Today’s News Synopsis: Flippers in OC and LA Counties averaged 135K in profit in 2017. CoreLogic reported a $908 billion increase in homeowner equity last year. Mortgage rates decreased for the first time this year according to Freddie Mac with 30-year rates now at 4.44% and 15-year rates at 3.9%. In The News: CoreLogic – “CoreLogic …
Today’s News Synopsis: U.S. Homes worth a cumulative $31.8 Trillion! CoreLogic reported home sale prices increased 7% last November, and they expect to see prices increase drastically this year. You may be surprised to see what states people are moving to and where they are leaving. In The News: National Association of Realtors – “Pending Home …
Today’s News Synopsis: What is the best way to get real estate riches? Rentals? Flips? REITS? Crowdfunding? Good Old Home Appreciation? Home buyer and seller sentiment increased despite existing-home sales showing a decline. Black Knight Financial Services Home Price Index shows prices increased 0.3% in July and 6.2% month-over-month. In The News: National Association of …
Rentals? Flips? REITS? Crowdfunding? Good Old Home Appreciation? Read More »
Today’s News Synopsis: Both the National Multifamily Housing Council and the National Apartment Association released their latest data showing where it is too expensive to build new homes despite the need for more new properties. More renters are continuing to rent simply because they are afraid to buy due to increasing home prices. The most expensive …
Renters Continue to Rent Out of Fear To Buy Because of Increasing Home Prices Read More »
Today’s News Synopsis: Realtor.com released their list of the top ten places where millennials are choosing to live. The National Association of Realtors, Commerce Department, and University of Michigan released four different charts showing why housing inventory seems to be an issue, the charts which cover prices, income growth, sales and construction, and when is …
Realtor.com Releases List of Top Places Where Millennials Choose to Live Read More »
Sources: CoreLogic Reports 30,000 Completed Foreclosures in October 2016 November New Home Purchase Mortgage Applications Increase 12 Percent Year over Year Fannie Mae Announces Eviction Moratorium for the Holidays Freddie Mac Announces Holiday Eviction Moratorium Dec. 19, 2016 to Jan. 3, 2017 Mortgage Rates Move Higher Homebuilder sentiment spikes 7 points, Trump has them feeling …
Housing Starts Decrease 18.7% With the Decrease in Multifamily Properties Read More »
Today’s News Synopsis: Freddie Mac reported mortgage rates increased this week with 30-year rates now at 3.5% and 15-year rates at 2.77%. ATTOM Data Solutions released their latest data for flipped homes, which showed they increased 14% from last quarter and 3% from last year to their highest in six years. HOPE Now reported an …
Home Flipping Increases To Its Highest In 6 Years According to ATTOM Data Solutions Read More »
Today’s News Synopsis: The Mortgage Bankers Association reported a 3.3% decrease in mortgage applications from last week. This was a big day for new bills. The FHA established the HAWK program in order to help those with FHA loans save money. The Senate passed the Tax Increase Prevention Act of 2014 that will extend …
Senate Passes Tax Increase Prevention Act of 2014 Read More »