Below you'll find a list of all posts that have been tagged as “Housing Report”
Baby Boomers are getting older and Millennials are entering the housing market for the first time. However, CNBC Reported that millions of Millennials are holding off longer and longer to purchase a home. While older generations saved vastly before being able to purchase a home as quickly as possible, CNBC reports research from the Urban Institute (policy research group) that …
Mortgage rates have dropped again this passed month. On top of that, these low interest rates have brought stimulation into the developer’s new housing market. Now this is great news for home buyers! Low interest rates mean lower mortgage rates for home buyers, down approximately 1.25 percentage points from last year, according to CNBC; and stimulation in the developer’s market …
California just passed a new bill through the Senate, and it’s a big one for landlords if the new bill becomes law. AB1482 allows for rent control statewide at a cap rate of 5% annually. This new bill is the states attempt to thwart the homelessness issue that is densely populating Los Angeles and San Francisco. “Caps on rent increases, like …
China has sought stricter control on currency leaving its borders in an attempt to prevent devaluation of the Yuan. China’s SAFE (State Administration of Foreign Exchange) Program has implemented blockades on currency exiting China for the purpose of new Real Estate or Insurance transactions. There has been a surge in the smuggling of currency out of China, and SAFE is …
When interest rates drop and mortgage rates decrease during a strong economy, you’d expect to find a booming housing market. However, this isn’t the case as of now. There’s no doubt about it, the economy is booming. But what’s different about the housing market is that prices continue to remain too high for many buyers. “Typically, when buyers remain on the …
We’re back on topic with Trade War, but this time, it’s much worse. Chinese Buyers are packing up and leaving as tensions between China & the US worsen. CNBC is calling it the “Trump Effect”. Punishing Tariffs on foreign trade and commerce is costly to Chinese Buyers, and causing them to question American Assets. While vice-versa, China is putting tighter …
We continue to hear talks of an upcoming recession and how the market is going to crumble sometime in late 2019 or early 2020, but overall, the real estate market continues to show signs of strength. Here is a Market Update for the first half of 2019: THE GOOD: Mortgage Rates are down Delinquencies are at the lowest level since …
