Dec 12, 2019

Almost 50% More Than Last Decade

Today’s News Synopsis: Renters spent 4.5 Trillion on housing this decade.  Mortgage rates increased this week with 30-year rates now at 3.73% and 15-year rates at 3.19%.  Home-flipping activity decreased with 56,566 single-family homes and condos flipped in the third quarter, down 12.9% from the previous quarter and 6.8% year-over-year.

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Nov 19, 2019

Can You Guess Which One Is King?

Today’s News Synopsis: Best bidding-war strategies.  Housing starts continued to increase in October, having gone up 3.8% to 1.31 million units.  You may be spending more to rent a single-family home. In The News: Redfin – “All-Cash Offers Triple Homebuyer Odds of Winning a Bidding War” (11-19-2019) “When it comes to

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Aug 15, 2019

What’s On Your Color Palette For 2020?

Today’s News Synopsis: What are the top colors for your home for 2020 and beyond?  Mortgage rates are at their lowest on record with 30-year rates at 3.6% and 15-year rates at 3.07%.  Home prices increased 3% in July with the 3% drop in supply. In The News: Mortgage Bankers

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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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Aug 09, 2018

Equities, Housing, Treasury Bills or Bonds?

Today’s News Synopsis: What’s the best investment over the last 150 years?  In the second quarter of 2018, 1 in 10 properties was seriously underwater.  Mortgage rates decreased only slightly with 30-year rates now at 4.59% and 15-year at 4.05%. In The News: Zillow – “The U.S. Will Gain 23 New

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Apr 12, 2018

500 Credit Scores? Foreclosure? Late Payments? It’s Cool, They’re Going To “Properly Underwrite Them”???

Today’s News Synopsis: Don’t call them subprime mortgages.  ATTOM Data Solutions reported a 19% decrease in foreclosure activity in the first quarter of this year.  New home purchase applications decreased 2.6% year-over-year according to the Mortgage Bankers Association. In The News: ATTOM Data Solutions – “U.S. Foreclosure Activity Decreases 19

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Jan 11, 2018

25 Solutions From A Builder’s Perspective

Today’s News Synopsis: Is the California Housing Crisis fixable?  The amount of homes sold that were above the asking price was almost 25%.  According to the latest Primary Mortgage Market Survey from Freddie Mac, mortgage rates increased again with 30-year rates now at  3.99% and 15-year rates at 3.44%. In

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Jul 17, 2017

Realtor.com’s Latest List Shows the Best and Worst Places For First-Time Buyers to Purchase

Today’s News Synopsis: Big day for homes.  The latest home sales and price report from the California Association of Realtors showed existing home sales increased 3.3% month-over-month and 2.4% year-over-year in June.  Meanwhile, the median price was up 0.9% month-over-month and 7% year-over-year.  The Mortgage Bankers Association reported a 10%

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