventura County Community Development Corporation (VCCDC) will be celebrating its 20th anniversary on October 21, 2021, marking the organization’s impact of transforming lives through homeownership for two decades. Beginning as an operational venture under Cabrillo Economic Development Corporation, VCCDC was created in 2001, paving the way for the organization […]

California Has The 13th Most Residents Behind On Mortgage Payments

California Has The 13th Most Residents Behind On Mortgage Payments

After a year and a half of the COVID-19 pandemic, many of the policies put in place to protect homeowners and renters are coming to an end, and this fall could see a wave of foreclosures and evictions as a result. From early on in the pandemic, policymakers enacted measures to protect renters and homeowners […]

California Has 85.5% Mortgage Loan Approval Rate, Above Average

California Has 85.5% Mortgage Loan Approval Rate, Above Average

Pent-up demand from the pandemic, low interest rates, and a shortage of properties have created a booming housing market with near record levels of refinance activity. While typical home values have increased by 15% from a year ago, the housing market is expected to stay hot in many cities through the end of the year […]

SCAM ALERT | COVID-19 Mortgage Forbearance Warning

SCAM ALERT | COVID-19 Mortgage Forbearance Warning

VENTURA, California – District Attorney Gregory D. Totten warned today that county residents should be extra vigilant about mortgage, forbearance, and loan modification scams as financial predators seek to exploit the current COVID-19 pandemic. As a result of the economic fallout from the COVID-19 virus, last month alone, mortgage forbearance requests increased by approximately 2000 […]

Ben Bernanke’s Money

Ben Bernanke’s Money

By Chip Bok, Bokbluster.com   Editor’s note: Chip is one of our new writers- a talented cartoonist as well as political commentator. He was out here in SoCal this week attending an editorial board meeting for Investor’s Business Daily. People like this don’t work for free, so would you help us with our new trial Adopt-a-Reporter […]

Six important tax tips for homeowners

Six important tax tips for homeowners

UPDATE; Please keep in mind that the tips apply to federal income tax returns and not all apply to State of California returns By Jeff Reeves For tax year 2013, the standard deduction is $6,100 for single Americans and $12,200 for those married and filing jointly. That means unless you can claim more than those […]