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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 […]

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 […]

‘Zombies’ Make Up 21% of Foreclosures

  Zombie foreclosures are still haunting the housing market, representing one in every five foreclosures nationally, according to RealtyTrac, a housing data firm. “Zombie foreclosure” is a term coined to describe properties where the foreclosure process has been started and the home owner vacates, but the foreclosure has never been completed. As such, the distressed […]

Existing-Home Sales up 4.9%

  Existing-home sales rose strongly in May, with all four regions of the country experiencing sales gains on the previous month, according to the National Association of REALTORS®. The association also noted that inventory gains continued to help moderate price growth. Total existing-home sales (comprised of completed transactions on single-family homes, townhomes, condominiums and co-ops) […]

312,000 Residential Properties Regain Their Equity

  FRIDAY, JUNE 06, 2014 About 312,000 residential properties regained equity in the first quarter of this year, raising the total of residential properties with equity to more than 43 million, CoreLogic reported Thursday in its annual home equity report. Still, as of the first quarter, about 6.3 million homes – or 12.7 percent – […]

Luxury Home Sales Soar Above Historical Average

Affluent buyers are feeling bullish about housing, as luxury home sales skyrocket, Bloomberg reports. Million-dollar homes in the U.S. are selling at double their historical average, according to data released by the National Association of REALTORS®. Sales of homes that cost $1 million or more increased 7.8 percent in March compared to a year earlier. […]

Home Prices to Increase Next 12 Months

March 25, 2014 REALTORS® expect home prices to continue to rise over the next 12 months. But they expect them to do so at a moderate pace, given tight credit conditions and the chipping away of home affordability, according to the latest REALTORS® Confidence Index, a monthly survey distributed to more than 50,000 real estate practitioners to […]

Real Estate Scams You Need to Know About

BY MELISSA DITTMANN TRACEY Don’t be duped by mortgage fraud. Here are a few common scams and the red flags you should look for in a transaction. Mortgage fraud is pervasive: An estimated $4 billion to $6 billion in annual losses result from mortgage fraud, according to FBI reports. “An entire community can be damaged by […]

4 Keys to Real Estate Recovery

In order to have a fully recovered housing market and economic recovery, economists point to the need for four positive indicators: 1. A healthy job market with low stable unemployment; 2. Mortgage delinquencies that have returned to historical averages; 3. Home prices consistent with an affordable mortgage payment–to–income ratio; and 4. Home sales that are […]

How the Shutdown is Affecting Real Estate

The government shutdown is starting to cripple the real estate business just as it was starting a comeback.  You might ask how this is happening, well,  here are just some of the reasons. FHA and VA loans are being delayed because of lack of staff USDA loans which are for low income borrowers, have ground […]