Housing Barely Budging
The National Association of Home Builders (NAHB) has conducted its Housing Market Index (HMI), which it produces in conjunction with Wells Fargo, for the past 30 years. The HMI is derived from new-home builder survey responses which in July reported an utterly static outlook. “For the past six months, builder confidence has remained in a […]
Lunch N Learn Radio Interview
Eran Sinai: Happy Wednesday everyone! Eran Sinai here; Consumer Guardian Law, Lunch N Learn Radio. You can listen to us. You should be listening to us, especially today. ESPN 1700 a.m. or watch us live, and you do wanna watch us today. I’m telling you, lunchNlearnradio.com. I have here two great people, good old […]
The Drop of Housing
We are well into February and starting to see a seasonal housing drop. We’re experiencing the lowest levels in three months, shedding light on the limit of gains possible within residential real estate in early 2016. Housing saw a drop of 3.8% (1.1 million), down from 1.14 million the month prior. Like most things in real […]
The True Cost of Renting a House
Renting is becoming increasingly more expensive in San Diego According to a report recently released by Zillow, rents in April of 2015 were 4% higher than the year before. It’s the fastest increase we’ve seen in 24 months, overrunning home prices which only rose by 3%. The affordability of rent is becoming increasingly more expensive. […]
How To Win a Home Bidding War
Have a Game Plan When you find a home you want to make your own, it’s best to have a game plan for making the offer. While price is a huge factor for the seller, there are many other elements which may impact their decision to accept your bid. However, if you find yourself getting […]
Foreclosures and Distressed Sales Increase in California
Foreclosures across the nation may have reached their lowest level since November (as well as the third lowest notch in 7 years), but that doesn’t mean it’s sunshine and rainbows in Cali. Many CA Homeowners Are Upside Down Despite a falling foreclosure rate across the U.S., many California homeowners in low-priced homes are trapped upside […]
Home Sales Are Rebounding in San Diego
Interest Rates Are Low With 30-year fixed interest rates averaging the lowest we’ve seen in months, many homeowners are wondering if now is the time to refinance. And while personal situations may dictate whether refinancing at these low rates is a good decision, there are some other factor to examine as well. And that’s only […]
Subprime Bonds Return As “Nonprime” Bonds
Subprime Bonds Return As “Nonprime” Bonds Subprime bonds are back, but, from now on, they will be called nonprime bonds. More and more executives are trying their best to revive the lending market of the subprime bonds, as they believe that millions of people with bad credit are kept out of the mortgage market by […]
Prices on a Downward Trajectory
Home price appreciation is slowing across many top metros in the nation. In fact, according to the S&P Case-Shiller Price Index, the drop to 4.8 from 5.5 is the first month-over-month decrease since November 2013.This drop in appreciation isn’t just across the U.S… it’s also affecting many areas of Southern California. From September to October, […]
Fannie Mae Is Ready to Bring Back 3% Down Payments – Five Reasons Why
In late 2013, Fannie Mae increased the minimum down payment from 3% to 5%. Now, they are ready to come back to the original terms, but many analysts are still wondering whether this is a prudent move. Fannie Mae was profitable in this year’s third quarter, with $3.9 billion net income and $6 billion net […]
