Over a year ago when Zillow started getting into the home buying and flipping business I said wait till the market turns down and watch them take a hit. It didn’t take that long. The real estate market is still solid, and they blew up. Real estate is very local. Zillow’s perception that they ... » Learn More about Zillow’s House Flipping Business Blows Up, What Does That Mean For The Housing Market?
What the Higher Conforming Loan Limits Means For New Mortgages
Some of my wholesale lenders are being aggressive and funding conforming loans on a higher conforming maximum loan limit of $625,000 for a one-unit property, which is $75,000 above the current FHFA limit of $548,000.The new limits generally are released for Freddie and Fannie loans by the Federal ... » Learn More about What the Higher Conforming Loan Limits Means For New Mortgages
The Fed Preps Us For Rate Increases
After their September 22nd meeting, the Federal Reserve left the Fed Funds Rate at 0-.25%, and the quantity of Bond and Mortgage Securities purchases intact at $120B per month... But they signaled that they feel comfortable scaling back on their bond purchases by the end of the year. The bond and ... » Learn More about The Fed Preps Us For Rate Increases
The True Los Angeles Real Estate Appreciation – After Inflation
We’ve all seen the real estate prices jump substantially over the past year and a half. Every month locally and nationally prices are making new record highs. But realistically if you don’t take into account inflation, you wouldn’t know where the prices are historically. 10 cent coffee and 25 cent ... » Learn More about The True Los Angeles Real Estate Appreciation – After Inflation
Mortgage Rates Still Great… For Now
The Federal Reserve has been setting the stages for tapering their purchasing of mortgage backed securities using Quantitative Easing (QE). Their purchasing of gov’t notes and mortgages have kept interest rates at artificially lower levels to compensate for the economic effects of the pandemic ... » Learn More about Mortgage Rates Still Great… For Now