Rising interest rates depress September sales; consruction on new homes fell in September; mortgage rates rise above 7%; The Federal Housing Finance Agency (FHFA) announced targeted changes to Fannie Mae and Freddie Mac's guarantee fee pricing by eliminating upfront fees for certain borrowers and affordable mortgage products, while implementing targeted increases to the upfront fees for most cash-out refinance loans
Buyers need more money to buy than at beginning of year; Current interest rates are highest since 2002; 2023 Housing Forecast released at annual trade show . . . read more at the link...
Buying analysis says October to end of year is best time to buy a home; certain home repairs get the best return; FHA wants lenders to consider on-time rental payments; read more at the link . . .
What to know with an increased interest rate-how it affects your payment; Is it better to buy or rent?....flood risks and climate change are part of homebuying equation; mortgage rates stopped climbing after 6 weeks in a row of increases; read more at the link...
New FNMA program to help renters build credit; will cancelling a home purchase contract cost you? 60% of home surge driven by remote work; new home sales rose nearly 29%..... read more at the link....
How to move past student debt and buy a home; August home sales higher with temporary rate lower; record share of homebuyers relocate; another rate hike to fight inflation . . read more at the link.
Homeowners should shop for mortgage with volatile rates; what you need to know about zero down loans; biggest turn in market since 2008, rates at 6%;
FNMA predict rates will fall in 2023!!; BofA announces zero down mortgages for buyers; rising rates has caused some drop in mortgage demand . . . read more at the link
Higher credit scores affect mortgage, improve your score and save on costs; California housing affordability lowest in 15 years; wild interest rate changes cause re-finance surges; read more at the link . ..
Rates have increased, but historically low; low credit scores mean more mortgage costs; low inventory still causes prices to rise; what will happen in housing market for rest of year?
Adjustable rate mortgages on the rise; rates raised by Fed to tame soaring inflation; homes sales volume fell in June; Bay Area prices see drop in May and June; U.S. homes prices up in May; read more at the link . . .
Cost of tapping into home equity is growing, mortgage rates have increased by 2% since year beginning; California home prices downshift from frenzy of last 2 years; foreign buyers returning to U.S. market; there's still a housing shortage; read more at the link . . .
Calif program Dream For All to help buyers in communities they would be locked out of due to price; May's monthly mortgage payment increased by 6.2%, median family income increased .7%; read more at the link . . .
Californians asked to reduce water use by 15%; condos and mobile homes are affordable alternatives to single family homes; on market listing inventory increasing to pre-pandemic levels; where are the California counties most affordable to retire to?; read more at the link . . .
Bay Area Market is Shifting; Will the SoCal market slow down?; to help 1st time buyers, Fannie Mae now using ontime rent payments for qualification; Inflation pushes up cost of building new homes; read more at the link . . .
Billion Dollar fund proposed by California Legislature to help first time buyers; Many Americans know far less about the homebuying process than they do the Kardashians; California started showing a market shift in May; read more here .....
Inflation and higher interest rates are making it difficult for young house hunters to buy properties; Fannie Mae and Freddie Mac are also rolling out a new credit reporting system that factors rent payments to help buyers purchase; The competitive real estate market left more than half of U.S. home buyers in tears; read more at the link.....
Fremont has been named the top city in the nation to raise a family in a study by WalletHub; Real estate knowledge needed: Younger generations — mostly first-time home buyers — struggled the most. For example, less than a quarter of Gen Z respondents, who are in their early 20s, could pass a quiz on common homebuying terms; Changing jobs may affect your mortgage application; read more at the link....
Rising interest rates are sidelining some buyers; condo construction had best quarter since 2008; A homeowner who purchased a single-family existing home 10 years ago would have gained $229,400 in home equity; inventory of homes rose 9% compared to one year ago; Even after rates declined slightly last week, mortgage demand slipped to the lowest level since December 2018; read more at the link.....
What are unexpected costs of homeownership?; National rents at a new high in April; What are the financial guidelines if you buy a major fixer or teardown?; read more at the link. ...
Second home demand is slowing, increased rates and loan fees not helping; Calif median home price still increases in spite of rates; read more at the link
Some home sellers beginning to drop prices, buyers still may not get relief; Realtor.com says Asian American homeownership is up; increase in rates this year adds hundreds of dollars to monthly payment; buyers beginning to return to adjustable rate mortgages (ARMs) to ease the rate crunch; read more at the link. ...
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....
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 . . .
Possible precedent for future decisions about development along the region’s growing Metro rail network.
Between 2010-2015, denser urban locations grew significantly faster than residential neighborhoods
San Francisco owners converted to condos; rent control does not necessarily help those who would need it most, read from The Economist
More land and cheaper, more government financing housing support are part of the reason buying a home was within reach of the average wage earner
Credit scores for one thing, so try to raise your score! It can be done!
Most landlords are the mom-pop type, not huge greedy corporations.
Activists are Pushing for the Ballot Vote
