News

Oct. 8, 2019

Payment Not Price

When it comes to housing, everybody puts way too much emphasis on the price of a home when they should really be taking a closer look at the monthly payment.

Focus on the Payment: Just a year ago mortgage rates were at 4.75% and rising, substantially higher than today’s ...

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Oct. 8, 2019

Borrowers jump on board the refinance bandwagon as rates drop

When mortgage rates plummet to historically low levels, you have to expect a reaction from the borrowing public. And, as usual, they did not disappoint. Borrowers got themselves to their loan reps and began taking advantage of the market. According to the Mortgage Bankers Association (MBA), the volume of mortgage ...

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Oct. 1, 2019

First-time homebuyers often feel unprepared for ownership

For some it seems like a no-brainer. Renting a home feels like throwing money away, offering no sense of ownership whatsoever. Buying a home is investing in the future. Even if it takes up to 30 years to pay off the loan, you have been LIVING in your investment.

  ...

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Sept. 23, 2019

Timely payments and a surge in refinances mean lower foreclosures

Mortgage “performance.” Sounds like a fun financial song and dance, right? If you recall the days of heavy foreclosures, however, it’s no joke, especially to the mortgage servicing industry. And according to experts who monitor such things, mortgage performance has markedly improved.

 

According to data from First Look ...

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Sept. 17, 2019

Real estate still rules as safest long-term retirement investment in new survey

 

 

 

Real estate still rules as safest long-term retirement investment in new survey

 

When 2,000 Americans are asked their opinion about investing and a large chunk of them agree, it’s something worthy of note. According to a study done by the online magazine Sophisticated Investor, a ...

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Sept. 16, 2019

OC Housing Report: Green Shoots

Even though the housing market is not as hot as prior years, trends have emerged that confirm that it is starting to heat up.

Green Shoots: Trends are developing which demonstrate that the housing cool down is beginning to heat up.

Headlines are the same across the country: there are ...

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Sept. 11, 2019

Low rates may spur further home price growth as we move into 2020

 

Low rates may spur further home price growth as we move into 2020

 

If you’ve been waiting around to buy a home thinking prices would start stabilizing or getting reduced, think again. A new CoreLogic report is saying annual home-price growth will increase by 5.4% by July ...

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Aug. 28, 2019

Orange County Housing Report: It is what it is

Many buyers and sellers are holding out for a major shift in the market favoring their point of view, but housing is not changing anytime soon.

Status Quo: For the rest of the year, the housing market is not going to change much at all.

There is an old saying ...

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Aug. 27, 2019

Existing Home Sales Continue to Impress

 

Existing Home Sales Continue to Impress

 

What is normally considered the “selling season” has gotten a retroactive boost in recent days. The National Association of Realtors’ chief economist Lawrence Yun reports that the sales of previously owned U.S. homes picked up in July, suggesting that lower mortgage ...

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Aug. 20, 2019

Homebuilders see more short term profit in building single-family rental communities

 

Homebuilders see more short term profit in building single-family rental communities

 

If you can’t buy, rent? That’s the stigma renters used to tolerate, but no longer. According to CNBC’s Diana Olick, demand for single-family rental homes is surging while homebuilders are rethinking how they do business by redesigning ...

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