How will California’s Proposition 19 impact property taxes? Realtor-supported effort may free up housing inventory in the Golden State Housing Wire Daily November 19, 2020, 3:09 pm By Tim Glaze A slim majority of California residents voted in favor of Proposition 19 on Election Day, green-lighting a motion that gives new property tax breaks to older homeowners […]
Category Archives: Featured
The Best Real Estate Investments for Your Money This Year
The Best Real Estate Investments for Your Money This Year By Candice Elliott Updated on September 2, 2020 Listen Money Matters is reader-supported. When you buy through links on our site, we may earn an affiliate commission. How we make money. TABLE OF CONTENTS When many people think about investing, they think of the stock market. […]
Mortgage rates set another record low, sparking new strength in refinances
Mortgage rates set another record low, sparking new strength in refinances PUBLISHED WED, OCT 7 20207:00 AM EDTUPDATED WED, OCT 7 20206:12 PM EDT Diana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICK KEY POINTS Refinance volume surged to the highest level since mid-August as mortgage rates dipped to 3.01%. Refinances jumped 8% last week and were 50% higher than a year […]
San Francisco rents plunge, showing strain from pandemic and wildfires
San Francisco rents plunge, showing strain from pandemic and wildfires PUBLISHED THU, OCT 1 202012:30 PM EDTJessica Bursztynsky@JBURSZ KEY POINTS Rent prices continued to plunge in big U.S. cities last month, with San Francisco leading the decline, according to data from Zumper, a real-estate start-up. In September, the median rent for a one-bedroom apartment in […]
Coronavirus pandemic fuels affordability crisis for homebuyers
PUBLISHED THU, SEP 24 20207:00 AM EDTUPDATED THU, SEP 24 20207:00 AM EDT Diana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICK KEY POINTS The median home prices of single-family homes and condos in the third quarter are less affordable than historical averages in 63% of U.S. counties, up from 54% a year ago, according to Attom Data Solutions, a property data-base. […]
Pandemic may lead to foreclosure crisis, CoreLogic says
Millions of American families could lose their homes amid COVID-19 pandemic, report says Housing Wire – September 9, 2020, 5:22 pm By Kathleen Howley A surge in the share of mortgages 90 days or more overdue in June is a signal the U.S. could be heading toward a foreclosure crisis, according to a CoreLogic report on Wednesday. The share […]
California’s luster seems to be dimming
The Future of California Real Estate: Can the Golden State Survive? Realtor.com | By Clare Trapasso | Sep 3, 2020 Creative-Family/Getty Images California has long captured the nation’s imagination with its promises of the rich life, from the days of the gold rush to the rise of Hollywood and its star-making machine, to today’s booming tech sector. With its […]
In coronavirus housing market, ‘better to be seller than buyer’
Fox Business – Published August 15, 2020 In coronavirus housing market, ‘better to be seller than buyer’ Home prices rose this spring in 96% of U.S. metro areas How coronavirus is changing real estate Brown Harris Stevens CEO Bess Freedman discusses how the coronavirus pandemic is changing home purchases. While the number of Americans buying homes is increasing as […]
The 2020 San Francisco exodus is real, and historic, report shows
The 2020 San Francisco exodus is real, and historic, report shows By Andrew Chamings Published 11:34 am PDT, Friday, August 14, 2020 Photo: Zillow Real estate inventory change from February to July 2020, in metro area and city proper. A new report confirms what many have been talking about for weeks: There is a mass exodus out of […]
Mortgage Rates Fall After Stalemate in Washington
By Matthew Speakman on Aug. 5, 2020 (zillow.com) Mortgage rates moved notably downward this week, as a stalemate in Washington dampened investor sentiment. Recently, downward pressure on mortgage rates has been consistent, but a combination of factors — including increased demand from borrowers and reluctance from lenders to push rates lower – had kept them afloat. […]