California Real Estate Headline Roundup

Mel Watt supportive of 3% Down Mortgage Payments

January 28th, 2015

    Today’s News Synopsis: In an update from Mel Watt’s meeting before the Congress yesterday, he is in support of 3% down mortgage payments as well as increase access to credit.  The Mortgage Bankers Association reported mortgage applications decreased 3.2% from last week.  More and more homeowners are choosing to live

Read More »

Four Big Banks to Pay Massachusetts $2.7 Million for Improper Foreclosures

January 27th, 2015

    Today’s News Synopsis: HUD and U.S. Census Bureau reported sales of new homes increased 11.6% last month and now stand at 481,000.  Twenty cities in the U.S. showed signs of increase for home prices by 4.3% in November.  Four big banks, JP Morgan Chase, Bank of America, Wells Fargo Bank

Read More »

Pending Home Sales in California Increase for First Time in Two Years

January 26th, 2015

    Today’s News Synopsis: Existing home sales were low this month compared to January, although they are expected to be up from last year.  At the same time, pending home sales increased 2.6%, having increased for the first time in two years.  Mel Watt, director of FHFA will be speaking before

Read More »

$140 Million of Delinquent Home Loans Being Sold By Freddie Mac

January 23rd, 2015

          Sources: Builder Confidence Holds Steady in January Mortgage Applications Increase in Latest MBA Weekly Survey Housing starts up but permits post lowest growth since mid-2011 Freddie Mac: Mortgage rates fall to new lows Home Prices Beat Estimates With 0.8% Gain in November Obama State of the Union to touch on housing, focus on tax hikes Freddie Mac:

Read More »

Harry Dent Joins Bruce Norris on the Real Estate Radio Show #418

January 23rd, 2015

    Author and Economist (Full Bio) Bruce Norris is joined again this week by Harry Dent. Harry is the founder of Dent Research and Economic Forecasting Firm. They specialize in demographic trends, and his mission is to help people understand change using new research developed from years of hand-on business experience. Mr. Dent

Read More »

Supreme Court Hears Both Sides of Argument For and Against Disparate Impact Rule

January 22nd, 2015

    Today’s News Synopsis: Mortgage rates decreased again to decreased again to lows not seen before with 30-year rates now at 3.63% and 15-year rates at 2.93%.  Home prices saw a 0.8% gain in November, exceeding expectations.  The Supreme Court has heard both sides of the argument for and against the

Read More »

Housing Starts Exceed Expectations for Fourth Straight Month

January 21st, 2015

    Today’s News Synopsis: The Mortgage Bankers Association reported an increase in mortgage applications by 14.2%.  Housing starts increased 4.5% month-over-month and exceeded expectations for the fourth straight month.  Demand for multifamily homes is expected to stay strong this year with the increase in demand according to the latest NAHB report. In

Read More »

Housing to Be Main Focus in Next State of the Union Address

January 20th, 2015

    Today’s News Synopsis: The NAHB reported builder confidence decreased by one point and now stands at 57.  Obama’s next State of the Union Address is expected to focus on issues regarding housing, including increases in taxes.  Freddie Mac said they expect housing to see a brief increase in 2015, although

Read More »

Harry Dent Joins Bruce Norris on the Real Estate Radio Show #417

January 16th, 2015

    Author and Economist (Full Bio) Bruce Norris is joined this week by Harry Dent. Harry is the found of Dent Research and Economic Forecasting Firm. They specialize in demographic trends, and his mission is to help people understand change using years of hand-on business experience. Mr. Dent offers unprecedented and refreshingly understandable

Read More »

American Bankers Association Expects to See Economic Growth in Coming Year

January 16th, 2015

          Sources: Home sales perk up in Southern California as price gains slow Remodelers Optimistic About Market Improvement California seeking to suspend Ocwen Financial’s mortgage license Average rate on 30-year mortgage falls to 3.66% Castro: It’s Time to ‘Remove Stigma’ Promoting Homeownership Here’s how falling oil prices could hit the mortgage industry Affordable homes lag behind in home

Read More »