The current financial landscape is witnessing a surge in mortgage rates, with a standard 30-year fixed loan hitting 8%. This abrupt increase has left many homeowners and potential buyers wondering about the factors driving these changes and what the future holds for mortgage rates. In this blog ... » Learn More about Navigating the Rising Mortgage Rates: Understanding the Factors at Play
economics
Questions For Homeowner’s Associations, and Information You Need To Know Before Buying
Understanding elements when buying, or owning a property under the jurisdiction of a Homeowner's Association (HOA) is critical. This is way more than "How much are the HOA dues?" It can affect quality of lifestyle, or the economic viability of the unit. I always tell buyers when you own a ... » Learn More about Questions For Homeowner’s Associations, and Information You Need To Know Before Buying
Key Interest Rates, Mortgages, and the Federal Reserve’s Ongoing Actions
As the economy continues to recover from the impact of the pandemic, the Federal Reserve is taking measures to address inflation and manage economic momentum. With expectations of another 0.25% increase in the Fed Funds Rate, we are witnessing a gradual shift away from the 0% rate of April 2022. In ... » Learn More about Key Interest Rates, Mortgages, and the Federal Reserve’s Ongoing Actions
Is Insurance Becoming the Housing Market’s Achilles’ Heel?
In recent times, insurance costs have been skyrocketing, leading to significant concerns within the real estate market. While some attribute this surge to "greedy insurance companies," there are various factors at play, including wildfires, floods, inflation, and delays from regulatory bodies like ... » Learn More about Is Insurance Becoming the Housing Market’s Achilles’ Heel?
All Indices Show Appreciation – Los Angeles Housing Prices Surge in 2023
The housing market in Los Angeles is experiencing a remarkable upswing in 2023, with all primary housing price indexes indicating strong appreciation. This surge is attributed to various factors, including constrained housing inventory and a recovery from the market bottom in November 2022. In this ... » Learn More about All Indices Show Appreciation – Los Angeles Housing Prices Surge in 2023