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Selling avocados requires understanding market conditions, pressures from imported avocado volume, current inventory levels and consumer demands. The market statistics provided here are collected from AMRIC, USDA databases, and cooperative data sharing between avocado suppliers.
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In last night's State of the Union address, President Biden outlined several homeownership and rental initiatives.
"I know the cost of housing is so important to you," he said. "If inflation keeps coming down, mortgage rates will keep coming down as well. But I'm not waiting."
He said he wants to provide an annual tax credit that will give Americans $400 a month for the next two years as mortgage rates come down to put toward their mortgage when they buy a first home or trade up for more space.
The president also addressed issues related to mortgage refinances by eliminating title insurance fees for federally backed mortgages, potentially saving homeowners $1,000 or more when they refinance. He proposed cracking down on big landlords who break antitrust laws by price-fixing and driving rents.
President Biden said he cut red tape so more builders can get federal financing, which is already helping build a record 1.7 million housing units nationwide. He ask...
THE ASSUMPTIONS AND METHODOLOGY USED TO CALCULATE C.A.R.'S HOUSING AFFORDABILITY INDEX FOR FIRST TIME BUYERS (HAI-FTB)
Step 1. MEDIAN PRICE: C.A.R.'s housing affordability index is based on the median price of existing single-family homes sold from C.A.R.'s monthly existing home sales survey. Starting in 1987, this survey is based on reports of closed escrow sales from 80 Boards or more of REALTORS ® and multiple listing services around the state. Prior to 1987, the survey was based on reports from 45 Boards. A FIRST-TIME BUYER is assumed to purchase a home at a price equal to 85 percent of the prevailing median price for existing homes.
Step 2. DOWNPAYMENT: A FIRST-TIME BUYER is assumed to make a 10 percent downpayment. Therefore, the loan amount needed to purchase a home would be 90 percent of the median home sales price.
Step 3. INTEREST RATE: A FIRST-TIME BUYER is assume...