Beyond the Headlines March 25th
More than one-third of homes sold over list price; record low of 10 days on market before selling; read more at the link. . .
Beyond the Headlines March 18th
The pandemic ignited a housing boom; "With inventory dropping more than a half from a year ago, the market will soften in the second half of 2021 if we don’t see enough homes come on the market to meet demand.”; President Biden's $15,000 tax credit, how will it help you?; More on 3-D printed homes, how they save money; Can So Cal build 1.3 million more homes by 2029? read more at the link . . .
Market Matters March 11th
Inventory shortage in California continues to fuel upward prices, fewer homes on market 1st quarter compared to last year; Migration from Bay Area to Central California; appraisal discrimination; California has five housing markets leading the way in price, including Los Angeles-Long Beach metro region; rise in rates affecting mortgage refinance demand, read more at the link. . .
Market Matters March 4
Single women buy more homes, share of single men in the market hasn't changed since 2012; Find out the cosmetic tweaks to make your home sell faster; homes are selling with multiple offers, but closing delays caused by financing, appraisals, and other contingencies; loan forebearance extended to 18 months; read more at the link . . . .
Market Matters February 25
Buyers pushed into multiple offers, California inventory down by 50% from one year ago; mortgage application drops 11%, rates up; read more at the link. . . .
Market Matters, February 18
Buyers in fierce bidding wars; credit scores have improved, average was 711 in Fall of 2020; foreclosure moratorium extended to June, 2021; interest rates rising (but still very low by historical standards), drop in mortgage applications . . . read more at the link . . .
Market Matters February 11
Read which California cities are the healthiest in the nation; the new construction homebuying rush is expected to continue, COVID forebearance borrowers have extended time to catch up; read more at the link . . .
Market Matters February 4
More than half of homebuyers reported getting down payment from family; Credit scores below 640 present problems for getting mortgage qualification; more than one-third of buyers report getting outbid on their home offer; some millennials can step straight into the luxury market; read more at the link . . .
Market Matters January 21
How to move safely during the pandemic; December home sales up 28 percent from one year before, largest yearly gain since 2009; bankruptcy and loan forbearance may add additional requirements for re-fi; bidding wars and appraised values, read more here . . . .
Market Matters January 14
Orange County and Inland Empire see biggest price gains in 6 years; interest rates are very low, but first review 4 key considerations about homeownership;