Homebuilder confidence weakens amid economic uncertainty

Homebuilder confidence weakens amid economic uncertainty

As the pandemic makes its way across the U.S. and rattles the stock market, homebuilders are reporting uneasiness. The National Association of Homebuilders and Wells Fargo Housing Market Index shows that homebuilder sentiment declined by two points in March to a reading of 72. This is the second con...

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Spring cleaning comes early

Spring cleaning comes early

With many Americans making the difficult choice to stay home in an attempt to “flatten the curve” as recommended by the Centers for Disease Control, it could be time to tackle those improvement projects that have been on the to-do list for quite some time. Decluttering and organizing closets is ofte...

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Fed makes rate cut decision that could impact mortgage rates

Fed makes rate cut decision that could impact mortgage rates

The Federal Reserve made another emergency rate cut over the weekend, slashing its benchmark rate to nearly zero percent amid concerns of economic fallout over the ongoing pandemic. This is the second rate cut by the fed in as many weeks. The rate cut will result in lower borrowing costs for homeow...

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Googling home buying advice

Googling home buying advice

It may not be a magic 8-ball but many Americans appear to be turning to Google for advice on their real estate plans. Data from Google shows that the number of people in the U.S. searching the phrase “Should I buy a house?” doubled in March from the previous month, reaching an all-time high. The i...

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Mortgage business in limbo as rates remain volatile

Mortgage business in limbo as rates remain volatile

As a result of mortgage rates falling to all-time lows last week, the Mortgage Bankers Association announced a doubling of their previously released refi forecast for 2020. The previous prediction of just over $600 billion in mortgage balances refinances is now expected to be just north of $1.23 tri...

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Mortgage rates rise sharply from last week’s record low

Mortgage rates rise sharply from last week’s record low

After 30-year fixed mortgage rates dropped to an all-time low, they spent the better part of this week moving sharply higher. The average rate offered on 30-year mortgages being offered increased several times over the course of the week as a result of an oversupply of borrowers overwhelming lenders...

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San Diego home sales see uptick

San Diego home sales see uptick

The number of homes sold in San Diego last month increased despite pricing rising as well. The Great San Diego Association of Realtors reported this week that single-family home sales saw an uptick of a half percent in February while condo and townhome sales surged 8.4 percent compared to January. O...

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Seniors ditch downsizing

Seniors ditch downsizing

A 2018 survey by the AARP found that more than two-thirds of Americans aged 50 years or older have a strong desire to remain in their current home as long as possible. And new data from LendingTree shows that that desire is manifesting into reality. Last year, fewer Baby Boomers moved than ever befo...

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Calif. advocacy groups unveil affordable housing plans

Calif. advocacy groups unveil affordable housing plans

Affordable housing advocacy group Housing California and a nonprofit organization called California Housing Partnership announced last week a bold initiative to introduce more economical housing in the Golden State. Entitled “California’s Roadmap HOME 2030” has a goal to create “a California with ho...

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Home sales post highest yearly gain since 2009

Home sales post highest yearly gain since 2009

The rate of home sales in the U.S. saw its highest year-over-year gain in 11 years as of Janauary. Home sales rose 10.5 percent in 54 major metropolitan areas across the nation according to RE/MAX. The increase in the sales rate is positive news considering the sharp declines in inventory levels rec...

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