Today’s Real Estate Update: Monday June 1, 2020 HIGHLIGHTS: Mortgage rates hold steady mortgage news daily reports. Top Stories: Mortgage News Daily reports Mortgage rates stayed sideways yesterday after the beginning of the week with a move higher yesterday. (May 27th, 2020) Redlands Daily Facts reports - US builders sell slightly more homes in the month [...]
Today’s Real Estate Update: Wednesday May 27, 2020 HIGHLIGHTS: Coronavirus did not stop home renovations projects survey finds. Top Stories: Fox Business reports Houzz platform released a survey of 1,000 American Homeowners that 52% of them continued their home renovation even after the coronavirus was declared. (May 20th, 2020) Daily Pilot reports - William Lyon, Orange County [...]
Today’s Real Estate Update: Tuesday May 26, 2020 HIGHLIGHTS: Rural and Small-town real estate sees more interest during the Covid-19 pandemic. Commercial retail gets hit hard with April rent defaults. The New York Stock Exchange is set to reopen the trading floor. Airbnb hosts are making plans to sell properties due to Covid-19. Closed hard money [...]
A success story on a recent flip of a manufactured dwelling (SFR) we financed in Sonora, CA 95370. This subject (see below for before-and-afetr pics) was acquired as REO for $109,500 by seasoned real estate flippers. We arranged a $117,000 rehab loan. Approximately $26,000 in repairs and cosmetic upgrades were made. Although the subject was not [...]
Proposition 5 would amend Proposition 13 to allow homebuyers who are age 55 or older or severely disabled to transfer the tax-assessed value from their prior home to their new home, no matter (a) the new home's market value; (b) the new home's location in the state; or (c) the number of moves.
State legislation that took effect January 1, 2017 gave California cities more flexibility and latitude for allowing homeowners to build Accessory Dwelling Units (ADUs). Last year, the number of building permits for accessory-dwelling units jumped by 63 percent, according to Attom Data Solutions, an Irvine-based real estate data company. Overview An Accessory Dwelling Unit (ADU) is [...]
The rent-to-own model, in which tenants have an option to purchase the home they’re renting from their landlord is now under scrutiny by New York’s top financial regulator. The New York Department of Financial Services (NYDFS) is investigating whether rent-to-own programs constitute predatory lending and has issued a consumer alert to create awareness that lease-to-own, rent-to-own and land [...]
If you have been watching the rental market in California, you’ll have noticed that rents are increasing faster than wages. Jeff Collins reporting in the Orange County Register notes - over the past seven years, rent increased $337 a month on average in Orange County and $450 a month in Los Angeles County, according to Reis [...]
Like a Phoenix rising from the ashes, home prices have exceeded their pre-recession peak. An analysis from ATTOM Data Solutions, reports Median price above pre-recession peaks in 54% of US metros. United States Home Prices & Values According to Zillow's Home Value Index, the median home value in the United States is $213,146. United States home values [...]
There is much hyperbole in the news surrounding the economic impact of a trade war between China and the US, but just how would it effect California real estate? INTEREST RATES John Mauldin, an investment advisor, suggests that US trade with China is so intertwined that less trade could result in higher interest rates causing house [...]
