Real Estate

Sept. 25, 2020

There’s a pandemic, but Southern California home prices are at record levels

In the middle of a global pandemic, Southern California home prices keep setting records.

The six-county region’s median price reached $600,000 in August, up 12.1% from a year earlier, according to data released Wednesday by DQNews.

That was the largest percentage increase since 2014 and the third consecutive ...

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Sept. 24, 2020

1M Delinquent Homeowners Haven’t Asked for Forbearance

Homeowners who have failed to take advantage of pandemic-related mortgage assistance may be at risk of losing their properties. A little more than a million owners nationwide are at least 30 days past due on their monthly payments and haven’t entered a forbearance program or engaged their lender about some ...

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Aug. 21, 2020

Refinancing your mortgage isn't always the right move

Here are plenty of reasons to refinance your home — better rates, lower monthly payments, and getting rid of private mortgage insurance are just a few of them.

But there are times when refinancing isn't the best financial decision. Darrin English, Senior Community Development Loan Officer at Quontic Bank ...

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Aug. 19, 2020

4 Tips for Choosing a Real Estate Agent

Whether you're buying or selling a home, choosing a real estate agent is one of the most important decisions you'll make. A great agent has your best interests at heart, understands the market and works to get you the best deal. 

Finding one who fits your needs ...

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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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