OUR NEWS

Dec 19, 2019

Make It Cozy and Bright

Today’s News Synopsis: Want to throw a rockin holiday-themed open house?  Existing-home sales decreased 1.7% in November according to the National Association of Realtors.  Mortgage rates remained flat with 30-year rates at 3.73% and 15-year rates at 3.19%. In The News: Freddie Mac – “Mortgage Rates Remain Flat” (12-19-2019) “Freddie Mac (OTCQB: FMCC) today

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Nov 21, 2019

They Have Only Begun To Disrupt

Today’s News Synopsis: House-flipping is just the start of Zillow’s evolution.  Mortgage rates fell back this week with 30-year rates now at 3.66% and 15-year rates at 3.15%.  Existing home sales increased by 1.9% last month according to the National Association of Realtors. In The News: Freddie Mac – “Mortgage Rates

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Oct 22, 2019

Does It Really Matter?

Today’s News Synopsis: Who’s really leaving California?  The National Association of Realtors reported a 2.2% decrease in existing-home sales last month.  In order to become homeowners, millennials and Generation Z are finding themselves sacrificing more than before. In The News: Realtor.com – “How Much Will a Smart Thermostat Really Save on

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Sep 19, 2019

It’s Like The Real Estate Disruptor Dating Game Out There

Today’s News Synopsis: Zillow is partnering with builders.  The National Association of Realtors Reported existing-home sales increased by 1.3% in August.  Mortgage rates increased greatly this week with 30-year rates now at 3.73% and 15-year rates at 3.21%. In The News: Freddie Mac – “Mortgage Rates Jump” (9-19-2019) “Freddie Mac (OTCQB: FMCC)

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Aug 21, 2019

Why Are Homeowners With A Mortage Low and Mortgage Debt High?

Today’s News Synopsis: Mortgage debt is at a historical high, while the number of homeowners with a mortgage is at its lowest in 14 years.  The National Association of Realtors reported existing-home sales increased by 2.5% in July.  Mortgage applications, meanwhile, decreased 0.9% from last week. In The News: Realtor.com –

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Jul 23, 2019

The ADU Top Ten

Today’s News Synopsis: If you’re considering investing in accessory dwelling units, what are ten things you should consider?  The FHFA reported home prices increased by 0.1% in May across the country.  Meanwhile, existing-home sales were weaker, having declined 1.7% in June. In The News: BiggerPockets – “10 Things to Consider When

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May 21, 2019

OREO?

Today’s News Synopsis: Do you know what an REO is?  Rent price growth was stronger in March according to CoreLogic.  Existing-home sales decreased 0.4% last month according to the National Association of Realtors. In The News: CoreLogic – “CoreLogic Reports Strong Rent Price Growth in March as Unemployment Reaches a 50-Year

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Apr 22, 2019

So Long LA…Hello Better Rents

Today’s News Synopsis: Experts believe the biggest reason thousands moved away from LA is the rent.  HUD and the Commerce Department reported a 0.3% decrease in housing starts in March.  Existing-home sales decreased by 4.9% in March according to the National Association of Realtors. In The News: NBC Los Angeles –

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Mar 25, 2019

Where Are The Millennial Top Ten?

Today’s News Synopsis: Where are the top ten places for millennials to buy a home?  New lending rules could affect 50,000 mortgages according to the FHA.  The National Association of Realtors reported existing-home sales increased greatly by 11.8% in February. In The News: HousingWire – “FHA says as many as 50,000

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Feb 21, 2019

Traditional Closings Use 960 Million Pieces of Paper Annually

Today’s News Synopsis: How many trees would be saved with fully digital home closings?  Contrary to people’s beliefs, millennials are actually taking on bigger mortgages now than ever in years prior.  The National Association of Realtors reported a 1.2% decrease in existing-home sales in January. In The News: Redfin – “How

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