This section is solely dedicated to latest news on mortgage rates, loan refinancing, as well as information on “how-to’s” with gauging a buyer’s financial capacity and future home commitments. Wondering how rates will be impacted in 2017 with much of the market clouded by uncertainty? This section will provide such answers, and more!
Currently, the front door is wide open for first-time homebuyers! As rents rise faster than incomes, millennials are now entering the market, and on a buying spree. Since purchasing a home is a significant, life-impacting investment we outlined 10 money saving tips for 1st-time homebuyers below. You are more than welcome to share these tips with […]
At the time this post was written the median price listing for a Santa Clarita Valley home at the beginning of September 2018 is $649K. This is a 1% decrease from August. For much of the news regarding inventory being tight, it has loosened with a 7% increase over the past month. This amounts to the average […]
You may have heard by now all the craze about cryptocurrency, and its popularity. With cryptocurrency, popularity comes a familiar currency type that has now become a method of payment: Bitcoin. If you’re not familiar with Bitcoin, it’s recommended to begin familiarizing yourself with it. It’s here to stay and continues making inroads in traditional […]
CoreLogic just published their March Home Price Index & Forecast which is reflecting a consistent price increase for homes. With a low inventory, slow rising incomes, yet a high demand for home purchases are factors driving this increase. Inside the Nation’s #’s Over the past 7 years, home prices have increased year-over-year at 7%, and […]
Yes, even in the era of the frequently used phrase, “Fake News,” there is such a real thing as “Fake Real Estate.” With well over 90% of real estate consumers using online services to help with their real estate needs ranging from home buying to loan modifications, nefarious characters are ever increasing their real estate […]
NAR (National Association of Realtors) reported existing home sales spiked 4.4% during this past March. Homes are selling off the market at a whirlwind pace. Many economists have been predicting this “spring revival” or as we like to call it on The Santa Clarita Diet, “Spring Into Action!,” since the beginning of 2017. This buying […]
Last week the Federal Reserve raised interest rates by 0.25%, from 0.75% to 1%. Such movement by the Fed can typically place pressure on mortgage interest rates homebuyers apply for. However, since this increase was well anticipated by most of the markets, the general thought among most financiers is don’t expect any significant change in […]