Falling Rates Cause Rise in Refinance Mortgage Applications

Mortgage applications increased 9.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 15, 2016. The Market Composite Index, a measure of mortgage loan application volume, increased 9.0 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted […]

Best Places to Be a Renter

For a renter, the best place to live is Little Rock, Ark., according to a new study by data firm Axiometrics, which looked at 28 metro areas nationwide to see where rents are the most affordable. Axiometrics took a look at the metros that boast the lowest rent-to-household income ratio. Here are the top eight […]

Market Unrest Pushes Down Mortgage Rates

For the third consecutive week, mortgage rates edged down, with the 30-year fixed-rate mortgage continuing its run below 4 percent, Freddie Mac reports in its weekly mortgage market survey. “The Freddie Mac mortgage rate survey had difficulty keeping up with market events this week,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate […]

6 Ways to Protect Your Home From Snow

Just when it seemed like Old Man Winter would be a lamb instead of a lion this year, 73 million people across the Mid-Atlantic and Northeast are on high alert as a massive snowstorm bears down on them. Some areas are being threatened with more than two feet of the white stuff. For your clients […]

What is my Westlake Village home worth? Market Report for 01/28/16

Home Prices in Westlake Village for January 28, 2016  Real estate market data provided by Ryan Huggins of Huggins Homes About the Westlake Village Area Westlake Village is a planned community that straddles the Los Angeles and Ventura county line. The eastern portion is the incorporated city of Westlake Village, located on the western edge […]

What is my Thousand Oaks home worth? Market report for 01/28/16

Home Prices in Thousand Oaks for January 28, 2016  Real estate market data provided by Ryan Huggins of Huggins Homes About the Thousand Oaks Area The City of Thousand Oaks is a premiere community recognized for being one of the most desirable places in all of California to live, work, recreate, and raise a family. […]

What is my Simi Valley home worth? Market Report for 01/28/16

Home Prices in Simi Valley for January 28, 2016  Real estate market data provided by Ryan Huggins of Huggins Homes About the Simi Valley Area The city of Simi Valley (from the Chumash word, Shimiyi), is situated in the southeast corner of Ventura County. The city’s 2014 population has been estimated at 126,871, up from […]

What is my Newbury Park home worth? Market Report for 01/28/16

Home Prices in Newbury Park for January 28, 2016  Real estate market data provided by Ryan Huggins of Huggins Homes About the Newbury Park Area Newbury Park is a community located mostly within the western portion of the city of Thousand Oaks in Ventura County, California. The census-designated place (CDP) of Casa Conejo is also […]

What is my Moorpark home worth? Market Report for 01/28/16

Home Prices in Moorpark for January 28, 2016  Real estate market data provided by Ryan Huggins of Huggins Homes About the Moorpark Area Moorpark was founded when the application for the Moorpark Post Office was granted on June 1, 1900. The townsite of Moorpark was owned and surveyed by Robert Poindexter and his wife, Madeline. […]

What is my Conejo Oaks home worth? Market report for 01/28/16

Home Prices in Conejo Oaks for January 28, 2016  Real estate market data provided by Ryan Huggins of Huggins Homes About the Conejo Oaks Area Conejo Oaks is a hidden gem in the heart of Thousand Oaks.  One of the original communities this area boasts large lots, some of which are even horse zoned!  Many […]

What is my Camarillo home worth? Market Report for 01/28/16

Home Prices in Camarillo for January 28, 2016  Real estate market data provided by Ryan Huggins of Huggins Homes  About the Camarillo Area Camarillo is named for Adolfo and Juan Camarillo, two of the few pre-1848 California natives of Hispanic ancestry to preserve the city’s heritage after the arrival of Anglo settlers. The railroad coast route […]

What is my Calabasas home worth? Market Report for 01/28/16

Home Prices in Calabasas for January 28, 2016  Real estate market data provided by Ryan Huggins of Huggins Homes About the Calabasas Area It is generally accepted that the name of Calabasas is derived from the Spanish calabaza meaning “pumpkin”, “squash”, or “gourd” (cf. calabash). Some historians hold the theory that Calabasas is derived from […]

What is my Agoura Hills home worth? Market Report for 01/28/16

  Home Prices in Agoura Hills for January 28, 2016  Real estate market data provided by Ryan Huggins of Huggins Homes About the Agoura Hills Area The area was first settled by the Chumash Native Americans around 10,000 years ago. As the Alta California (Upper California) coast was settled by Spanish Franciscan missionaries in the […]

Reverse Mortgage and Your Adult Children

(TNS)—You’re thinking about getting a reverse mortgage. Should you discuss your plan with your adult children? Maybe. Every senior homeowner’s situation is unique. “I wish I could give you one best practice that’s optimal for every family, but it’s more complex than that,” says Joseph Goetz, an associate professor for the department of financial planning, […]

Learning the Basics of Reverse Mortgages

(TNS)—Reverse mortgages have become the cash-strapped homeowner’s financial planning tool of choice. The first Federal Housing Administration-insured reverse mortgage was introduced in 1989. Such loans enable seniors age 62 and older to access a portion of their home equity without having to move. The bank makes payments to the borrower throughout his or her lifetime […]

Where the Millionaires Reside: 10 Top Cities

The nation added 6.5 million millionaire households in the middle of last year compared to 2014, a 4 percent increase. That marks the fastest pace since 2011, according to a newly released report conducted by Phoenix Marketing International. Households that have more than $1 million in investable assets — such as stocks, bonds, and savings […]

Millennials to Remain Renters? Not if They Can Help It

Just about everyone in the housing industry has an opinion on the topic of whether millennials will ever want to give up renting and own homes like their parents. While the Millennial generation certainly faces more challenges than some generations before them, according to the National Association of REALTORS® quarterly Housing Opportunities and Market Experience […]

Which Renovations Are and Aren’t DIY

Your buyers like the house — mostly — but the closets could be reconfigured and the bathroom tile has to go. Are those DIY projects, or are they “DIFM” (do it for me)? In a new survey from the Home Projects Council, home owners reviewed a range of home improvements. Most said they would feel […]

California home sales bounce back in December after temporary setback in November

For the full press release, please visit C.A.R.’s Newstand.   California existing home sales rebounded in December after new loan disclosure rules delayed closings in November.     Home sales exceeded the 400,000-unit level in December after falling short in November. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted […]

What’s Topping Home Buyers’ Shopping Lists

Home buyers are looking for storage, energy efficiency and outdoor space, according to the latest preference survey released by the National Association of Home Builders and Better Homes and Gardens during the NAHB International Builders’ Show in Las Vegas this week. Some of the top new-home desires cited by home buyers of all ages include […]