Today’s News Synopsis: What are the best features of old houses? HUD and the Commerce Department reported single-family housing starts increased 3.2% last month. Although renting has been a big thing over the last decade, more older, wealthier, and suburban people are starting to do it. In The News: Realtor.com –
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
Today’s News Synopsis: Taxed to the hilt, more homebuyers are migrating to Florida. Spending on construction decreased by 0.8% in May, the first time in six months to see a decrease. With the increase in iBuyers, it is important to hear what they have to say. In The News: HousingWire –
Today’s News Synopsis: Help is on the way in certain cities and states where rents are exceedingly high – but which ones? The Mortgage Bankers Association reported a 1.5% increase in mortgage applications from last week. The government is pushing for a bill called the Affordable Housing Credit Improvement Act
Today’s News Synopsis: What is the best and worst state for U.S. taxpayers? Mortgage rates increased slightly with 30-year rates now at 4.12% and 15-year rates at 3.6%. Foreclosure activity decreased 15% in the first quarter of 2019 to it’s lowest level in over a decade. In The News: MarketWatch –
Today’s News Synopsis: Rundown hotels are becoming affordable apartments. Mortgage rates decreased slightly with 30-year rates now at 4.75% adn 15-year rates at 4.21%. What unique experience happened with Phoenix real estate agent Andy Gregg that involved his smart technology. In The News: Freddie Mac – “Mortgage Rates Pull Back” (12-20-2018)
Today’s News Synopsis: Home Sharing vs Airbnb? The latest Mortgage Applications Survey from the MBA showed mortgage applications decreased 7.1% from last week. More and more people are choosing to rent as they are finding it more affordable. In The News: NAHB – “Multifamily Decline Pushes Overall Housing Starts Down in
Today’s News Synopsis: Marriage delays mean buying homes later in life. The National Association of Realtors reported existing home sales remined about the same after seeing a four-month decline. For the first time in six year, rents remained the same year-over-year. In The News: Redfin – “More than One in Four
Today’s News Synopsis: Case-Shiller reported a 5% increase in home prices, their sixth month in a row to see a price increase at this percentage. A new report by Freddie Mac shows more and more baby boomers are now wanting to rent as opposed to owning a home. Predictions on
Today’s News Synopsis: The nation has seen declines in inventory across the nation, while at the same time home prices are on the rise. According to a recent Fannie Mae survey, the increase in mortgage rates could lead to an increase in demand for homes. The number of people renting
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Phone: (951) 780-5856
Fax: (951) 780-9827
Location: 1845 Chicago Avenue, Ste. C Riverside, CA 92507
