Welcome to the Monthly Market Update for January 2020! As you all are aware: the market data for each month is not released until the end of the subsequent month, so here we are taking a look at how the year is starting off – and I’ve got to say things are looking like they will become even […]
Welcome to the Monthly Market Update! In this brief (recurring) segment I will attempt to keep you apprised of changes in the housing market in Greater Los Angeles County. I research the market constantly and I see no reason why I shouldn’t share my findings with all of you! So, feel free to follow along […]
Evaluate your personal financial health, before applying for a mortgage loan. Actually, your disposable monthly income versus your total monthly financial liabilities will very much decide the amount of mortgage a lender may be willing to offer you. So, you need to know the math about home affordability, before you buy a house. Tips to […]
The story for this month, in finance, is one foretold. Nay, it is a continuation of a story that has been unfolding for several months now. It is a classic good vs. evil battle, and the characters are “all-time low interest rates” and the “inability to access funds”.
Homebuyers are more aware of not only what is in their reach but more so what they want. Credit can be given to modern era of internet research and media that brings homebuyers to have expectations with their service providers especially with thousands of them in the real estate market alone.
The federally funded ‘Keep Your Home California’ Program will soon begin efforts to help distressed homeowners. The federal agency that oversees Fannie Mae and Freddie Mac has hesitated to approve the program passing yet sees this as a way to provide a sustainable mortgage payments.
Charles “Ed” Haldeman Jr. Steps Down! Freddie Mac’s Chief Executive Officer, Charles “Ed” Haldeman Jr., will be stepping down from his position by the end of the year. This unforseen, and frankly shocking, turn of events has led to much speculation regarding why he is stepping down. While the specifics aren’t yet known, and Mr. […]
U.S. home builder sentiment rose more than expected in July but remained near historic lows, the National Association of Home Builders said on Monday. The NAHB/Wells Fargo Housing Market index rose to 15 in July after falling to a nine-month low of 13 in June, the group said in a statement. Economists polled by Reuters […]