Jon Motsenbocker DRE #01950257's Blog Posts

Jon Motsenbocker DRE #01950257's Blog Posts

Prepare for "significant economic consequences" if the mortgage market can't better serve minorities
The mortgage industry has historically underserved people of color, and if it can’t figure out a way to properly address the problem, the economy as a whole will suffer.This ...

Trump announces in NAR speech that he's lifting steel and aluminum tariffs
President Donald Trump used his one-hour speech at the National Association of Realtors convention on Friday to announce the U.S. would be lifting steel and aluminum tariffs on Can...

The most expensive neighborhood in every state
Choosing the right neighborhood can make all the difference when it comes to quality of life. It’s also one of the most important factors that dictate price.According to...

10 Things to Know About California
1. THE California Gold Rush, which started in 1848 and lasted a decade, spurred the largest migration in U.S. history when thousands of people flocked to the state in search o...

'Big Bang' Star's Mansion For Sale; Californian's Moving To Boats
Cheddar breaks down the top real estate news across the country including celebrity mansion sales, Macy's NYC building addition, and California's housing trends.Watch the video......

Tinder co-founder seeks a swipe right on this $12.7 million Santa Barbara horse ranch
Tinder co-founder Sean Rad is hoping a buyer falls head over heels for his horse ranch in Montecito. The scenic estate is on the market for $12.67 million, records show.Rad, who&rs...

Don’t Get Scammed Out of Your Home
Beware of criminals attempting to take your home right out from under you.Los Angeles County Deputy District Attorney Daniel Kinney says that in the “Home Title Fraud” ...

New Prediction: 10 Housing Markets With the Biggest Price Gains in 2019
In April, the real estate analytics and data company CoreLogic published an updated housing forecast with home-price expectations for 2019. Among other things, this report containe...

Californians leave the beach for bigger houses in Texas
Prosper, Texas. Photo credit: Stephanie Kuo.The population of Texas is growing at an almost astonishing rate. The state adds an estimated 1,000 people each day....

Federal Reserve holds interest rates steady, notes unexpectedly soft inflation
The Federal Reserve left borrowing costs unchanged, continuing to delay any rate moves amid persistently low inflation.The U.S. central bank voted unanimously Wednesday to maintain...

Popcorn Ceilings: What They Are, How to Get Rid of Them & Are They a Health Hazard?
Popcorn is great for lots of stuff. You can enjoy a big bucket with family and friends while at the movies, string it on a thread to give Christmas that old-fashioned touch and eve...

Top Markets with Greatest Seller Gains
ATTOM Data Solutions just released its Q1 2019 Home Sales Report and the data shows that U.S. homeowners who sold in the first quarter of 2019 realized an average home pr...

3 Things Homeowners Never Want to Hear in an Offer Letter from a Potential Buyer
Buying a house can be cutthroat, which is why so many buyers opt to include a heartfelt, personal letter with their offers.Most experts agree that a home “love letter&rd...

Federal Jury Finds Sacramento Loan Officers Guilty in Mortgage Fraud Conspiracy Targeting Latino Community
Sacramento, California - After a six-day trial, a federal jury found Jaime Mayorga, 40, and Ruben Rodriguez, 42, both of Sacramento, guilty of one count of conspiracy to commit wir...

IPOs: Could Overnight Millionaires Impact Local Luxury Markets?
There’s a flock of initial public offerings (IPOs) on the horizon, and that could be big news for real estate. Mostly concentrated in the San Francisco Bay Area, tech giants ...

Where will Southern California house 2.76 million millennial homebuyers?
If you think it’s already hard to find a bargain in the Southern California home market, imagine adding a youthful flock of 2.76 million potential house hunters to the equati...

Why California Oaks Are Important
Oaks are identified as “the” California landscape. When you approach the foothills of the Sierra, that dark green band of trees interspersed with golden grasses on the ...

Roy Rogers’ California ranch looks to trigger a sale for $3.7 million
The 65-acre Double R Bar Ranch once owned by singing cowboy Roy Rogers and his wife, actress Dale Evans is looking to rope a buyer at $3.7 million.A working horse ranch, wedding ve...

How to Stage a Home for Sale
Are you a seller’s agent? Or are you a best friend of someone who is looking to sell their house? Regardless of who you are, there is a proper way of effectively staging...

'Big Bang Theory': Kaley Cuoco Selling $6.9 Million Mansion After Show Wraps Final Season
Kaley Cuoco is moving on from The Big Bang Theory after 12 seasons, and it seems she's looking for a fresh start elsewhere in her life, too. The actress put her...

