When the Federal Reserve increased the Fed Rate from 0% to .25% in December, Fed Chair Janet Yellen indicated the Fed expected four rate increases during 2016. What's happening so far in 2016 is a perfect example of what I was conveying in my blog in September "Fed Rate and Affect on Mortgage Rates ... » Learn More about Mortgage Rates Drop A Lot! Federal Reserve Was Way Off Base in December
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California Housing Market at a Glance
The California month over month home sales jumped almost 10%. That was to be expected because the November sales dropped due to the new Truth in Lending, RESPA, Integrated Disclosures (TRID) delaying closings. The Affordability Index has been hanging in there and not being affected by the 8% ... » Learn More about California Housing Market at a Glance
A Graphical Breakdown on a Credit Score
Unfortunately 74% of college students don't know their credit score. Everybody as a minimum should be checking their credit report at least once a year, especially before a major purchase. Here is a graphical breakdown on credit scoring. If you are in the Los Angeles region, have any questions ... » Learn More about A Graphical Breakdown on a Credit Score
Where New Bubbles are Being Formed, and the Affect on the Housing Market
As a follow up to the presentation “The Big Short, the Housing Bubble and Subsequent Mortgage Meltdown Explained", this presentation will cover the history of governmental policies, where new bubbles are being formed, and the future of the local housing market. Ron Henderson President / Broker ... » Learn More about Where New Bubbles are Being Formed, and the Affect on the Housing Market
Porter Ranch Aliso Canyon Natural Gas Storage Malfunction
The Aliso Canyon gas leak has turned into a major issue for the northern part of the San Fernando Valley. The Aliso Canyon field has been a natural gas storage field since the oil reservoir was depleted in 1972. There are 115 storage wells on the site and covers 3600 acres of land with 86 billion ... » Learn More about Porter Ranch Aliso Canyon Natural Gas Storage Malfunction