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As Climate Change Threatens More Homes, Some Properties Are Getting Too Costly to Insure
As climate change threatens the U.S. with more natural disasters, it’s becoming increasingly costly for Americans to insure their homes, experts say.
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Rents Are Climbing as Tenants Return to Cities
Landlords are raising rents across the U.S., and prices are up significantly in cities like New York and Los Angeles. Some tenants are staying in one place longer and avoiding upgrades, while others are moving to downsize, according to Jeff Tucker, senior economist at Zillow, who joins LX News.
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Millions of Dollars in Mortgage Relief Available for Homeowners
NBC 7’s Claudia Simones looks at how homeowners can get up to $80,000 in mortgage relief or up to $20,000 in property tax relief.
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Millions of Dollars in Mortgage Relief Available for Homeowners
Homeowners struggling to pay their mortgage during the pandemic can get some help from the state with the California Mortgage Relief Program.
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Southern California-Based Companies Ranked in Fortune's Best Companies to Work For in 2022
Tustin-based New American Funding was ranked the 18th best place to work in the U.S. by Fortune Magazine and their 2022 list of the 100 Best Companies to Work For.
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Houses Are Selling Quicker in Most-Vaccinated Cities
The COVID-19 vaccine has helped homes sell faster in some areas, a new study from Zillow shows. Cities with high vaccination rates are having more open houses and in-person contact that helps speed up the process. And the speed of home sales has led to a decline in rental vacancies, as people who can’t find a home to own look...
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Tax Collector Sending Bills for $111 Million in Defaulted Property Taxes
San Diego County Treasurer-Tax Collector Dan McAllister announced Monday his office will begin mailing defaulted tax bills to property owners who have prior year unpaid property taxes.
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Washington State Man Breaks Into Home, Starts Laundry, Makes Snack
A burglar in Washington broke into a home and proceeded to make himself comfortable before waking the homeowners.
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Privacy Advocates Are Sounding the Alarm About Cloud-Based Doorbells
Anyone who owns an Amazon Ring doorbell provides consent for the device to record anyone who comes to the door – footage that could also capture neighbors’ property. And clips from Amazon’s Ring doorbells can be sent to law enforcement, an element of surveillance that causes concern for PhD candidate Lauren Bridges at the University of Pennsylvania.
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Homes in Black Neighborhoods Are Routinely Undervalued by Appraisers, Studies Show
Carlette Duffy was trying to sell her home in Indianapolis, Indiana but was getting unsatisfying values at two appraisals. Then she removed photos from the property and had a white friend stand in for a third – and the value shot up. Andre Perry from the Brookings Institution explains the history of discrimination in housing and his research showing that...
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Proposition 19 Benefit, Approved in November Election, Goes Into Effect April 1
Starting Thursday, California homeowners who are over the age of 55 or are disabled or victims of a natural disaster can transfer their previous property-tax base when they sell their home and purchase a more expensive one.
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Mortgage Debt Reached an All-Time High: Here's What to Know If You're a First-Time Home Buyer
Americans mortgage debt climbed to a record high of nearly $10 trillion during the pandemic, according to the Federal Reserve Bank of New York. To help explain, NBCLX talked to the chief economist of the Association of Realtors, Lawrence Yun, and Danielle Hale, the chief economist at Realtors.com, who shared advice for first-time home-buyers.
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Is Now the Time to Refinance?
In an emergency move, the Federal Reserve cut its benchmark rate by half a percent, the biggest cut since 2008. That rate cut could mean lower rates for millions of new homeowners and those looking to refinance their homes. The Fed lowered the rate because of concerns over the coronavirus and its possible impacts on the economy.
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California Bill Targets Tax Breaks for Wealthy Homeowners
California would raise taxes on some homeowners and use the money to pay for homeless services under a bill proposed Thursday by a state lawmaker.
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Neighbors Band Together to Fight Development on Carmel Mountain Ranch Country Club
A group of neighbors is taking a proactive approach to make sure development doesn’t happen in their backyard.
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Flooding Shuts Down Streets in Coronado
The city still doesn’t know what caused the main break that flooded parts of Coronado. NBC 7’s Dave Summers is there with more information.
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San Diego Cracks Down on Home Security False Alarms
If you own a home security system in the city of San Diego, you’ll no longer get a freebie visit from police if the alarm activates and it turns out to be a false alarm, according to a new rule.
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IRS Cautions Taxpayers Prepaying Property Taxes
The U.S. Internal Revenue Service issued a notice Wednesday warning homeowners who are rushing to prepay their 2018 property taxes that their payment may not be tax deductible, NBC News reported. A law signed by President Donald Trump, which goes into effect next year, will impose a $10,000 combined limit on the deduction of state and local income property taxes....
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New Transmission Line Project in Scripps Ranch Causes Anger Among Neighbors
A new transmission line project by San Diego Gas & Electric is creating what neighbors call quite the eyesore to people who never expected to see a giant metal pole added to their neighborhood.
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South Texas Coastal Cities Prepare for Hurricane Harvey
Corpus Christi is near the projected landfall for Hurricane Harvey, and officials there have ordered voluntary evacuations. In several nearby communities the evacuation orders are now mandatory. NBC 5’s Kris Gutierrez reports from the impact zone.