Market Matters July 1
A new 40-year mortgage in the works; Decreasing lumber prices...; which home renovations give the best return?;
Market Matters June 24
Read more about preparing your California home for wildfire protection; foreclosure and and eviction moratoriums extended until July 31; California Dream for All program would pay up to half of new home costs; read more at the link . . .
Market Matters June 17
Young buyers may underestimate all costs of owning a home, how much they can afford, and more; California median home price in May sets new record high; average homeowner gained over $33,000 in equity last year, read more at the link . . .
Market Matters June 10
Still a desire to buy rather than rent, 3 out of 4; California Realtors are providing the homebuying information buyers need; Lumber costs still at the top; moving to new areas is driving up sales, and demand, for new appliances.... read more at the link.
Market Matters June 3
Pandemic shortages in appliance and furniture, may delay closings; are pandemic buyers happy? Read Realtor.com survey results; working from home has had an effect on moves in the real estate market;
Market Matters May 27
April median price in Calif at $813,000, pushing out many homebuyers; new home production slowed by production costs; are you waiving contingencies in order to win the offer war? read more at the link . . .
Market Matters May 20
Buyers pay all cash to outbid competition; remote work creates high demand for second homes; age 25-40 is second largest homeowner group; read more at the link. . . .
Market Matters May 13
Homes with pools are back; Exercise rooms, community, are more important; homeownership rate not increased; mortgage rates about 3.11%,,,,, read more at the link
Escalation Clauses in a Contract
Have you been asked to do an escalation clause in your offer? Read here about the risks of inserting language that automatically outbids another buyer's offer, and the risks....
Buyers Guide to Non Contingent Offers
What buyer should know about making an offer and the seller wants you to remove your loan or appraisal contingency, or buying a home with a home inspection. Read here for more important information . . .
Market Matters May 6
It's a seller's market, and here are some things to know about selling this year; buyers are hoping there will be a turnaround in inventory and the market; lumber prices have increased dramatically, increasing the cost of new homes; read here about a refinance option for lower income borrowers;
Market Matters April 29
What is budgeting for a new home, and its expenses? Slower condo price growth can help first time buyers; bidding wars continue, and so do contingency waivers;
Market Matters April 22
California median home price at all time high in March; Latino homeownership rate grows; mortgage forebearance loans have dropped in recent weeks; read more at the link . . .
Market Matters April 15
Americans invest in housing instead of stocks; more vaccines, more seller optimism; San Jose and San Francisco most competitive cities to buy in right now, then Los Angeles and San Diego; Many homes are selling over asking price right now;
Beyond the Headlines April 8th
CDC extends eviction moratorium; foreclosure reprieve until 2022? bidding wars and overbids, not cooled off with higher rates... read more at the link . . .
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 . . .