Interest Rates Have Gone Up, Now What? By Mercedes Shaffer

During the pandemic interest rates were at an all-time low with many property owners locking in a 30-year fixed-rate mortgages at a 2 – 2.5% interest rate. Exceptionally low interest rates combined with historically low inventory contributed to the real estate market in California appreciating at an average rate of 20% year-over-year. The housing market…

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SB 1157 Would Fine You For Your Tenants Over Usage By Brian Wallace, SPOSF/SPOSFI Board Member

State lawmakers are moving forward with a bill that will mandate indoor residential water conservation. The Senate recently voted 28–9 on SB 1157 to lower indoor water usage as follows: Effective January 1, 2025 and until January 1, 2030, the standard for indoor residential water use will be 47 gallons per capita daily. Effective January…

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