Home owners buy their second or third homes for a variety of reasons. They may be trading up to get more space and amenities; they may be downsizing, because they don't need as much space and want to cut expenses; they may want to relocate to get closer to their place of employment or their children, or to enjoy a more attractive climate.
Boarded-up windows in the wake of street demonstrations have become a familiar sight in downtown Oakland, but business and civic leaders can tout a new set of images to define the city's urban heart: a growing crop of tech company offices, crowds for lunch and an emerging art and dining hub.
It was at a similar moment more than three decades ago - with a new mayor just settling into City Hall - that a grand plan was devised for reanimating the decaying corpse of the city's once bustling downtown. A river of redevelopment money that would swell to nearly $2 billion flooded into projects that would be pillars of a glittering new downtown.
Q: I've read recently that it's getting harder to find rentals. I'm thinking about buying a home after our lease expires. I already have seen all the advice online about cleaning up my credit and saving up for a down payment. Do you have any other words of wisdom about finding a home?
Home prices climbed 4.6 percent nationwide in the 12 months ending in December, down slightly from the previous month and the slowest pace since 2011, according to the Case-Shiller Home Prices Indices. Its measure of 20 major cities was up 4.3 percent, also the slowest rate since 2011.
Mortgage rates edged higher for a second week, with Freddie Mac's weekly survey showing that lenders were offering conventional 30-year loans at an average 3.76 percent, up from 3.69 percent last week.
Recently, I have been getting a lot of mail from mortgage borrowers asking about amortization. Most are considering whether to pay down their loan balance more rapidly and have suddenly realized that they don't know how best to do that, or even whether it is a good idea because they never fully grasped how mortgage amortization works.
Airbnb and similar "home sharing" websites have exploded in popularity in LA, overwhelming city regulators who are struggling to collect tourist taxes and enforce long-standing restrictions on rentals.
After Charles Lindbergh flew across the Atlantic in 1927, thousands gathered on Broadway to give the famed aviator a ticker tape parade. A similar throng hailed John F. Kennedy for during the presidential campaign of 1960. For most of the 20th century, Broadway was Los Angeles' cultural center.
Bay Area home sales posted their slowest performance in seven years last month, while the lack of housing supply helped push prices up 9 percent from a year earlier, according to a report from CoreLogic DataQuick.
Northern San Joaquin Valley home values made remarkable gains in 2013, with home sale prices soaring by more than 20 percent in most cities. Denair led the pack, skyrocketing 48.3 percent, while median-priced homes in Patterson posted 40 percent gains, according to just-released annual statistics from DataQuick.