OUR NEWS

Feb 11, 2020

They’re Not Where You Think

Today’s News Synopsis: What are the most favorable markets for tech expansion?  The fourth quarter saw an 8.8% increase in new home sales, the biggest increase in over two years.  Where are the best places to live in 2020? In The News: Redfin – “New-Home Sales Surge in the Fourth Quarter

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Jan 27, 2020

Wonder What They Are Waiting For

Today’s News Synopsis: Homeowners in Amazon’s zip code didn’t want to sell in 2019.  New home sales decreased last month; but despite this, things look positive for the home-building industry.  You can now have Star Wars in your basement with a new Los Angeles luxury mansion – you would just

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Nov 26, 2019

Fannie and Freddie Stepping Up Their Game

Today’s News Synopsis: Conforming loans limits over $500K for the first time.  New home sales were strong last month, having increased 0.7% to 733,000 units.  You better get ready, because it turns out the best time to buy a home is the winter. In The News: Forbes – “The Real Estate

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Nov 14, 2019

Just To Make Rent

Today’s News Synopsis: Younger renters and parents sacrifice more…Mortgage rates increased with 30-year rates now at 3.75% and 15-year rates at 3.2%.  New home sales increased by 5.6% in the third quarter according to Redfin. In The News: Freddie Mac – “Mortgage Rates Tick Up” (11-14-2019) “Freddie Mac (OTCQB: FMCC) today released the

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Oct 24, 2019

How Will They Impact Investors and Agents?

Today’s News Synopsis: 11 Upcoming Real Estate trends.  New home sales continued to remain steady in September, having decreased only 0.7% to 701,000 units.  Freddie Mac reported mortgage rates increased this past week with 30-year rates now at 3.75% and 15-year rates at 3.18%. In The News: Freddie Mac – “Mortgage

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Sep 25, 2019

iBuyer Beware!

Today’s News Synopsis: Bernie Sanders housing plan would not be good for iBuyers.  The NAHB reported new homes sales increased by 7.1% in August, a healthy gain.  Mortgage applications, meanwhile, decreased 10.1% from last week. In The News: NAHB – “New Home Sales Post Solid Gains in August” (9-25-2019) “Sales of

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Jul 24, 2019

For Better Or For Worse

Today’s News Synopsis: When buying real estate, it might be best to expect the worst.  HUD and the Commerce Department reported new home sales bounced back in June by 7%, coming in at 646,000.  Mortgage applications decreased for the fourth week in a row, coming in at 1.9%. 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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Apr 23, 2019

Califexit? Head to Florida, Texas or Nevada

Today’s News Synopsis: Looking to save money on taxes?  New home sales increased by 4.5% in March according to the Commerce Department.  Could you have a better chance of selling your home if you held an open house? In The News: Zillow – “Inventory Growth Fueled by Softening Demand, Not More

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Mar 14, 2019

The Stone Of the Brexit Exit May Be Skipping Across The Pond To America

Today’s News Synopsis: America could be feeling the effects of Britain’s exit from the European Union.  Home prices saw their smallest year-over-year gain in seven years, having increased only 0.6% in February.  Mortgage rates decreased to 4.31% for 30-year rates and 3.76% for 15-year rates, making homebuying less expensive too.

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