By Candyd Mendoza Housing in California has become more affordable in the first quarter due to low mortgage interest rates, higher income levels, and cooler home prices this spring, the California Association of Realtors said. CAR’s Traditional Housing Affordability Index (HAI) showed that 32% of homebuyers could afford to purchase a median-priced, existing single-family home [...]
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Written by Zach Friedman It's no secret that credit card debt is expensive. Don't have a game plan? Here are 4 steps to pay off credit card debt faster. Step 1: Organize your credit cards Quick exercise: if you have multiple credit cards, write down the balance and interest rate on each card. Let's assume [...]
Written by Housing Wire Mortgage giant Fannie Mae released guidance Wednesday with new policies on how lenders can originate mortgages during the government shutdown. The government partially shut down after Congress and the president failed to pass a new funding bill before the holidays, and now, 12 days later, that shutdown continues. Before leaving for [...]
Written by Dante Disparte It seems fitting that a year as turbulent as 2018 ends at the edge of chaos. The month of December, a period where business and markets are usually buoyed by retail hangovers from the holiday shopping season, has produced nothing less than economic and political pandemonium in the U.S. and shockwaves [...]
Written by Real Deal Just before the 2008 financial crisis, Fir Tree predicted that homeowners would keep making mortgage payments even as the value of their homes plummeted. That bet has paid off. The hedge fund has made $2.6 billion, roughly half of which came from homeowners making payments on underwater mortgages, the Wall Street [...]
Written by Michele Lerner In yet another sign of a slowdown in the national housing market, the number of homes that were flipped — sold within one year of purchase — declined by 12 percent during the third quarter of 2018, compared with the third quarter of 2017, according to a new report by ATTOM [...]
Written by Diana Olick Mortgage applications to purchase a newly built home dropped 11 percent in November, compared with a year ago, according to the Mortgage Bankers Association. Given the drop, MBA economists predict that sales of newly built homes in November fell 5 percent annually. Those numbers will be reported at the end of December [...]
Written by Diana Olick You probably already know that a widespread housing shortage, especially in California’s cities, has become one of the state’s most intractable problems. If you can’t afford to live close to your job, you have to spend more time on the road. And if you have to spend time on the road, [...]
Written by Forbes Real Estate Council CommunityVoice Developing or investing in the real estate market can be financially rewarding. Yet, finding success in the market requires knowledge about the liabilities inherent with any real estate or property-specific work. There is perhaps no better way to gain the information you need than by speaking with those within [...]
