Latest News
Homebuyers More Likely To Purchase a Home Soon
Despite COVID-19 Crisis, More Than Half of Homebuyers More Likely to Purchase a Home Soon The coronavirus pandemic — coupled with historically low mortgage rates — is motivating a majority of homebuyers to purchase a home in the coming year, according to results from LendingTree’s latest survey. To get a better handle on …
+ read moreMortgage Applications For Home Purchases Increase
New York led the nation with a 14% purchase-loan gain Applications for mortgages to purchase homes gained for the fourth consecutive week while refinancings dropped, the Mortgage Bankers Association said in a Wednesday report. A seasonally adjusted index measuring purchase applications rose 11% last week, compared with a 6% increase in the prior week, according to the …
+ read moreRemarkable Recovery In Homebuying
REAL ESTATE Weekly mortgage applications point to a remarkable recovery in Homebuying KEY POINTS Purchase volume was just 1.5% lower than a year ago, a rather stunning recovery from just over a month ago, when purchase volume was down 35% annually. Mortgage applications to purchase a home rose 6% last week from the previous …
+ read moreMortgage Rates Hit Another All-Time Low
Mortgage rates hit another all-time low as home buyers rush to secure cheap financing The number of people applying for loans to purchase a home has increased for six consecutive weeks after falling earlier in the coronavirus outbreak Mortgage rates have gotten even more affordable — a boon to the many Americans once …
+ read moreMortgage Demand From Homebuyers
REAL ESTATE Mortgage demand from homebuyers jumps 18%, as interest rates set another record low KEY POINTS Mortgage applications to purchase a home rose 5% for the week and were a stunning 18% higher than a year ago, according to the Mortgage Bankers Association. As the coronavirus outbreak was surging six weeks ago, …
+ read moreAbout the CALIFORNIA ASSOCIATION OF REALTORS®
The CALIFORNIA ASSOCIATION OF REALTORS® is a statewide trade association dedicated to the advancement of professionalism in real estate. The Association develops and promotes programs and services that will enhance the members’ freedom and ability to conduct their individual businesses successfully with integrity and competency and, through collective action, promotes the preservation of real …
+ read morePending Home Sales Rises in April
Did you know that pending home sales rose in April for the fifth straight month and reached their highest level in five years? This is due in part to REALTORS® this spring working hard on behalf of their clients in a demanding market. The pending home sales index has now increased year-over-year for five …
+ read moreFederal Reserve Policy Makers felling better about US Housing Market
For the first time in a while, Federal Reserve policy makers are feeling better about the U.S. housing market.“Signs of stronger housing activity were encouraging,” said minutes of the Fed’s June 16-17 policy meeting. The central bank signaled a shift in its view of the housing market three weeks ago in its postmeeting policy …
+ read moreCalifornia home sales cool in August as price gains temper, California Association of Realtors reports
– Existing, single-family home sales totaled 431,800 in August on a seasonally adjusted annualized rate, down 3.8 percent from July but up 9.3 percent from August 2014. – Statewide sales were above the 400,000 mark for the fifth straight month. – August statewide median home price was $493,420, up 1 percent from July and …
+ read moreWhy live in California?
All those comically perpetual 72-and-sunny days mean it’s likely you’ll live longer. According to a 2013 study, mortality rates jump during the winter season — but if you live in Southern California, your concept of winter functions more on the scale of when and where you’re getting your holiday shopping done rather than when …
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