This week in celeb real estate: Vince Vaughn’s former home lists, pedigreed Holmby Hills pad trades hands…and more
The parade of celebrity homes was a mostly short one this week. Apart from an $11 million sale in Holmby Hills, much of the activity happened in neighboring Southern California cit...

Green Day Bassist Mike Dirnt Lists Mediterranean-Style Home in California for $6.8M
Green Day co-founder and bassist Mike Dirnt is saying “Good Riddance” to his Piedmont, CA, home. It’s on the market for $6.8 million.The ...

Zero down payment loans are now available for real estate investors
Over the last few years, several lenders rolled out zero down payment mortgages for home purchases, typically gifting borrowers the minimum 3% down payment that was requi...

Best place to sell a home in the U.S.? Top 4 markets are in California
One group that likely will not complain about California’s high home prices: Sellers.The Golden State was home to the nation’s top four metropolitan areas for...

The median home price in Los Angeles County? $597K
Prospective homebuyers in Los Angeles will find an ounce or two of good news in the latest report from real state tracker CoreLogic.Prices in Los Angeles County remain relatively f...

Residential real estate investors, these are the best cities to buy in
Q1’s best spots for investorsReal estate investors looking to increase profits this year may want to head inward. According to new data, the Midwest region is home to the nat...

Here's proof from the housing market that the economy is slowing faster than expected
As the housing market continued its recovery over the last several years, home prices have risen and home maintenance and remodeling spends have risen with it.But after a solid fiv...

Would this California town have become so pro-cannabis if not for a councilwoman’s pot industry ties?
LOS ANGELES — Few local politicians have championed marijuana as loudly as Aide Castro.She says the drug was crucial to treating a thyroid condition. And as a Lynwood city co...

The housing market is in flux heading into prime buying season
The housing market in recent years has been stuck in the same position. A limited supply of homes for sale has led to competitive bidding that pushed prices higher and higher. Pros...

California Has a Housing Crisis. The Answer Is More Housing.
A bill clearing the way for more urban development in the state would help address affordable housing and climate change.California finally is beginning to consider solutions to it...

The new gold rush: Californians flock to N. Texas
If there is one word to describe local communities over the last decade, the undercurrents of change in Texas can only be defined as growth. Coming in all forms and fashions, ...

Dying malls resurrected in multifamily markets
As major anchor retailers at malls continue to shut their doors — Macy’s, J.C. Penney, Sears — those properties are finding a common ground to repurpose the space...

Home prices fall in Southern California for the first time in 7 years
The Southern California median home price dipped slightly in March from a year earlier, the first annual decrease since 2012 and a sign of a remarkable downshift from the once-sizz...

HUD delays new rule on FHA down payment assistance in response to lawsuit
The Department of Housing and Urban Development announced Wednesday that it was delaying the implementation of new rules regarding down payment assistance for l...

Bay Area housing market showing signs of normalcy
LOS GATOS, Calif. (KGO) -- There are signs of hope for potential home buyers in the Bay Area. Inventory is up, and in the South Bay, home values have dropped at least a small amoun...

Sales of new U.S. homes unexpectedly rose in March to a 16-month high...
Sales of new U.S. homes unexpectedly rose in March to a 16-month high, with a third straight increase that reflects a boost from lower borrowing costs.Single-family home sales rose...

Urban Institute: It hasn’t been this easy to get a government-backed mortgage for 10 years
The government has made mortgage credit more readily available in the last few months than it has been at any point over the last 10 years, a new report from the Urban Institu...

Report: Do Homeowners Fare Better Than Renters?
Affordability is a much more pertinent issue for renters than homeowners, according to new research from CoreLogic, a real estate data firm. Since 2005, the monthly cost to rent a ...

The lowest interest rates in more than a year boosted California’s housing market and kept home sales level in March after an exceptionally strong performance the previous month, according to the California Association of Realtors. Realtors speculate the
The lowest interest rates in more than a year boosted California’s housing market and kept home sales level in March after an exceptionally strong performance the previous mo...

Seven guilty in mortgage fraud scheme that targeted Sacramento’s Latino community
Two Sacramento defendants were found guilty Tuesday of wire fraud stemming from a fraudulent real estate company that targeted members of Sacramento’s Latino community, accor...

