Category: home ownership

2021 April 5

Types of Escrow Accounts and How They Work

Types of Escrow Accounts and How They Work

What are escrow accounts and how do escrow accounts work?, Before we can get into the details, let’s first define what escrow is. Escrow is a process that takes place during the home buying process. Think of it as a form of safekeeping. So, between the time of a purchase agreement and the closing of

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2021 April 2

House Price vs. Interest Rate: What’s More Important?

house-price-vs-interest-rate-whats-more-important

The pandemic at the start of 2020 led the housing market to see an increase in housing prices. In November of 2020 according to S&P CoreLogic Case-Shiller National Home Price NSA Index, house prices rose about 9.5%. In turn, mortgage rates have been decreasing. According to the National Association of Realtors (NAR), experts have predicted

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2021 March 29

All You Need to Know About California’s Proposition 19

All You Need to Know About California's Proposition 19

Property tax laws in California just got shaken up a bit. People who inherit property from their parents and grandparents are facing some new changes. To understand Proposition 19, let’s start with what California’s Proposition 13 is. Proposition 13 of 1978 was an amendment to the California Constitution that set base year values.  This meant

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