Blog Posts
02/23/2021
Golden State Stimulus package provides relief for small-businesses, low-income residents and more!
Photo by Vladimir Solomyani on Unsplash
Gov. Gavin Newsom signed a $7.6 billion coronavirus relief package into law on Tuesday, February 23rd. The relief package provides much-needed relief to the California small businesses and stimulus payments to low-income residents who may struggle with rent payments. more...
Presidents Day weekend marks the unofficial start of the spring housing market, but if you’re looking to get in this year, hold onto your wallet. Bidding wars are off the charts, even as home prices are rising rapidly.
The primary reason longtime home searchers haven’t bought a house yet is that they keep getting outbid. About 40% of potential buyers cited that in a recent survey by the National Association of Home Builders. The reasons are flipped from a year earlier when 44% said unaffordable prices were the primary reason they hadn’t bought yet, and 19% cited getting outbid. more...
Photo by Ketut Subiyanto from Pexels
Forbes Advisor Staff Natalie Campisi reported that first-time homebuyers often face many challenges when buying a home. Simply because they don’t have the advantage of equity from a former home sale, the first-time homebuyer down payments are often smaller than people who have already bought and sold homes. more...
Gavin Newsom (CC BY-SA 4.0) by Gage Skidmore
Governor Gavin Newsom and the top two legislative leaders of California state have succeeded in passing SB 91. The legislation, SB 91, won overwhelming bipartisan approval Thursday in both houses of the Legislature. SB 91 replaces California’s COVID-19 Tenant Relief Act of 2020, or AB 3088, which expires this Sunday. more...
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Throughout the year, rent declines have been so substantial that the median two-bedroom apartment in the city is now renting for the median price of a one-bedroom a year ago. more...
Photo by Jorge Maya on Unsplash
On Wednesday, January 6th, 2021, Gov. Gavin Newsom pushed for the rapid distribution of $2.6 billion in federal rent relief headed to California from the latest COVID-19 economic stimulus package. Newsom’s office said the funds should help low-income Californians and small-scale landlords struggling financially from the pandemic. more...
Photo by Zen Chung from Pexels
The homebuyer demand was off the charts in 2020, but which markets saw the favor of the biggest group of homebuyers? Millennials! According to a new report from mortgage site LendingTree, millennial buyers became the majority of potential homebuyers in most of the country’s largest metro areas. more...
Photo by Alex Mecl on Unsplash
When COVID-19 first hit, all plans inevitably were put on hold. As experts announced that it was safest to stay still, stay home. But months later, we’ve had to figure out how to move forward — safely. For some, that means physically moving. more...
Photo by Jorge Maya on Unsplash
California plans to extend eviction protections through the end of June while using federal money to pay off up to 80% of unpaid rent owed by tenants. Gov. Gavin Newsom and the top two legislative leaders of California state announced Monday night.
The proposal, which must be approved by the state Legislature, would extend a state law scheduled to expire next Monday that prevents landlords from evicting tenants who could not pay their rent between March and August because of the coronavirus pandemic. more...
We are proud to announce that Advent Properties, Inc has been rated #1 by Propertymanagement.com on their list of the Best Property Management in Oakland, CA. Here is what they have to say about our services:
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