Properties that are a great opportunity for Home Sellers.
These days, there are more bidding wars for each home listed for sale. Some homebuyers offer to pay more of the closing costs. It’s important buyers and sellers budget enough for closing costs. The purchase agreement reflects the terms, conditions, and responsibilities of who is in charge of each expense. Closing Costs Definition The buyer Read more about Closing Costs[…]
The California Housing Market is cooling down. This is the best moment for homebuyers who don’t want competition when placing their offers. In California, the housing market has begun to stabilize around the medium-term levels. Economic Factors The number of continuing claims for unemployment in California dipped to an 82-week low of 461,609 last week. Read more about California Housing Market is Cooling[…]
One of the most serious economic impacts of the pandemic is foreclosure, as thousands of families could end up homeless, and rental unit owners could lose their investment. Homeowners can avoid foreclosure due to Covid with the following program. The Foreclosure Prevention & Mortgage Relief Program is a $5.5 million initiative developed by the Los Read more about Avoid Foreclosure due to Covid[…]
Today, the Federal Open Market Committee, the monetary policymaking body of the Federal Reserve System, decided to maintain the target range for the federal funds rate between 0 to 1/4 percent. The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to Read more about Fed Expects Interest Rates near Zero through 2022[…]
CoreLogic projects that Southern California house prices will continue rising. Instead, local home prices are forecast to rise 3% in Los Angeles County, 5% in Orange County, and 6% in the Inland Empire, by April 2021. CoreLogic projects U.S. home prices will drop 1.3% year over year by April 2021 in 41 states in the Read more about SoCal Home Prices will continue rising[…]
When buying a home, several factors must be considered. In addition to the number of beds, baths, areas and needs of our children, home buyers today try to better meet the needs of their pets. In a recent NAR report, we found that 63% of American households currently have a pet and an additional 3% Read more about How our pets influence our housing decisions[…]
Freddie Mac reported today Thursday, March 5th The average 30-year fixed-rate mortgage hit a record 3.29% this week, the lowest level in its nearly 50-year history. Meanwhile, mortgage applications increased 10% last week from one year ago and show no signs of slowing down. Given these strong indicators in rates and sales, as well as Read more about Mortgage Rates Hit All-time Low[…]
Mortgage rates point today a new historic low today February 24, 2020. The stock market melts down due to fears the coronavirus is spreading, as new cases crop up in Italy and Iran. The virus has reached over 80,000 patients in the world today, the majority in China, but the concern is that nobody can’t Read more about Mortgage rates in a historic low[…]
Jeff Bezos, the Amazon leader, reached a deal with David Geffen for the purchase of the Warner Estate in Beverly Hills. The deal set a new price record for a property in California. The home is considered one of the premier mansions built during Hollywood’s golden era. The property Jack Warner, the founder brother of the Read more about Jeff Bezos sets a new record in Los Angeles real estate[…]
Recent research published by Paul Goldsmith-Pinkham and Kelly Shue from Yale University discovered a Gender Gap between Men and Women buying and selling houses. Researchers used detailed data from CoreLogic covering over 50 million housing transactions and matched property listings across the US from 1991 to 2017. The gender gap in housing returns exists in Read more about Real Estate Investing shows a Gender Gap[…]