Jerry Brown's replacement will be elected on November 6, 2018 - we can expect a barrage of advertising in the meantime. Here's how the candidates speak about the housing dilemma:
CA Governor 2018 and Housing
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Month: April 2018
Housing-Bubble Chances
An article based on research from a mortgage insurance company, who has a stake in the game (unlike economists). The image above shows virtually no risk of prices falling in Southern California over the next two years. H/T daytrip: Housing bubble coming? According to...
Inventory Watch
This week we had 70 new pendings, the highest weekly total of the year and the most since September 4th. While we have had weekly new-pending counts in the 80s and 90s during previous selling seasons, 70 is probably as good as we will see this year. Last year, we...
What Do Higher Mortgage Rates Mean?
Sellers will be reluctant to lower their prices just because rates went up, so what do higher rates mean for home buyers? Let's take a minute and a half and logically review the actual differences in payments when rates go higher:
Mortgage-Rate History
Mortgage rates settled down the last two days, but the damage was done - we're above 4.50% (no points) now for 30-year loans. You'd think that some day the higher rates will have an impact on the demand for housing, but for now, sellers are confident that the prime...
Foreclosures 2011
Jim the Realtor on cnbc - does the advice sound familiar? Hope for Housing? from CNBC.
San Diego Bubble Meter
The local NSA Case-Shiller set a new record this week too. From the U-T: The San Diego County median home price soared to its highest point ever, $550,000, in March, said real estate tracker CoreLogic. Home prices increased 6.8 percent in a year, which experts...
Freddie Mac To Compete With FHA
Freddie Mac's underwriting also allows self-employed buyers to submit tax returns for one year only, instead of the customary two years' tax returns. I'm not sure if they will do that on this new program? It’s been more than three years since Freddie...
One Paseo Update
Carmel Valley's One Paseo will have 60 affordable units among the 608 apartments being built (no prices announced yet). The processing of the development began in 2009, and the final project ended up being roughly one-third the size of the original proposal. The...
More on Home Staging
From Realtor Magazine: Real estate shopping requires a buyer’s imagination. As a real estate professional, you want open-house guests to be able to picture the household as if they’ve already moved into the property. That’s why staging can make all the difference in...
