Another month of low inventory of single family homes in the South Bay


Comments

Post a Comment

Popular posts from this blog

Union City Rental Ordinance Update

From the City of Union City, CA-- Rent Review Ordinance On June 27, 2017, the City Council adopted an ordinance that adds Chapter 5.55 "Rent Review" to the City's municipal code. The Rent Review Ordinance regulates most residential rental units in Union City and 1) provides a non-binding mediation process for qualifying rent increases; and 2) requires that landlords provide tenants with a notice of tenant rights. Effective October 2, 2017 The full ordinance and additional information can be found at the following link: www.unioncity.org/rent-requirements Eviction Protection Ordinance On April 11, 2017, the City Council adopted an ordinance that adds Chapter 5.50 “Residential Landlord and Tenant Relations” to the City’s municipal code. The ordinance regulates most residential rental units in Union City and 1) requires landlords to provide a specific reason for terminating a tenancy; 2) prohibits landlords from engaging in specific harassment activity; and 3) requires th...
Read more

Green-improvement Loans May Cause Problems for Consumers

A story in the Press-Enterprise highlights some of the difficulties real estate agents and consumers are having when it comes time to refinance or sell a home with a HERO or PACE loan. The Property Assessed Clean Energy, or PACE, program upgrades include HERO loans. The HERO program allows a homeowner to install “green” improvements at a low out-of-pocket costs, but with a payment program attached to a homeowner’s property-tax bill. Real estate professionals say well-meaning green energy loan and lease programs crafted to put idled contractors to work and pump up home values need to be scrutinized carefully. The new, energy-efficient products to lower utility payments and increase the value of a home are written into property tax bills as an added assessment, and payments can stretch out for up to 20 years. The cost, plus an administrative fee, and interest, is tax-deductible. But it also takes a first-lien position. The first-position is so important the Federal Hou...
Read more