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In a recent study I found that the number of homes that sold (sales volume) decreased from the two-month period of September 27 th to November 27 th of 2022 vs the two-month period of September 27 to November 27…

Here’s a new twist on an old product… Assumable loans. FHA (Federal Housing Authority) and VA (Veterans Administration) backed mortgages can be assumed as long as the borrower qualifies. An estimated 14 million mortgages (64 % of mortgages) were refinanced…

A 2-1 buy down helps home buyers save money on their mortgage payments for the first two years of their note/mortgage. Here is an example: We’ll say the prevailing interest rate is 7.25%. This (7.25%) is the interest rate that…

This question comes up often. Sometimes, it feels like we’re going for a ride or… are we just along for the ride. Because, we don’t have any control over what the federal reserve is doing with interest rates and ‘the…

Home Sales vs Home Prices: As mentioned in an earlier newsletter, the elevated mortgage rates and limited housing supply are suppressing home sales in California (and across the nation). Let’s not confuse the number of home sales with the price/value…

What is a NORMAL Housing Market Anyway?  I’ve been in the real estate business since January 1995 (when I got my license) and as much as I can tell, the real estate market is constantly changing.. According to the sources…

Can I get Fire Insurance for my home?  Good question in California. State Farm was the most recent insurance carrier to stop accepting homeowner insurance applications in CA. (citing the growing risk of fire damage and the rising cost to…

Spring Market Heating Up: With all the wet weather and cold temperatures earlier this year, the spring housing market was a little late getting started. As you will see, there is much more activity and home prices are on the…