Matthew Eby, head of the First Street Foundation, wants to help homeowners protect themselves as climate change poses hazards to coastal properties.
And getting a mortgage is harder, too.
Los Angeles has one of the country’s most expensive housing markets, leading buyers to band together with others to split the cost of a property. This developing trend helps to cut prices for some, but also has a downside.
It’s getting more expensive to get a mortgage. Data out this week from Freddie Mac shows the average 30-year fixed-rate mortgage is 4.9 percent. That’s the highest it’s been in seven years. What does that mean for prospective home buyers?