I've blogged plenty on how the Federal budget deficits will keep interest rates higher, but we're also hitting a wall with the aging population and a Social Security deficit. The longer the powers that be in Washington delay making changes, the more radical the adjustments will have to ... » Learn More about Can We Save Social Security? Bipartisan Proposals You Should Know
Regulations and Laws
Weighing the Options: Is Paying More on Your Mortgage Right for You?
When mortgage rates were forced artificially low during the COVID period, I had to have serious conversations with clients on if they should pull extra cash out with a refinance if they’ll have an economic need for that money in the future. This was because they weren’t going to be awarded that low ... » Learn More about Weighing the Options: Is Paying More on Your Mortgage Right for You?
Why Recent Underwriting Decisions on Mortgage Originations Are More Difficult
The mortgage underwriting landscape has become increasingly challenging, primarily due to the pervasive impact of buybacks and other market conditions. Underwriters (UWs) are now facing a myriad of pressures and obstacles that complicate their decision-making process. Here's a detailed look at why ... » Learn More about Why Recent Underwriting Decisions on Mortgage Originations Are More Difficult
San Fernando Valley Real Estate Market Update March 2024
The mortgage rates have had gyrations over the past few months, presently just under 7% for the 30-year fixed. The buyer base is getting accustomed to the higher rates, but rates still affect the affordability, especially when paired with the property values going up. In a normal housing ... » Learn More about San Fernando Valley Real Estate Market Update March 2024
How The Real Estate Sales System Will Change Post NAR Settlement – Pros and Cons
The real estate business model, how buyer and seller representation is constructed, commissions paid, and transactions negotiated is presently in a period of transition. I’m not going to get into the weeds on the seller and buyer lawsuits, the DOJs reneging on a prior negotiated agreement, etc. ... » Learn More about How The Real Estate Sales System Will Change Post NAR Settlement – Pros and Cons