According to the California Association of Realtors (C.A.R.), 2025 is looking to be a year of opportunity for the housing market, with home sales and prices expected to rise. Buyers and sellers appear to be returning to the market as lower interest rates and better housing supply conditions increase. For those curious about what next year’s market will look like, California Builder Services is here…
Often, managers of Homeowners Associations (HOAs) are hesitant to conduct special assessments, as the money required to perform them may not be recovered, and the frequency of these payments can be unknown. That’s why it’s important to have reserve funds readily available to pay for these repairs and replacements. The question is, how does the HOA board know how much money it needs to set aside?
According to the Foundation for Community Association Research, around 75.5 million people in the United States live in a homeowners association (HOA) community, which is more than 30% of the U.S. housing stock. Reserve studies refers to a vital capital planning tool for Homeowners Associations and condominium associations that provides directional guidance and an in-depth analysis of community assets.
The Federal Reserve is hoping to provide some economic relief to Americans through an interest rate cut made in September, as preparation for a potential recession continues. Higher interest rates have stunted the housing market, as home buyers are pulling back due to high borrowing costs and soaring home prices.
ADUs have the potential to increase housing affordability for homeowners and tenants, create a wider range of housing options within a community, and facilitate better use of the existing housing fabric in established neighborhoods.
In March 2024, the National Association of Realtors (NAR) entered into a proposed settlement agreement with various homeowners to resolve a nationwide litigation concerning broker commissions.
As interest rates begin to subside, developers are ramping up efforts to build new apartments, condos, and single-family homes across the state. In this blog, California Builder Services will break down this increase in construction and its potential implications for builders and future buyers.
In many parts of the United States, interest rates and home sale prices refuse to go down, signifying a strong start to the sales portion of the 2024 housing market. In June, the average home price was up by four percent compared to 2023, which is the good news for sellers looking to earn top dollar.
Did you know Florida is home to nearly 50,000 HOAs, making it the state with the second-highest number of HOAs in the country, behind California? A recent bill signed by Governor Ron DeSantis, effective this July, aims to offer more leniency to homeowners while providing HOAs with clearer guidelines and restrictions.
The California Department of Real Estate (DRE) is implementing new regulations that impact buyers and sellers. These new regulations will implement higher fees, revised mapping regulations, and new building configurations. Real estate professionals and stakeholders—particularly developers—must familiarize themselves with these updates to navigate the evolving regulatory framework and continue providing high-quality services. We’ve created a blog post with helpful information on the updated filing fees and a full analysis of the changes.
If you have questions, we’d love to hear from you!
