California Real Estate Investing News

Market for Apartments and Condominiums Remains Stable

May 26th, 2016

Today’s News Synopsis: Freddie Mac reported that although mortgage rates did show signs of increase, this month was still their slowest since 2013.  The National Association of Realtors reported pending home sales increased by 5.1% to 116.3, their highest in ten years.  According to the latest Multifamily Production Index by

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Home Prices Increasing at Faster Rate With Shortage of New Homes

May 25th, 2016

Today’s News Synopsis: The MBA reported a 2.3% increase in mortgage purchase applications while refis continue to remain about the same.  Home prices are increasing at a faster rate due to the shortage of supply of new homes.  Nonprime loans are making a comeback since the crash, contributing to further

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Mortgage Debt Increases by $120 Billion in the Fourth Quarter

May 24th, 2016

Today’s News Synopsis: Mortgage debt increased by $120 billion in the fourth quarter to its highest in 4 years according to the Federal Reserve Bank of New York.  HUD and the U.S. Census Bureau reported new home sales increased 16.6% month-over-month, their highest since after the recession.  The survivor bill

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Texas Supreme Court Rules in Favor of Ocwen Over Lien Settlement

May 23rd, 2016

Today’s News Synopsis: The National Association of Realtors reported existing-home sales increased last month by 1.7% to 5.45 million.  A fine dealt to Bank of America totalling $1.27 billion over fraud was overturned by the United States Court of Appeals for the Second Circuit.  At the same time, the Supreme

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NAR Reported Existing-Home Sales Increased 1.7%

May 20th, 2016

Sources: NAHB Index Unchanged in May, Pointing to Steady Housing Growth Housing Starts Up 6.6 Percent in April Mortgage Applications Decrease in Latest MBA Weekly Survey Existing home sales manage to increase two months straight ‘Zombie’ foreclosures down 30% in second quarter Freddie Mac: 30-year mortgage rate about to start rising? MBA: 30-year mortgage rate predicted to

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Ralph McLaughlin of Trulia Joins Bruce Norris on the Real Estate Radio Show #487

May 20th, 2016

Ralph McLaughlin Chief Economist for Trulia (Full Bio)   Bruce Norris is joined this week by Ralph McLaughlin. Ralph is the Chief Economist for Trulia and leads their housing and economics research team. He provides house hunters with key insights about the economy as well as housing trends and public policy. His educational background

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A New Progress Report on the CFPB To Be Released

May 19th, 2016

Today’s News Synopsis:   Despite 30-year mortgage rates being at their lowest in years, this may change with the potential increase in interest rates.  A progress report on the CFPB was just provided by the University of Utah that showed a positive take on the bureau and what they had accomplished

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List of Top 25 Cities for Finding a Job Just Released

May 18th, 2016

Today’s News Synopsis:   The Mortgage Bankers Association reported a 1.6% decrease in mortgage applications from last week.  Glassdoor Inc. released a list of the top 25 cities where it might be easier finding a job.  Trump said if he were elected president, he has plans to do away with Dodd-Frank.   In

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NAHB Reported 6.6% Increase in Housing Starts for April

May 17th, 2016

Today’s News Synopsis:   The NAHB reported a 6.6% increase in housing starts for the month of April.  The commercial market is expected to improve in the coming months according to the latest US Macro Forecast by Cushman & Wakefield.  A new bill has been introduced by Rep. Tom Emmer that

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Forecasts for mortgage rates put them around 4%

May 16th, 2016

Today’s News Synopsis:   Confidence in home building remained relatively unchanged at 58 according to the NAHB.  Bank of America is finally pushing ahead with the $8.5 billion settlement with Bank of New York Mellon.  Forecasts for mortgage rates put them around 4% according to the Mortgage Bankers Association.   In The News: Housing

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