OUR NEWS

Jul 18, 2019

More Than Just A Tax Break

Today’s News Synopsis: Understanding Opportunity Zones.  Mortgage rates increased this week with 30-year rates now at 3.81% and 15-year rates at 3.23%.  U.S. Median Home Prices Reach A New Peak In Q2 2019, up 10.8% from the previous quarter and 6.4% year-over-year. In The News: Inman – “Understanding the nuances of

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Jul 11, 2019

iBuyer Partnership To Expand Redfin’s Reach

Today’s News Synopsis: Opendoor partners with Redfin.  Freddie Mac reported mortgage rates remained stable with 30-year rates now at 3.75% and 15-year rates at 3.22%.  What are some of the strangest things sellers have removed from their home before moving out that was quite inconvenient to the new buyer? In The

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Jun 27, 2019

Bankrate Study Says Yes. 32% Are Due To Housing Costs

Today’s News Synopsis: Are housing costs causing Americans to lose sleep?  Mortgage rates decreased this week with 30-year rates now at 3.73% and 15-year rates at 3.16%.  Pending home sales increased last month by 1.1%. In The News: DS News – “Are Housing Costs Causing Americans to Lose Sleep?” (6-27-2019) “A new

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Jun 20, 2019

Would You Let A Buyer Spend The Night In Your House?

Today’s News Synopsis: Wanna sell your house, let buyers sleep on it.  Literally.  Mortgage rates remain stable with 30-year rates at 3.84% and 15-year rates at 3.25%.  Home prices increased 3.6% in May, the largest year-over-year increase in 7 months. In The News: Freddie Mac – “Mortgage Rates Stabilize” (6-20-2019) “Freddie

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Jun 13, 2019

Americans Higher Up In The Income Spectrum Feeling The Pinch

Today’s News Synopsis: Hey, middle class, the housing crisis is coming for you next.  Mortgage rates continue to hold steady with 30-year rates at 3.82% and 15-year rates at 3.26%.  What were the hottest real estate markets for May 2019? In The News: Freddie Mac – “Mortgage Rates Hold Steady” (6-13-2019)

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Jun 06, 2019

For Now, At Least

Today’s News Synopsis: Why are Americans holding off on remodeling their homes?  Mortgage rates decreased again, putting 15-year rates at 3.28% and 30-year rates at their lowest in two years at 3.82%.  The home-flipping rate in the U.S. was at its highest in nine years in the first quarter with

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May 30, 2019

Less Restrictive ADU Legislation=WIN For Affordable Housing

Today’s News Synopsis: Bill to Reduce Restrictions on Accessory Dwelling Units in California Gains Steam.  The National Association of Realtors reported a 1.5% decrease in pending home sales for the month of April.  Mortgage rates decreased slightly with 30-year rates now at 4.10% and 15-year rates at 3.57%. In The

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May 23, 2019

You Better Gear Up and Know Your Tools

Today’s News Synopsis: So you want to try a DIY project you saw on TV?  Mortgage rates were lower again, which actually lead to an increase in purchase demand. 30-year rates were at 4.06%, and 15-year rates were at 3.51%.  New home sales decreased in April by 6.9% to 673,000

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May 16, 2019

If It Can Start A Fire Or Flood, Let The Experts Do It

Today’s News Synopsis: Do you know when it’s time to DIY?  Despite the current trade disputes, mortgage rates remain strong with 30-year rates at 4.07% and 15-year rates at 3.53%.  SB 50 in limbo until 2020. In The News: Mortgage Bankers Association – “April New Home Purchase Mortgage Applications Increased 15.6

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May 09, 2019

Summer Vacation May Be Coming Up, But Is The Community Safe To Buy In?

Today’s News Synopsis: Is it safe to buy in a vacation community now?  Mortgage rates decreased slightly with 30-year rates now at 4.10% and 15-year rates at 3.57%.  Housing affordability remains stable year-over-year with lower home prices, decreased mortgage rates, and gains income. In The News: Jesse Gabriel – “California Assembly

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