California housing crisis continues with no end in sight
Rising rents are driving working class Californians out of the neighborhoods they grew up in. Relatively inexpensive units require the incomes of two or more jobs. Even worse, rent...

Where’s the Real Estate Market Heading?
With the Trump economy enjoying record levels of employment, manufacturing jobs returning, and interest rates remaining in historically low territory, the housing market should be ...

Palm Beach homes: Developer of $44.5 million waterfront house calls it 'California in Palm Beach'
The Schottenstein family is championing California Modern-style architecture in Palm Beach through the new lakefront house they have developed and priced at more than $44...

California home sales rebound, Realtors look forward to spring
California home sales bounced back in February after hitting the lowest sales level in more than 10 years the previous month. According to the California Association of Realto...

Southern California home sales slowdown deepened in February; agents see busier times ahead
Southern California home prices barely rose in February from a year earlier, as buyers continue to struggle with the high cost of housing, according to a report out Wednesday.The s...

What is a Homeowner’s Association?
For everyone out there looking at homes right now, there are three little letters that could make or break your purchase decision. They are “H,” “O” and &ld...

Former home of music legend Cher hits the market in Beverly Hills
TAKE a look around a stunning Beverly Hills pad formerly owned by American pop singer Cher. It’s one of this week’s list of international dream homes to have hit the ma...

FIRST-TIME BUYERS HAVE BOUGHT 985K HOMES THIS YEAR
Home sales may be slowing overall, but not among first-time home buyers, according to a new report. Genworth Mortgage Insurance culled all publicly available government and proprie...

The $1 billion price cut: Luxury real estate gets slashed
The most expensive real-estate in America just became a little less expensive — with $1 billion in price cuts among America's top listings over the past few months, according...

Freddie Mac August Forecast: Housing Affordability Challenges Slowing Home Sales Growth
MCLEAN, Va., Aug. 27, 2018 (GLOBE NEWSWIRE) -- Ongoing supply and demand imbalances and weakening affordability conditions, particularly in markets out West, are expected to keep a...

10 YEARS AFTER THE FINANCIAL CRISIS, IS THE HOUSING MARKET STILL AT RISK?
The economy is booming. The stock market regularly hits new all-time highs. Unemployment is at record lows. Aside from a small recent downturn, the housing market is as hot as ever...

SOUTHERN CALIFORNIA SUPPLY OF UNSOLD NEW HOMES AT 6-YEAR HIGH
According to data from MetroStudy, builders completed 3,336 homes for sale in Los Angeles, Orange, Riverside and San Bernardino in the second quarter. That’s up 19 percent in...

This may be the hottest neighborhood in the U.S.
Just south of San Francisco’s Mission District, perched atop a steep hillside, sits Bernal Heights. Traditionally home to artists and progressive-types, this little neighborh...

Experts: Buyers’ Market in 2020
U.S. Will Become a Buyers Market in 2020, According to ExpertsDespite slowing home-value appreciation in some of the nation's hottest markets, an expert panel does not expect marke...

Home Price Cuts Increase, but Still Not Buyer's Market
SANTA CLARA, Calif., Aug. 29, 2018 /PRNewswire/ -- Realtor.com® today announced the findings of its August housing trend report which revealed a surge in price c...

Consumer Confidence Increases in August
The Conference Board Consumer Confidence Index® increased in August, following a modest increase in July. The Index now stands at 133.4 (1985=100), up from 127.9 in J...

Home Prices Gain Year Over Year in June
PRESS RELEASE LAS VEGAS LEADS PRICE GAINS IN JUNE ACCORDING TO S&P CORELOGIC CASE-SHILLER INDEX NEW YORK, AUGUST 28, 2018 – S&P Dow Jones Indices today released the l...

She wouldn't sell home to Trump fans -- now price is $100G lower
In March the woman placed her Sacramento-area home on the market for $625,000 with one stipulation: The buyer must not be a Trump supporter. She later took the home off the market ...

Southern California housing cools: Sales contracts dip 15%; selling time grows by 3 weeks
Another sign of a noteworthy slowdown in the Southern California housing market: Existing homes are taking three more weeks to sell vs. a year ago, by one industry metric.ReportsOn...

HUD: Facebook’s Ad Platform Is Discriminatory
The Department of Housing and Urban Development is accusing Facebook of violating the federal Fair Housing Act and allowing landlords and home sellers to use the social n...

