A new piece of bipartisan legislation, H.R. 4893, the Risk Management and Homeowner Stability Act has been introduced. Congressman Mark Sanford (R-SC), joined by Congressmen Brad Sherman (D-CA) and Randy Neugebauer (R-TX), is seeking to amend the Budget Control Act of 1974. H.R. 4893 ensures that ... » Learn More about Success – Bill to Prohibit a Homebuyer’s Tax Introduced to Congress
housing affordability
Latest Case Shiller Index Showing Strong Price Gains in Los Angeles
The S&P Case Shiller Housing Index is a lagging index, but is more accurate than most of the other indexes. The 20-City Composite Home Price Index rose 5.4 percent in February. The Los Angeles index reflects a 0.7% monthly change and a 6.8% year over year increase. The monthly housing price ... » Learn More about Latest Case Shiller Index Showing Strong Price Gains in Los Angeles
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
New Case Shiller 20 City vs Los Angeles Index Data
The Case-Shiller 20 City Index for October increased 5.5% year-over-year in October, just beating the consensus forecast for 5.4% Growth. The index also climbed 5.1% year=over-year for September. The Los Angeles index climbed 6.15% year-over-year, beating the 20 city levels. Annualized Los ... » Learn More about New Case Shiller 20 City vs Los Angeles Index Data
California Real Estate Market at a Glance
The California real estate market stayed stable through October. The quantity of sales, and the median home prices dropped slightly, but that's not untypical for this time of year. The mortgage rates went up slightly over the past few weeks, and may effect the affordability index next month. If you ... » Learn More about California Real Estate Market at a Glance