What's Up With Ben Bernanke Not Being Able To Refinance His Mortgage? Anyone who has watched the news lately will be surprised to see that Ben Bernanke, the former chairman of the Federal Reserve is unable to refinance his mortgage. While this may seem as a bad joke, it is actually the result of strict regulations set by the government owned … [Read more...]
Archives for November 2014
What’s Behind Declining Affordability in the Golden State?
Even though Orange County residents experienced low home price appreciation from August to September—with a -0.5% drop, affordability is still impacting Southern California. Some of the reasons behind this decrease in purchase power are: more-sluggish-than-anticipated economic growth, incomes that haven’t kept up with the cost of living, and lack … [Read more...]
What’s Keeping Renters out of the Housing Market?
With metros like Los Angeles, Riverside, and San Diego seeing a 10.7%, 11.1%, and 15.5% increase, respectively, in the number of college grads they’ve gained since 2007, it’s hard to believe that home sales aren’t off the charts. So, What’s Keeping Renters out of the Housing Market? Especially when you factor the job growth SoCal metros have … [Read more...]