Real Estate News
Posted in the Real Estate News Category
Mortgage Rates Dropping
Posted in: Real Estate News
Investors everywhere have been feeling the tension and difficulties due to stock market drops. However, if you are in the market of buying a home, this can be a great thing to take advantage of. With the Coronavirus concerns and global trade uncertainties, the 10-year Treasury note (which influences mortgage rates), has sunk to an all-time... Read More
Are Millennials The Key To Future Housing Demand?
Posted in: Real Estate News
Housing demand has been taking some hits lately with rising home prices, higher interest rates, lack of affordable inventory, and lingering student loan debt, but millennials may be the key to where it goes in the near future. The tough conditions for buyers in the market that may be slowing demand have mostly been balanced... Read More
Buyers Searching Longer To Find Homes
Posted in: Real Estate News
The National Association of Home Builders (NAHB), being highly interested in understanding buyers and buying trends, generates a Housing Trends Report (HTR) based on national polls to track prospective home buyers’ perceptions about the availability and affordability of homes for sale in their markets. Their results for the 2nd Quarter of 2018 showed some interesting... Read More
Rates Stopped Climbing Last Week, Could Provide Some Help
Posted in: Real Estate News
Mortgage rates have been steadily climbing for some time, but finally saw a modest dip last week, and if they can stay stable for a bit or drop even lower, it could provide some welcome support to home sales. The average 30 year fixed rate reversed course and dropped half a point to 4.59% for... Read More
Homeowners Seeing Big Equity Gains
Posted in: Real Estate News
As home values have risen, so has owner equity. For most homeowners, the equity in a property is one of the foundations of building long term wealth, and a major reason Americans seek to own vs. rent. At a time when price appreciation continues to climb, those who own are seeing big equity gains, and... Read More
With Homebuyers Facing Challenges, Where Will Prices Go?
Posted in: Real Estate News
Home buyers face an uphill battle vs. rates, prices, and inventories, but demand is strong. The question has been asked a lot lately – is this another bubble? If so, is it going to burst? Will home prices actually drop?? Not according to the top housing market economists. It’s no secret that there are some... Read More
Americans’ Optimism About Housing Hits New High
Posted in: Real Estate News
In case you (somehow?) haven’t heard – the housing market is doing well. Apparently most of us have heard, and enough people are feeling good about real estate’s near term outlook that the national Home Purchase Sentiment Index (HPSI) has hit a new all time high. Like many other economic indexes, the HPSI takes survey... Read More
Spring Season, Rising Rates Driving Buyer Traffic
Posted in: Real Estate News
Spring is always a big season for real estate. Buyers come out of their long winter hibernation, check that they didn’t see their shadows, and agree all together that it’s time to shop for homes. The weather is nicer, flowers are blooming, and front yard marketing pictures of listings are looking great. Buyers also know... Read More
Home Prices Up, Sellers Cashing In
Posted in: Real Estate News
January home price index numbers came out recently and prices were up 6.2% nationally, from a year ago. That’s in line with December’s 6.3% gain that had been the biggest one year price gains we’ve seen in the last three years. We’ve been repeating it for a while now, but the narrative behind these higher... Read More
Tax Time! How New Tax Laws Affect Homeowners And Buyers
Posted in: Real Estate News
Tax season is here, and with the recent changes from the Trump tax overhaul, there’s been a lot of confusion about what it means for home buyers and owners. We’ve heard some misconceptions floating around, and we thought it’s a good time to update you on just a few of the key changes that will... Read More
Richard Brocchini
Real Estate Broker - Certified Real Estate Divorce Specialist
Cal DRE # 01456455