California lawmakers consider proposal to bring thousands of homes to BART stations
SACRAMENTO — In another attempt to ease the housing crisis gripping the Bay Area, a state proposal to turn some of BART’s vast parking lots into bustling developments w...

Foreclosure Starts Increase in July
July the Third Consecutive Month with an Annual Increase in 15 Percent of Markets;Atlantic City, Peoria, Fayetteville, North Carolina Post Top Metro Foreclosure RatesIRVINE, Calif....

Californians are rich with home equity after market surge. Are you? Here’s how to tell
Boosted by soaring home prices, California homeowners are now sitting on the richest vein of home equity in the nation, hundreds of thousands of dollars per home in most cases, an ...

HOME SEARCHES ARE STRETCHING ON LONGER
House hunters who are actively seeking a home to buy are spending significant amounts of time looking for that perfect space, according to a new poll by the National Association of...

HERE’S WHY AMERICA’S HOUSES ARE GETTING OLDER
The median age of owner-occupied homes as of the most recent Census survey, in 2016, is 37. That’s up sharply from 31 in 2005, according to an analysis from the National Asso...

HOUSING TIPPING BACK TO A BUYER'S MARKET AS SELLERS CUT PRICES
After several years of rich home price gains, the market appears to have found a limit to what people can afford.Sellers are finally responding by lowering prices more often.Approx...

WANT TO LIVE IN A CALIFORNIA CITY WHERE YOUR SALARY GOES FURTHER? MOVE TO SACRAMENTO, STUDY SAYS
Not only is Sacramento’s cost of living lower than in many other metropolitan areas in California, but its strong job market makes the region a top destination for people loo...

HOME REMODELING SURGES 30% IN 5 YEARS
Home remodeling continues to increase in frequency as more Baby Boomers are electing to age in place and even Gen Xers opt to improve their current homes rather than trading up to ...

STUDY DETAILS WHAT CALIFORNIA COUNTIES HAVE HIGHEST CONCENTRATION OF HOMES AT RISK OF WILDFIRE
As wildfires continue to pose an increasing risk to residents of the state of California, some are beginning to worry: How vulnerable is my home?The answer varies signifi...

Mortgage Delinquency and Foreclosure Rates Lowest for May in 12 Years
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Re...

These Bay Area cities are poised to break into the million-dollar home market
A quarter-century ago, it was the murder capital of the United States.Now East Palo Alto is about to become the Bay Area’s latest city of million-dollar homes, a turnabout&nb...

Fast-Paced Luxury Sales Raise Entry-Level Price Point
It’s a good time to be selling high-end real estate: The luxury market is posting a record number of sales, and 19 major areas also saw double-digit gains in July, according ...

Rent control fuels costliest fight on California 2018 ballot
A Los Angeles-based health care nonprofit known for funding controversial ballot measures is waging an expensive battle with the real estate industry over rent control in Californi...

Fannie, Freddie Extend Mortgage Help to Wildfire Victims
Mortgage financing giants Fannie Mae and Freddie Mac announced that homeowners affected by the record-breaking wildfires across California may be eligible to stop making mortgage p...

It just got $5,000 cheaper to buy a home in Sacramento County. Relief for shoppers?
Good news for Sacramento County home shoppers. The median sales price last month dropped by $5,000.In a sign the area’s housing market is softening, the county’s median...

Vegas Shooting Victims to Get Proceeds From Sale of Gunman’s Homes
Two homes for sale in Las Vegas formerly belonged to Stephen Paddock, the man who carried out the deadliest mass shooting in U.S. history. The homes are listed in Mesquit...

The Last Time The Housing Market Did This Was In 2007
Record low mortgage rates have caused an epic boom in housing prices in desirable West Coast housing markets, but the party is about to be over. Rising mortgage rates are a huge pr...

Home affordability hits 10-year low in California. Same goes for Sacramento region
Housing affordability has hit a 10-year low throughout most of California, new data show, as three out of four state residents can no longer afford sky-high median homes prices. Bu...

Big money pours into California’s rent-control initiative
Amid a tense battle over rent control in California, real-estate interests are writing big checks to defeat a November ballot measure that would give cities more power to regulate ...

Zillow Forced to Acquire Broker’s License in Arizona but Won’t Represent Clients
Zillow was recently forced to acquire a broker’s license in Arizona to continue operating Zillow Offers, their platform that facilitates direct homebuying and selling. This d...

Canary in the coal mine? Impac mortgage originations plummet in second quarter
Mortgage interest rates may have fallen ever so slightly in the last week, but on the whole, they’re on the way up and have been for quite some time.And the rising interest r...

