Beyond the Headlines Nov 2nd
House Republican tax reform plan will slash mortgage deduction, READ MORE HERE; Homeownership benefits children and families in several ways; San Diego home prices outpace nation; interest rates to hold; more at link . . .
Beyond the Headlines October 19th
California fires and the housing shortage; CA home prices to hit record high in 2018; more parents helping children buy in multioffer bids; rent price hikes easing; mortgage rates fluctuate and went down . . . more at link
Beyond the Headlines October 12th
Are you one of 200,000 people whose credit score has gone up because of this change? SF Mayor wants permit time cut to increase building; more mortgages with 5-year fixed rate mortgages on the market--is this for you? Wells Fargo to refund some borrowers; Crowdfunding you loan, read more here . . .
Beyond the Headlines Sept 28th
Tax reform proposals will hurt Californians, could end up paying up to $3,000 more per year in taxes; lenders feeling increased competition due to fewer sales, loosening mortgage qualification standards; recent housing legislation will still not bring prices down, read more at link . . . .
Beyond the Headlines Sept 21st
Student debt does affect homebuying timeline; California lawmakers advance many new housing bills; high home prices affecting price flippers, pulling back ; see more at link . . .
Beyond the Headlines Sept 7th
How tax reform could hurt the market; fees imposed by local governments for stormwater project without voter approval-NO!; will driverless cars reshape housing?; fewer owners delinquent on mortgage payment, and more at link . . .
Beyond the Headlines August 31
What is Congress scales back mortgage interest deduction? Bad for most Californians; California AGAIN wants to charge higher recording fees in escrow - don't let this happen; hottest real estate markets in August, plus more at link . . .
Beyond the Headlines August 24th
8 Things for 1st time buyers to know; HARP program extended through 12/31/2018 (Home Affordable Refinance Program); jumbo loans (over $421,100) getting less expensive; Calfornia market still showing price gains; those under 36 years represent one-third of nation's homebuyers; plus more at link . . .
Beyond the Headlines August 3rd
Sellers net highest profit in a decade; How home buyers can overcome tough competition; Low risk of a U.S. housing correction; Freddie Mac kills 1 percent down payment ; mortgages; Homeownership rate jumps from 50-year low
Beyond the Headlines July 27th
Sellers like multiple offers, but there are pitfalls; Consumers vote for housing as top investment; Walkability is in demand; the consumer confidence is up about the future of the economy; read more at the link . . .
Beyond the Headlines July 20th
Return of some mortgage products - what does it mean to have a no-closing-cost mortgage?, read about when it pays and when it doesn't pay to have one; California has a housing crisis, higher home costs and 130 housing measures passed by the Legislature; California is one of three states with highest home purchases by foreign nationals; What part of California has highest home price?
Beyond the Headlines July 13th
Which home renovations give the highest return at resale? Clue: not swimming pools or kitchen remodels; mortgage loans are increasingly built on automated platforms, and are still a lot of work to obtain; 84 percent of Americans believe that buying a home is a good thing to do, read more at link
Beyond the Headlines June 29
Private mortgage insurance can be dumped! Not refinancing might mean leaving money on the table; Southern California home prices aren’t about to drop. In fact, they believe prices will keep rising for two more years, at least, and possibly longer; San Francisco market is slowing somewhat, read more at the link . . .
Beyond the Headlines June 15
Property Assessed Clean Energy loan programs (PACE) should be understood completely before getting one, click here to find out the pitfalls; consumers are keeping their borrowing lower; McMansions are challenged by the desire for an urban, walkable environment for a lot of buyers; Fannie Mae to loosen some loan requirements; read more at the link . . .
Beyond the Headlines june 8
Renters may want to calculate what their extra monthly costs would be as a homeowner and then set aside that amount, minus rent and utilities; California among top markets for foreign commercial buyers; Read about California's legit "granny flats" as a second unit;
Beyond the Headlines June 1
Government required transfer taxes are most often overlooked expense by sellers; parents are source of help for many 1st time homebuyers; FICO (credit) scores hit record high this year, the average credit score nationwide reached 700; average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) remained unchanged at 4.17 percent, read more at the link
Beyond the Headlines May 25
Down payment programs are back, some companies are contributing up to 50% (to be paid back later); record low housing inventory, read more at the link; what do you think your home insurance covers? Read more at the link; drop in mortgage rates is bringing on the refinances -- click on the link for more . . . .
Beyond the Headlines May 11
10 cities with the biggest housing recoveries; should new homes be in urban areas with vacant land, or higher density project in the metro areas? The over 55 age group is not in the buying market as much as the younger millennial generation, 30% vs. over 49%
Beyond the Headlines May 4th
California pending home sales down 3rd month in a row;
homes selling above asking price rose 34%; mortgage interest deductible may change, exactly how much not known yet; loan closing times improving; first time homebuyers make good money, higher than median income; read what homebuyers said they would do differently if they could do it over; read more at the link . . .