Today’s News Synopsis: What are the top 10 up-and-coming cities to buy rental property? A major California bill that could have resulted in more affordable housing was rejected in its first committee hearing. The Mortgage Bankers Association reported a 4.9% increase in mortgage applications from last week. In The News:
Today’s News Synopsis: Why is adulting getting harder? The National Association of Realtors reported a 3% increase in existing-home sales in February. Interest rates were raised once again by the Federal Reserve, and more hikes could be on the way by 2020. In The News: National Association of Realtors – “Existing-Home
Today’s News Synopsis: Dorm living for professionals. The Mortgage Bankers Association reported the amount of mortgage credit available was lower in February, having decreased 1.2% to 180.7. Meanwhile, home flipping increased to its highest in 11 years as over 200,000 homes were flipped for the second year in a row.
Today’s News Synopsis: Blockchain to disrupt Real Estate in 2018. After thirteen years of increase, the rental population decreased for the first time as rent prices continue to increase drastically. Which mortgage rules could be seeing a change that borrowers need to be aware of? In The News: Freddie Mac – “STACR
Today’s News Synopsis: It’s Zestimate not Exactimate. The latest home price report from CoreLogic showed home prices increased 7% year-over-year in October and are projected to increase 4.2% by next October. Even Zillow increased their expectations for home price growth in 2018. In The News: Freddie Mac – “Freddie Mac December
Today’s News Synopsis: What are Realtor.com’s game-changing real estate trends for 2018? The National Association of Realtors reported pending home sales increased 3.5% last month, although they are still lower than last year’s levels. With more people renting and less being able to afford, renters are finding themselves spending on
Today’s News Synopsis: Millennials; More than just avocado toast and sandwiches says Home Depot. In a breaking news story, Richard Cordray resigned as director of the CFPB. Zillow expects to see suburban sprawl in 2018 as inventory continues to decline with more homeowners looking to remodel their homes rather than
Today’s News Synopsis: Real Estate industry is weighing in on proposed tax changes. Housing affordability is at its lowest in ten years according to the California Association of Realtors, down to 28% from the second quarter and 31% in the third quarter of 2016. Home prices on metropolitan homes increased
Today’s News Synopsis: Amazon wants to let themselves in, with your permission of course. New home sales increased 18.9% in September while pending sales decreased for the third straight month by 6%. More and more people are choosing to rent as they are finding it more affordable. In The News:
Today’s News Synopsis: Is mandatory solar on its way? The National Association of Realtors reported pending homes sales decreased 0.8% in July, their fourth time in five months to decrease. Freddie Mac reported another decrease in mortgage rates with 30-year rates now at 3.82% and 15-year rates 3.12%. In The
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Phone: (951) 780-5856
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