Hot Home Trend: Furnishings With Curves
Furniture is getting curvier this year. Softer lines, curves, and rushing are trending in design. Rounded options are pushing out the sharp-edge designs. It can be a nod to the 196...

New Freddie Mac Program Aims to Cap Rent Hikes
Similar to the concept of rent control, Freddie Mac announced a new program to incentivize rental property owners to ease their continuous rent hikes. The mortgage giant is offerin...

4 signs you’re paying too much for that house
Just because some folks can afford to buy a home in today’s competitive market doesn’t mean they can afford to overpay.As housing prices climb, it’s even more imp...

Housing Crash in Southern California is Early Warning Sign to Nation
It seems that the overly tight and competitive housing market is finally catching up to buyers in Southern California cities like Los Angeles, San Diego, and San Bernardino. Sales ...

Zillow Buys into the Mortgage Business
Since arriving on the real estate scene more than a decade ago as an online real estate database company, Zillow held true to that business model focusing mainly on scaling up thei...

Hike in Mortgage Rates Erases Affordability Relief
Borrowers got stuck with higher mortgage rates again this week. The 30-year fixed-rate mortgage climbed for the second consecutive week, averaging 4.6 percent. Mortgage rates are n...

Would Your Neighborhood Score an ‘A’ or ‘F’?
Where are the best neighborhoods for buyers and investors? ATTOM Data Solutions ranked more than 10,000 neighborhood housing markets nationwide using the letter grad...

Four of the top six cities with the most competitive housing markets are in California
Concerns are rising about the potential for a nationwide housing market crash, especially on the West Coast. At least for the moment, a new report suggests that market re...

‘Fair’ vs. ‘Very Good’ Credit: The Impact on Mortgages
Consumers who make efforts to raise their credit scores from “fair” to “very good” may see big payoffs. LendingTree researchers analyzed loan request a...

Has the Inventory Crunch Begun to Subside?
You are hereHome News and Commentary Daily News© brijith vijayan - iStock/Getty Images PlusHas the Inventory Crunch Begun to Subside?ShareFacebook Twitter ...

Sacramento’s economy is booming. But is a recession on the horizon?
 It’s only a matter of time. Job growth and housing prices will falter, unemployment rates will rise and the state budget will start bleeding red ink again. Sacrame...

After the fire comes the bill: The rising cost of fighting California blazes
The state of California has spent $114.7 million so far fighting runaway blazes like the Ferguson and Carr fires, considerably below the high mark of $758 million last year and the...

Soaring real estate values push Southern California property tax roll to $2.6 trillion
Southern California homeowners will see their property taxes rise at the maximum 2 percent for a second straight year, thanks to higher inflation rates and soaring real estate valu...

FHFA Ends Effort on Credit Scoring Overhaul
The Federal Housing Finance Agency announced this week that it is suspending an initiative to update the credit score model used by government-sponsored enterprises Fannie Mae and ...

Migration Patterns Emerge as Buyers Cross State Lines
Many people are moving across state boundaries and migration patterns are growing fairly common in some areas. For example, those who leave California are most likely to move to Te...

Half of All U.S. Homes Are More Valuable than Pre-Recession Peak
SEATTLE, July 26, 2018 /PRNewswire/ -- A decade after the U.S. housing market crashed, half of the country's homes have regained the value they lost during the reces...

Housing Inventory Up In High-Priced Markets
SANTA CLARA, Calif., Aug. 1, 2018 /PRNewswire/ -- Realtor.com® today released its July 2018 monthly housing trend report, which revealed a quiet i...

Homeowners Stand to Save More Than Renters
Owners can often conserve more money once housing costs and living necessities are all covered. However, a new study shows those who rent can barely get by in some cities.PropertyS...

How can a T. rex sell a house? A Mansfield real-estate agent found a way and it's a viral sensation
If you've seen Jurassic Park, you'll notice that dinosaurs are tearing up structures and wreaking havoc.But Mansfield real estate agent Casey Lewis has harnessed the power of ...

eXp Realty President Vikki Bartholomae and COO Mary Frances Coleman Named 2018 Women of Influence by HousingWire Magazine
BELLINGHAM, Wash., Aug. 01, 2018 (GLOBE NEWSWIRE) -- eXp Realty (NASDAQ:EXPI), a subsidiary of eXp World Holdings and the largest residential real estate brokerage by geography in ...

