OUR NEWS

May 14, 2019

A Color By Any Other Name…Actually Could Make A Big Difference

Today’s News Synopsis: When choosing a paint hue for your walls, it’s not just the color that matters, but the name of the color too.  The Mortgage Bankers Association reported a 12% increase in commercial/multifamily originations in the first quarter.  More and more teachers are having a hard time owning

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Apr 09, 2019

Here’s A Hint: It’s Not San Francisco

Today’s News Synopsis: Who has the most affordable houses?  Luxury homes are adding new features to cater to the children who live in them, including robot classes and walls made of Legos.  In 2019, sellers spent $21,000 on average to sell their home. In The News: Redfin – “In Atlanta, Nearly

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Feb 28, 2019

You Got A Perfect Score!

Today’s News Synopsis: What can you do to get a perfect 850 credit score?  Mortgage rates remained roughly the same with 30-year rates at 4.35% and 15-year rates at 3.77%.  With all the discounts and deals for renters, are all of them really what they say they are? In The

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Oct 10, 2017

Parents Refi to Help Child Win Bidding War On New House

Today’s News Synopsis: How far would you go to help your kids get a house?  Moody’s Investor Services found a larger percentage of household incomes is going toward paying off debts.  Serious delinquency rates remained roughly unchanged at 4.6% according to CoreLogic. In The News: Bloomberg – “American Households Spend Bigger

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May 16, 2017

Construction on Multifamily Properties Decreased 2.6% Last Month

Today’s News Synopsis: Construction on multifamily properties decreased 2.6% last month according to HUD and the Commerce Department.  Mortgage delinquency rates decreased to 4.71% at the end of the first quarter of 2017 according to the Mortgage Bankers Association.  Fannie Mae released their latest Economic and Housing Outlook, showing they

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Jan 09, 2017

Fannie Mae Reports Decrease in Housing Sentiment by 0.5 Points

Today’s News Synopsis: According to the latest Home Purchase Sentiment Index from Fannie Mae, housing sentiment saw a decrease for the fifth month in a row, dropping 0.5 points to 80.7.  The latest Mortgage Monitor report released today by Black Knight Financial Services showed the delinquency rate is not decreasing

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Aug 11, 2016

East Coast Seeing Improvements in Real Estate 4 Years After Hurricane Sandy

Today’s News Synopsis: The estate coast is finally seeing improvements in the real estate market four years after being struck by Hurricane Sandy.  The second quarter saw a decrease in housing affordability with the increase in home prices.  ATTOM Data Solutions released their latest report showing a total of 6.7

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Oct 23, 2015

Increase in Applications in Preparation for TRID Amounted to Nothing

    Sources: Southern California home prices inch down in September Builder Confidence Rises Three Points in October Treasuries Decline as New-Home Construction Climbs in September Mortgage Default Rates Decline, Driving Consumer Credit Default Index Down Number of Seriously Underwater Properties Drops 525,000 in Q3 2015 From Previous Quarter, Down

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Sep 29, 2015

Cash Sales of Homes Decrease to 31.3% According to CoreLogic

  Today’s News Synopsis:   According to the latest S&P/Case-Shiller Index, home prices increased 5% year-over-year in July in 20 cities across the country.  At the same time, cash sales decreased to 31.3% from 33.9% year-over-year in June according to CoreLogic.  Realtor.com reported now is a better time than ever

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Aug 17, 2015

Builder Confidence Up, But Affordability Down With Rising Construction Costs

  Today’s News Synopsis:   The NAHB reported a one point increase in builder confidence, placing it now at 61.  However, the NAHB also reported fewer people are able to afford housing now with the increase in both home and construction prices.  With the TRID deadline approaching, the CFPB just

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Fax: (951) 780-9827

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