Monday, October 07, 2013

Housing Will Strengthen in 2014

Housing Will Strengthen in 2014
Despite many headwinds, the housing recovery is expected to pick up in the next year.
“The cards are in play for a decent and fairly strong recovery in 2014 and particularly in 2015,” says David Crowe, chief economist for the National Association of Home Builders. "From the standpoint of GDP growth, housing has been a plus, growing at two, three, and four times the rate of the rest of the economy in recent quarters."

Monday, September 30, 2013

Sunday, August 04, 2013

Freddie Mac: Mortgage rates up this week; 30-year loan averages 4.39%,0,3975927.story

Fixed mortgage rates moved higher this week after two weeks of declines, with the widely watched Freddie Mac survey pegging the average rate for a 30-year home loan at 4.39%, up from 4.31% last week (LA Times)

Rapid home price gains will slow

Home prices have been seeing rapid gains in recent months, but don't expect that to continue.

Monday, July 01, 2013

Will Rising Rates Lead to Buyer Rush?

Will Rising Rates Lead to Buyer Rush?

Mortgage rates soared to a two-year high last week, rising by the largest pace since 1987. Freddie Mac reported the average 30-year fixed-rate mortgage climbed from 3.93 percent to 4.46 percent last week. Some economists are predicting 30-year rates to climb to 4.5 percent and 5 percent over the next 12 months, following the Federal Reserve’s recent announcement that it will soon end a program that has kept interest rates near all-time lows for months.

Daily Real Estate News

Tuesday, June 04, 2013

Fabulous new Listing: 25900 Oak Street, #123, Lomita, CA., 90717

NOW IN ESCROW.....Fabulous new Listing: 25900 Oak Street, #123, Lomita, CA., 90717  $440,000

Very upgraded 3 BR / 2.5 Bath, 1488 SqFt
End Unit with a 2 car Garage and Extra storage
See this fabulous property by clicking here...

Friday, April 26, 2013

REALTORS® Urge Preserving Homeownership Tax Policies

As Congress pursues comprehensive tax reform it should focus on doing no harm to housing and America’s 75 million homeowners by maintaining current tax laws for homeownership and real estate investment, the National Association of REALTORS® said in testimony yesterday.
NAR President Gary Thomas testified before the U.S. House Ways and Means Committee concerning Federal tax provisions that affect residential real estate. Thomas said that homeownership has had long-standing support in the country because of its many benefits to individuals and families, communities and to the nation’s economy...

Friday, March 08, 2013

Where Are Home Prices Heading Through 2017?

Home prices are expected to continue their trajectory upward, projected to rise 3.7 percent between the third quarters of 2013 and 2014, according to Fiserv, which used data from the Federal Housing Finance Agency for its projection.
Following the third quarter of 2014, Fiserv predicts home prices to rise an average 3.3 percent annually over the next three years.