Shopoff Realty Investments 200 Acre Residential Project 'Desert Moon Estates' Receives City Approval
BUCKEYE, Ariz., July 31, 2018 /PRNewswire/ -- Shopoff Realty Investments ("Shopoff"), a national manager of opportunistic and value-add real estate investments, anno...

Where do people get money to buy California homes these days? Often, from mom and dad
When Melanie Gerber started working as a mortgage loan officer in Riverside seven years ago, she didn't see many first-time buyers hitting up their parents for help.Now she sees it...

Housing Bubbles Are More Common Than You Think
Did you know that Los Angeles home prices tanked roughly 20 percent from 1989 to 1996? Or that Toronto had an even worse crash during the same period? With the mortgage rates again...

Beverly Hills Property Listed at $1 Billion Offers Stunning 360-Degree Views of Southern California
A 157-acre plot of land known as "The Mountain" is touted as the finest undeveloped plot of land in Los Angeles. It offers stunning 360-degree views of Southern California, includi...

Stevie Ray Vaughan's Childhood Home in Dallas For Sale
If you are a fan of Stevie Ray Vaughan, you could now own his childhood home. The home, located at 2557 Glenfield Avenue in the Dallas neighborhood of Oak Cliff is listed at $159,9...

Employers eager to hire are waiving requirements; will the housing market see a boost?
According to the Wall Street Journal, the percentage of jobs asking for a college degree fell from 32% to 30% in the first half of this year. Even more significant has been th...

Home prices rising at least twice the rate of inflation
Home prices increased 6.4% in May, the same annual increase that was seen the month before, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index,...

The State of the Nation’s Housing 2018
The U.S. housing market continues to be plagued by a lack of supply of homes for sale. Months of supply available for sale is a key measure of housing supply, and is at levels that...

Homeowners Raise the Bar on ‘Poolscapes’
Offering all the amenities of a world-class resort and all the kick-off-your-shoes comforts of home, poolscapes are blending the lines between the indoors and the outdoors in a big...

Here are the top 5 mortgage servicers
Despite recent technological advancements in the mortgage industry, servicers continue to fall behind in an already lagging industry.The latest survey from J.D. Power sho...

Politico: FHFA Director Mel Watt under investigation for alleged sexual misconduct
On Friday, news broke that Federal Housing Finance Agency Director Mel Watt is under investigation for alleged sexual misconduct.According to an article from&nb...

Millennials Conquer the American Dream of Homeownership
It’s no secret that millennials have met their fair share of challenges on their path to homeownership. What are the key economic events impacting them and what does the futu...

Surviving the Inventory Crunch
Shannon Brien, broker-manager at The Douglas Realty Group in Cary, N.C., says their clients are at the mercy of ultra-low housing inventory. Building permits were down 20 percent y...

Single-Family Rentals Remain in Demand
Low inventories of rental homes as well as strong job growth are fueling increases in single-family rent prices, CoreLogic reported Tuesday.U.S. single-family rental prices rose 2....

An Oceanfront Penthouse at the Grand Cayman Ritz-Carlton
Listing of the DayLocation: Georgetown, Grand Cayman Price: $10.5 millionThis luxurious beachfront apartment, on the top floor of the seven-story North Tower at the ...

The hottest housing market in the US is up 13% and now may be headed for a crash
Seattle-area real estate agent Jerry Martin said he first entered the business in 1977, which means he remembers the days of double-digit mortgage rates and multiple booms and bust...

4 States Sue Federal Gov’t Over Property Tax Overhaul
New York, Connecticut, Maryland, and New Jersey lawmakers are suing the federal government over a tax reform bill that put a cap of $10,000 on certain state and local tax deduction...

3 Bathroom Trends Homeowners Might Want to Avoid
Bathroom makeovers can help enhance a property, but homeowners should be careful not to be too trendy or it may have the opposite effect. HouseLogic detailed several recent ba...

Fed still expected to raise rates after criticism from Trump
Despite recent criticism of the rising interest rate environment, the Federal Reserve is still expected to raise rates twice more in 2018.Late last week, President Donald...

Ocwen reports 'higher-than-hoped' $30 million loss
Overall in 2017, the company reported a net loss of nearly $130 million, its fourth straight year of losses more than $100 million.After seeing five straight quarters of ...

Black, Hispanic homeownership rates fall in second quarter
The homeownership rate increased to 64.3% in the second quarter, up just slightly from 64.2% in the first quarter and from 63.7% in the second quarter of 2017, accor...

