Category Archives: Real Estate Updates
Raising Interest Rates
Federal Reserve Chair, Janet Yellen, has confirm that the Fed is on track to increase interest rates later this year. However, concerns of “unanticipated developments” could delay or accelerate the process. And although the economy shows signs of growth, certain
Reducing Mortgage Payments
6.5 million Homeowners with mortgages could save approximately $200-$500 on their monthly payments by refinancing, most could qualify and benefit from traditional refinancing while 450,000 are HARP-eligible. HARP, the Home Affordable Refinance Program, is a federal program established by the
The (Un)affordability of Homeownership
In December of 2014, a service tax, Senate Bill 8 (SB 8), the “Upward Mobility Act,” was introduced by Senator Robert Hertzberg (D-Van Nuys). The bill’s purpose is to generate $10 billion for schools, local government and to provide tax credit
Worrying About Interest Rates…
There is speculation that the Federal Reserve could raise interest rates in June then gradually increase thereafter, however, the impact of low oil prices, a strong dollar and the unemployment rate over the next two months, will be a determinant
The Right Mortgage
It’s inevitable, the Federal Reserves is considering raising rates as early as June, so, with a little time on your side, now might be a good time to find the right mortgage or to refinance. With jumbo loans, banks are
Buying Los Angeles
In a recent article from HSH.com, a mortgage research website, reports that in order to afford a home in the Los Angeles area of $450,900, based on NAR (National Association of REALTORS®) median home price for 2014 fourth quarter, with
Zillow’s Flaw
During a recent interview on CBS This Morning, Zillow CEO, Spencer Rascoff, acknowledged the accuracy of Zillow’s zestimate, widely used by home buyers and sellers alike to gauge property values, as having a “median error rate” of about 8% nationwide.
Buyers Are Staying Put…
A recent study by C.A.R. (California Association of REALTORS®) found that more than 50% of renters will either purchase their home in the same neighborhood as current residence or within the same county.California Attracting Foreign Investors
The Chinese firm, Oceanwide Holdings Group Co, is aggressively purchasing residential and commercial properties along the California coast, spending millions over the past two years. Oceanwide is currently developing a three-tower apartment complex, which include retail space and a hotel.