Three California housing issues to watch in 2018

  Source: The Los Angeles Times Rising rents and home prices forced California’s housing crisis to the front of Gov. Jerry Brown’s and lawmakers’ agenda in 2017. Legislators passed the most comprehensive package of housing bills in recent memory designed to increase spending on low-income development and encourage more construction in general. But the bills, […]

Homeownership will get more expensive for some Californians under the GOP tax bill

Picture Source: Story Source: The Los Angeles Times The Republican tax bill that appears headed for President Trump’s desk reduces the ability of home buyers to deduct mortgage interest, which will be a hit to home shoppers in Southern California and the Bay Area, where housing costs are sky-high. But the interest provision is far […]

Owners Missing Money at Foreclosure Auctions

Because there’s strong demand for affordable residences in markets that are seeing home prices surge, some homes sold at foreclosure auctions are netting more than what the lender is owed. Once debts, liens, and fees are paid off, the home owner who’d fallen behind in their mortgage payments is entitled to the remainder. But here’s the […]

Andy Rooney’s New York Home Sells for $2.2 Million

  Photo courtesy of http://nobodynoonenothing.blogspot.com/ Andy Rooney’s Longtime New York Home Sells for $2.225 Million For a bushy-browed and curmudgeonly old coot of a commentator, Andy Rooney had another calmer and more streamlined side. Four years after Rooney’s death, the Upper West Side co-op apartment has been listed for sale by his heirs for $2.385 million. […]

Black Monday’ Rattles Housing Market

Chinese home buyers, in particular, may be more cautious in entering the U.S. housing market following Monday’s massive stock market sell-off that sent stocks tumbling, according to housing analysts. The sell-off began in Beijing on Monday and sent shares plunging by record amounts across the globe. Chinese media dubbed it “Black Monday” as markets fell […]

Home Sales Off to a Bumpy Start in 2015

Existing-home sales dropped in January to the lowest rate in nine months, according to the National Association of REALTORS®’ latest housing report. All regions across the country saw declines in sales in January, with the Northeast and West posting the largest losses. Still, the pace of sales was higher than a year ago – at […]

The Best Seasons to Sell a Home

    Spring is traditionally considered the best season to list a home, but it doesn’t inch out the other seasons by much, according to a new analysis by the real estate brokerage Redfin. Check out our last report from Redfin’s seasonality study Redfin’s research team analyzed 7 million homes listed from 2010 through 2014 to gauge […]

87% of Homes Qualify for Down Payment Aid

Photo courtesy of http://funny-pics-fun.com/funny-compilations/home-sweet-home More prospective home buyers would likely qualify for down payment assistance than they think. Indeed, more than 68 million single-family and condo households – or about 87 percent — would qualify for a down payment program available in the county where they are located, according to a new study by Down Payment […]

Oil Prices Dropping, Good News or Bad News For Home Buyers

  The drastic drop in oil prices could put downward pressure on mortgage rates. The U.S. Energy Information Administration reported that the price of regular gasoline was $2.20 per gallon, its lowest point since a peak of $4 per gallon in May 2011. EIA estimates that the savings could amount to $550 per household in […]

Five Things to Watch in Housing In 2015

With lingering concerns about the recovery of the housing market, there are several key factors to watch in 2015, including affordability. It remains to be seen whether sales will pick up in 2015 if there’s more available for sale, and if those sellers realize prices aren’t rising the way they were one or two years […]