Real Estate

June 24, 2020

Home Projects With the Highest Returns

Beautiful house with nice lawn

If you’re spending time and money to renovate your house, choosing which projects are worth it should be a top priority. You want to recoup some of your costs, don’t you?

Many upgrades could improve a property’s aesthetics or make it a better fit for your family. But not all ...

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June 22, 2020

Spotting appraisal deficiencies

number 2 pencil

For home sales contingent on financing, the appraisal has the potential to derail the entire sale — or validate the price, cinching mortgage approval.

When an appraisal comes in below the price the buyer and seller agree to, this is known as a low appraisal. The mortgage lender will not ...

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June 19, 2020

How to Stage without Breaking the Bank

staging a house for sale

It is almost universally agreed that staging a home is a crucial part of getting a property sold quickly and for the highest possible price. Research has shown that nearly half of real estate agents believe staging increases a home’s value, and more than half believe it decreases the amount ...

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June 17, 2020

2020 ballot initiative seeks to expand rent control in California

2020 ballot initiative seeks to expand rent control in California

Rent control — the controversial solution to California’s rental shortage and rapidly escalating rents — is up for debate again.

Rent control keeps rents from rising beyond the financial abilities of long-term tenants. In theory, rent control creates more stable neighborhoods since tenants won’t be forced out due to rising rents ...

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June 15, 2020

National Market Update Week of June 15, 2020

The Mortgage Bankers Association pegged purchase applications up for the eighth straight week, coming in 13% higher than a year ago, noting “the recovery in the purchase market continues to gain steam.”

On a deep dive since March, Fannie Mae’s Home Purchase Sentiment Index finally turned higher ...

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June 9, 2020

Will home prices remain inflated in 2020, despite the recession?

supply and demand signs

As job losses pile on and home sales slow, it’s becoming clear that California real estate professionals have a front row seat to the 2020 recession.

31% fewer home sales occurred in April 2020 compared to the same month a year earlier, translating to a significant drop of 12,000 ...

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June 2, 2020

Inheriting Property? You Can Inherit Low Property Taxes Too

Parent-Child and Grandparent-Grandchild Exclusions

Via assessor.lacounty.org

One of the most valuable property tax savings programs in California is the Parent-Child Exclusion, also called a Parent-Child Transfer or Prop. 58.

This program allows a child or children to inherit or buy their parent(s) property and inherit their lower property tax payments by ...

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May 11, 2020

Buyers coming back

NATIONAL MARKET UPDATE

Last week, purchase mortgage applications increased 6% nationally, up for the third week in a row. Versus a year ago, purchase applications are down 19%, but climbing back, demand now within 15% of pre-shutdown levels. 

Fannie Mae projects low mortgage rates will send refis through ...

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April 29, 2020

Loan applications for home purchases jump 12%

(credit : iStock)

Home loan applications dropped last week as refinancing requests waned but requests for purchases showed a healthy gain.

The Mortgage Bankers Association’s index measuring home loan application volume slid 3.3 percent, seasonally adjusted, for the period ending April 24 from the week before. But one element of ...

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March 27, 2020

First-time homebuyers prefer lower interest rates to bigger tax breaks

money market low interest rates mortgage

Forget a two-car garage and a white picket fence — first-time homebuyers want lower interest rates.

A recent Redfin survey of homeowners who purchased their first home within the prior 12 months found lower interest rates were highest on first-time homebuyers’ wish lists. Of the first-time homebuyers surveyed about what ...

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