OUR NEWS

Nov 21, 2019

They Have Only Begun To Disrupt

Today’s News Synopsis: House-flipping is just the start of Zillow’s evolution.  Mortgage rates fell back this week with 30-year rates now at 3.66% and 15-year rates at 3.15%.  Existing home sales increased by 1.9% last month according to the National Association of Realtors. In The News: Freddie Mac – “Mortgage Rates

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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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Nov 18, 2019

Good News, Homeowners Insurance Will Cover That Damage!

Today’s News Synopsis: So you’re going to do that renovation yourself.  Where are the most expensive zip codes in the U.S?  The NAHB reported builder confidence continues to remain strong this month, having only decreased by one point to 70. In The News: Redfin – “If There’s a Recession, Will the

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Nov 15, 2019

The Gross 20% Flipper Tax in NY #477

 Real Estate News Recap: Mortgage Credit Availability Increased in October Mortgage Applications Increase in Latest MBA Weekly Survey U.S. Foreclosure Activity in October 2019 Climbs Upward from Previous Month New-Home Sales Up 5.6% in the Third Quarter Mortgage Rates Tick Up Top 10 Housing Markets with Highest Share of

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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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Nov 13, 2019

Almost 4,000 SJSU Students Have Experienced Homelessness

Today’s News Synopsis: Airbnb to house homeless students at SJSU.  The Mortgage Bankers Association reported a 9.6% increase in mortgage applications from last week.  A year after coming to Virginia, what effect has Amazon’s 2 headquarters had on home prices in Virginia? In The News: Redfin – “National Bidding War Rate

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Nov 12, 2019

Boomers Upsizing in Retirement

Today’s News Synopsis: Forget aging in place.  Which housing markets have the highest share of seriously underwater properties?  The amount of mortgage credit availability increased in October by 0.9% to 185.1. In The News: ATTOM Data Solutions – “Top 10 Housing Markets with Highest Share of Properties Seriously Underwater” (11-12-2019)

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Nov 08, 2019

More Americans Say Now Is A Bad Time To Buy A Home #476

 Real Estate News Recap: Black Knight: Annual home price appreciation climbs to a 6-month high Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage Rates Fall Back More Americans say now is a bad time to buy a home Our Money Pit of a House Is Hurting Our Marriage

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Nov 07, 2019

What Will Be Their Social Impact On California’s Housing Market?

Today’s News Synopsis: Opportunity Zones!  Mortgage rates decreased this week with 30-year rates now at 3.69% and 15-year rates at 3.13%.  Where are the 20 hottest real estate markets? In The News: Realtor.com – “The 20 Hottest Markets in Real Estate, October 2019: Why Ohio?” (11-7-2019) “Ohio may be considered flyover

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Nov 06, 2019

Make Sure You Weigh The Pros and Cons

Today’s News Synopsis: Thinking about renting out your spare room?  The Mortgage Bankers Association reported mortgage applications decreased 0.1% from last week.  Co-living is becoming the way to live now, but only because people have to in order to afford to live. In The News: Realtor.com – “7 Home Maintenance Projects

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