OUR NEWS

Sep 10, 2019

From Order To Built In 2 Weeks!

Today’s News Synopsis: Abodu becomes San Jose’s first pre-approved ADU builder.  Home prices are going down after having seen increases for a long time, but that may not necessarily be a good thing.  Experts expect to see a shortage in housing construction until at least 2022. In The News: MarketWatch –

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Jun 11, 2019

But Barn Doors Are So Cool!

Today’s News Synopsis: Home trends you may regret in 20 years.  The amount of mortgage credit available increased last month according to the Mortgage Bankers Association.  Foreclosures saw their lowest rate in 20 years in March according to CoreLogic. In The News: Mortgage Bankers Association – “Mortgage Credit Availability Increased in

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May 17, 2018

What Are You Doing With The Boost?

Today’s News Synopsis: Tax cut will inject 40B into the housing market.  Mortgage rates increased again, which is leading to a bigger hustle to buy a home.  The state with the highest share of homeowners likely to move in the second quarter of this year is Nevada. In The News:

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Dec 12, 2017

Not Enough Homes For Sale

Today’s News Synopsis: Who is to blame for the housing shortage?  Mortgage delinquency rates were at their lowest in more than ten years last month according to CoreLogic, having decreased 0.2% year-over-year.  Debt on commercial and multi-family properties increased by 1.5% ($45.4 billion) to $3.1 trillion in the third quarter.

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Jun 01, 2017

Shades of Blue and Gray Shown to Be the Best Colors To Add Value to your Home

Today’s News Synopsis: Zillow discovered the wall color that seems to help homes sell the most is blue to light gray.  Freddie Mac released their latest report on mortgage rates, showing a decrease this week with 30-year rates now at 3.94% and 15-year rates at 3.19%.  Median home sizes for

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Mar 09, 2017

CoreLogic Reports Borrowers Who Received Equity Back Last Year was 1 Million

Today’s News Synopsis: The latest report from ATTOM Data Solutions showed a 3% increase in home fliping last year, putting it at its highest in ten years.  Mortgage rates are also at their highest this year with 30-year rates at 4.21% and 15-year rates at 3.42%.  CoreLogic reported the number

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Jan 05, 2017

Buying More Affordable Than Renting in 66% of U.S. Markets

Today’s News Synopsis: The latest report from ATTOM Data Solutions shows 66% of markets in the U.S. believe it is more affordable to buy than to rent.  The Mortgage Bankers Association reported a 0.6% increase in mortgage credit availability last month.  Lending on commercial and multifamily properties is expected to

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Jul 06, 2016

More Foreign Investors Leaving Real Estate Market

Today’s News Synopsis: In the wake of Brexit, refinance applications increased 14.2% from last week, their highest increase in 18 months.  A new, more up-to-date forecast of the commercial/multfiamily real estate market was released by the MBA, putting them both at about $500 billion this year.  More foreign investors are

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Apr 28, 2016

Increase in Interest Rates Frozen by the FOMC

Today’s News Synopsis:   Increases in interest rates were frozen once again by the Federal Open Market Committee.  The Mortgage Bankers Association released their first survey of 2016 for Commercial/Multifamily Originations, showing them to be 38% lower this quarter than the previous quarter of 2015.  Pending home sales increased 1.5% to

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Apr 11, 2016

Wells Fargo Required to Pay $1.2 Billion In the Largest Settlement in FHA History

Today’s News Synopsis:   Wells Fargo is required to pay $1.2 billion, the largest settlement in the history of the FHA, to cover the costs of bad loans that went undisclosed.  Another bank, Goldman Sachs, is also required to pay to cover the cost of toxic mortgage bonds in a

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