Tips for Homeowners in Wildfire Zones

After several years of record-breaking California wildfires, insurance companies have responded by imposing huge premium increases on property owners, or even worse, flat-out denying coverage and canceling policies. Here are some tips to help property owners maintain their current insurance … Read More

Daily Rate Update: November 4th-8th

Friday – November 8, 2019 Redfin reports that the luxury housing market stabilized in the third quarter after a weak first half in 2019. The average sale price for luxury homes nationwide rose 0.3% year over year to $1.6 million … Read More

Daily Rate Update: October 28th-November 1st

Friday – November 1, 2019 And the survey says … 128,000 jobs were created in October, nicely above the 80,000 expected. Adding to the positive tone, were strong upward revisions to both August and September, where another 95,000 jobs in … Read More

Mortgage Rate Volatility

The housing industry is experiencing mortgage rate volatility. After a string of weeks of lower mortgage rates, this recent week the fixed rate for a 30-year mortgage rose to 3.75%. That is 6 basis points above last week’s 3.68%. These … Read More

Daily Rate Update: October 21st-25th

Friday – October 25, 2019 There will be several hurdles for the US financial markets to jump and for investors to digest next week. The ADP Private Payrolls Report and the government’s Jobs Report, both for October will be delivered. … Read More

There Are Not Enough Houses On The Market

A recent report from Zillow reads that housing inventories continue to decline as supply can’t keep up with demand. After a weak recovery in inventories earlier in the year, the situation has gotten worse as for-sale inventory tumbled in September. … Read More

Daily Rate Update: October 15th-18th

Friday – October 18, 2019 A recent report from Zillow reads that housing inventories continue to decline as supply can’t keep up with demand. After a weak recovery in inventories earlier in the year, the situation has gotten worse as … Read More

It’s Just The Facts: September 2019

A NEW HIGH – After adjusting numerical data from the past for the impact of inflation, the median household income in 2018 ($63,179) is the highest ever recorded in the USA and the 3rd consecutive year (2016-2018) that produced an … Read More

Daily Rate Update: October 7th-11th

Friday – October 11, 2019 Given the low mortgage rate environment home buyer appetite has increased leading to a shortage of homes for sale on the market. Realtor.com reports that during September, the national inventory of homes for sale declined … Read More

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