Sky-High Home Prices Shatter Ceiling Again
Ongoing inventory shortages helped to push the median sale price for existing homes to another all-time high in June, the National Association of REALTORS® reports. The median ...

Breaking Down Home Maintenance: The Costs, Timelines
The cost to maintain a home is something financial experts recommend budgeting for early on, in preparation for choosing which house to buy. On average, homeowners spend ...

The Cost of Selling Without a Real Estate Agent
You’ve heard of buyer’s remorse; but without your market expertise and sales skills to back them up, sellers who choose to sell their home on their own just may experie...

Senate Democrats unveil sweeping rent reform proposal
Increasing rent prices leave many American families struggling to afford housing, but Senate Democrats have introduced new legislation to help alleviate that stress.The Rent Relief...

Housing Is the Least Affordable in 10 Years — Here’s What’s to Blame
Stop us if you’ve heard this before: housing affordability is stretched — and getting worse.(If that doesn’t sound familiar, read more here, here, ...

More executive changes at Equifax: Former interim CEO to lead U.S. information business
It’s been a bit of a revolving door amongst senior management at Equifax ever since the massive data breach that exposed the personal information of nearly 148...

What Trump's Proposed Government Overhaul Means for Home Buyers
President Donald Trump's sweeping plan to shrink the government could have a very real impact on the housing market, particularly for lower- and middle-income buyers seeking mortga...

Many Owners Lack Sufficient Insurance to Cover Disasters
Many homeowners have limits on their home insurance policies that are too low to cover the full cost of repairing or rebuilding in case of a natural disaster—and the problem ...

Housing finance reform’s gridlock problem: Affordable housing
The National Housing Conference has been defending the American Home since 1931 when Mary Kingsbury Simkhovitch, a New York City social worker and policy reformer, formed the first...

Homes Sales Slow as Housing Supply Takes Surprise Turn in Q2 2018
The most competitive, tightest housing market in decades may finally be loosening its grip, and that could put pressure on overheated home prices. The supply of homes for sale in t...

Home Shoppers Get ‘Extra Time to Find the Right Home’
Mortgage rates dropped slightly this week, but overall, they were mostly flat, offering some temporary relief to borrowers.Mixed economic data this week prompted mortgage rates to ...

What’s worse than assembling furniture? The current mortgage lending process
In the past, shoppers had to take separate trips to the butcher, baker, and market to find and gather the ingredients they would need to prepare a meal.Then, supermarkets were born...

Surfer’s Paradise on England’s Coast Boasts Roof Garden, Solar Panels
A sun-filled, surfer’s paradise has hit the market on the white sandy beaches of England—and yes, you read that right.While competitive English surfers hit the pinnacle...

China's Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad
The chives growing in one crypto tycoon's California mansion carry a hidden message.Guo Hongcai, a beef salesman turned early bitcoin adopter from China's Shanxi province, is one o...

Federal Court Says FHFA Structure Is Unconstitutional
A federal appeals court in Texas has ruled that the leadership structure of the Federal Housing Finance Agency—the caretakers of Fannie Mae and Freddie Mac—is unconstit...

Richard Branson wants people to stop making poor financial decisions
And his investment arm is putting some capital behind him in order to do so.Tech startup LoanSnap recently raised $8 million in Series A financing led by True V...

At Emirates Hills in Dubai, More is More
The mansion-filled enclave of Emirates Hills is home to an abundance of trophy homes that rival one another in splendor and luxury. The fronts of the houses are designed to give ma...

How To Become A Real Estate Investor With Just $5,000
Most people have considered some sort of real estate investment, but many feel they don’t have the capital to make a decent profit. While low capital certainly limits options...

Builder Confidence Stays at Healthy Level in July
Builder confidence in the market for newly-built single-family homes remained unchanged at a solid 68 reading in July on the National Association of Home Builders/Wells Fargo Housi...

Caliber Home Loans rolls out jumbo loans with 5% down and no mortgage insurance
Earlier this week, it was Verus Mortgage Capital, a correspondent investor that offers residential non-prime lending solutions, and Eave, a jumbo mortgage lender in Color...

NAR Applauds Introduction of 21st Century Internet Act
NAR issued a statement commending Rep. Mike Coffman for his introduction of the 21st Century Internet Act. Rep. Coffman’s bill comes in response to the Federal Communications...

