Senior housing wealth hits new record

Senior housing wealth hits new record

An increase in home values helped push housing wealth among homeowners 62 and older to a new all-time high. According to the National Reverse Mortgage Lenders Association, senior housing wealth grew by 0.5 percent or $32 billion in the second quarter to $7.17 trillion. “Many retired and soon-to-be-...

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VA refunds millions in loan fees

VA refunds millions in loan fees

The U.S. Department of Veterans Affairs announced last week that it was refunding more than $400 million in loan fees that were incorrectly charged after a lengthy review of millions of mortgages issues over the last 20 years. The VA sent letters to those who would be receiving a refund. Veterans a...

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Chinese homebuying in Calif. slows

Chinese homebuying in Calif. slows

The California Association of Realtors reports that Chinese international homebuyers accounted for 40 percent of all foreign homebuyers in California last year. That buying trend appears to be waning in 2019. The 2019 share of Chinese international home purchases in California appears to be half of...

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California home sales see worst month since 2015

California home sales see worst month since 2015

Concerns about an economic recession on the horizon appears to be dragging the housing market down. According to data from CoreLogic, August was the worst month for home sales in four years. This marks the twelfth month out of the last 13 in which sales were down on a year-over-year basis, the repor...

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The spending habits of San Diego households

The spending habits of San Diego households

The spending habits of San Diego households The U.S. Bureau of Labor Statistics reported last week that households in the San Diego-Carlsbad metropolitan area spent an average of $79,672 per year in 2017-2018. This includes all major living expenses including housing, healthcare, food and transport...

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