Category Archives: Archives
U.S. Senate Getting Tough On Pace Loans
U.S. SENATE GETTING TOUGH ON PACE LOANS Senator Tom Cotton (R-Arkansas) along with Senators Marco Rubio (R-Fl orida) and John Boozman (R-Arkansas) will introduce the Protecting Americans from Credit Exploitation (PACE) Act which requires disclosure for Property Assessed Clean Energy (PACE) loans that target low-income and elderly Americans with predatory home loans. Specifically, this bill
California pending home sales dial back, marking weakest February in three years
After a solid start to the year in closed escrow sales, low housing inventory, eroding affordability, and rising interest rates mildly pulled back pending sales on a year-over-year basis in February, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reports. In line with seasonal patterns, REALTORS® responding to C.A.R.’s February Market Pulse Survey** saw elevated market activity,
The Ax Falls On Hud
President Donald Trump proposed his budget for the 2018 fiscal year which would include a $6.2 billion cut to the U.S. Department of Housing and Urban Development. This cut represents an annual decrease of 13.2% and would allot $40.7 billion in gross discretionary funding for the agency. A report from the Office of Management and
Sales Increase in Danville Real Estate Market
The number of home sales in the Danville market climbed 24.2% to 41 homes over the last 30 days, coming close to the 53.9 monthly average for the last 12 months. At the same time, close-by Oakland reported 218 home sales, the highest number from all the surrounding cities. Potential buyers should note that prices went up
Hot Bay Area Housing Market Cools Just a Bit
Bay Area home sales sagged in December from a year earlier, but — continuing a nearly five-year trend — the median price of a single-family house continued to climb. For the nine-county region, the median price was $680,000 in December, up 3 percent from December 2015, according to CoreLogic, the real estate information service. Discounting
Take Appreciation Lessons From Warren Buffett
Billionaire and renowned investor Warren Buffett has seen mammoth appreciation for a getaway home he owns in Laguna Beach, Calif. He purchased it in 1971 for $150,000. Now Buffett is selling the six-bedroom, 6.5-bath home for $11 million. Are there any lessons from Buffett’s savvy investment that others can draw from who are looking for
Small Is Beautiful
When shopping for a new home, bigger is better, right? When it comes to roomier closets and more spacious kitchens, probably — but not so much when considering the return on your investment. According to a NerdWallet analysis of three years of data from Realtor.com for 20 of the largest U.S. metro areas, smaller homes
Is This the New Normal?
The homeownership rate is on the decline again. The latest numbers reflecting the fourth quarter of 2016 show the homeownership rate fell from 63.8 percent a year earlier to 63.7 percent, the Census Bureau reported. While the drop may seem slight, it reflects an overall trend for homeownership in the country for the past few
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