Housing Starts Fall 12.3 Percent as Tariffs Draw Increased Concern
Total housing starts fell 12.3 percent in June to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from the U.S. Department of Housing and ...

The Ideal Age for First-Timers to Buy
Apparently the magic number for first-time home buyers is 28. That’s the average age that most Americans think a person should be when they buy their own home, according to a...

Loan Demand Dips as Housing Shortages Abound
Buyer demand may be high but tight inventory is keeping that demand from translating into sales. And with fewer choices of homes for sale, some buyers are retreating. Mortgage appl...

Do Elections Hinge on Mortgage Rates?
Changes in the availability of mortgage credit can impact voting patterns in presidential elections, according to a new paper by researchers Alexis Antoniades of Georgeto...

Home Tours Are Happening Through Video Calls
The majority of home shoppers will want to see a place in person before they buy, but some house hunters are increasingly relying on video call tours—through Apple’s Fa...

The Secret to Kitchen Envy: A Stylish Island
Home buyers love kitchen islands. It’s become a gathering spot for not just cooking but also eating, working, and socializing. As the island continues to gain stature in kitc...

15 Surprising Real Estate Trends Impacting 2018
This year has been one of twists and turns for the real estate market. As with every real estate year, the market can shift in an instant. For this reason, real estate professional...

June’s Hottest Housing Markets Offer Some Surprises
Californian cities no longer dominate realtor.com®’s top-performing housing markets list as they have for the past six years. Instead, higher home prices may be prompting...

San Francisco house prices grew the fastest ever in the first half of 2018 as the tech boom shows no signs of slowing
The average price of a house bought in San Francisco rose by $205,000 in the first half of 2018, the largest six-month increase in history, according to MLS data compiled by local ...

3 Vintage Kitchen Designs Making a Comeback
Several vintage and retro elements from the 1960s or even 1930s are oozing back into kitchen design. Realtor.com®’s Jamie Wiebe recently highlighted a few of these comeba...

HUD grants $43 million in effort to end youth homelessness
Awards money to 11 local communitiesIn an effort to end youth homelessness, HUD announced it is awarding $43 million to 11 local communities. These communities include five rural a...

Which tech company’s workers can afford to rent in SF?
Who can afford to rent in SF? Assuming that “afford” means spend no more than 30 percent of monthly income on housing—a naive standard in 21st century Bay Area, b...

Online lenders struggle with cost of originations
But investors grow more comfortable as market maturesThe cost to originate a mortgage increased significantly in 2018, and that increase now threatens even nonbank online lenders. ...

3.6 million fewer families with kids own a home compared to 10 years prior
The big fallout during the housing crisis followed by air-tight lending rules, an alarming shortage of entry-level homes, and skyrocketing home prices are the main items on a long ...

Senate looks to fix “broken” credit reporting system
Here are some actions Congress can takeThe Senate Committee on Banking, Housing and Urban Affairs held a hearing Thursday morning on “An Overview of the Credit Bureaus and th...

Zillow: Housing Affordability at Worst Levels Since 2009
Affordability in the housing market is at its lowest point since 2009. A combination of high home prices, rising mortgage rates, and inadequate housing supply are creating an extre...

Refinancing Drops to 20-year Low as Rates Hover Above 4.5%
Mortgage interest rates took a sizable downturn last week, but it wasn’t enough for homebuyers to refinance. Overall mortgage applications fell 0.5% and refinance application...

Here are 5 reasons the Millennial homeownership rate is low
For years, several factors have been tossed around such as high home prices, fear over the last housing crisis, delays in family formation and even student loans as reasons why the...

Sales of Luxury Homes Across the U.S. Up 25% in June
Demand for luxury real estate skyrocketed in June, as sales of homes valued at $1 million and up rose 25% compared to the same time last year, according to Realtor.com’s...

Owner and Appraiser Opinions of Home Values Closest to Alignment Since 2015
Appraisal values and what homeowners expected them to be are at their closest point since February 2015. The National Quicken Loans Home Price Perception Index reported that the av...

Affordability Moves Hot Markets Eastward from the West Coast
SANTA CLARA, Calif., July 5, 2018 /PRNewswire/ -- The nation's hottest markets are increasingly scattered throughout the country instead of dotted along its pricey w...

Momentum in Consumer Housing Confidence Slows
Matthew ClassickWASHINGTON, DC – The Fannie Mae Home Purchase Sentiment Index® (HPSI) fell 1.6 points in June to 90.7 after reaching new survey highs in April a...


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