Homeownership Rate Falls Slightly in Fourth Quarter 2016

The recently released Census Homeownership and Vacancy Survey (HVS) for the fourth quarter of 2016 shows that throughout last year, homeownership fell slightly to an unadjusted rate of 63.7 percent. This number is just a smidge below 2015’s 63.8 percent, and up from 2016’s third quarter number of 63.5 percent, showing a possible plateau for […]

Prospect Mortgage, Brokerages Ordered to Pay Millions for Illegal Kickback Scheme

Prospect Mortgage, LLC, a major mortgage lender, and two real estate brokerages have been ordered by the Consumer Financial Protection Bureau (CFPB) to pay more than $3.5 million in civil penalties and consumer compensation for participating in an “illegal kickback scheme” for mortgage business referrals. Prospect, headquartered in Sherman Oaks, Calif., Corvallis, Ore.-based Keller Williams […]

Home Prices Up 5.6 Percent in November

Home prices continued to trend up in November 2016, increasing 5.6 percent annually and 5.5 percent from October, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The ongoing upward trajectory, says S&P Dow Jones Indices Index Committee Chairman and Managing Director David M. Blitzer, indicates prices have recovered since the recession. […]

First-time Homebuyers: Slightly Up at 32 Percent of Residential Sales in 2016

REALTORS® reported that first-time homebuyers accounted for 32 percent of residential sales in 2016 (30 percent in 2015), according to the December2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Sustained job growth and improving incomes along with the aging of the Millennial generation are […]

Pending Home Sales Make End-of-Year Push

Pending home sales made an end-of-year push in December, picking up 1.6 percent from November in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The rise in the overall PHSI—which also came in 0.3 percent higher than December 2015—was led by contract activity in the South and West, increasing 2.4 percent and […]

President Trump Plans to ‘Do a Big Number’ on Dodd-Frank

Addresses the Fate of ‘Disaster’ Regulation The new administration is wasting no time addressing Dodd-Frank, with President Trump on Monday saying he will “do a big number” to the regulation he believes has been a “disaster” for small businesses. “We’re going to do a big number on Dodd-Frank,” President Trump said in a meeting while […]

Newlyweds: Here Are 5 Factors to Consider when Buying Your New Home

Now that the wedding is over, you and your spouse are ready for the next exciting milestone: homeownership. There are so many factors you need to keep in mind and you want it to be a pleasant house-hunting experience. The following are just a few things you should take into account when you’re in the […]

Will Housing become Better under Trump? Half of Americans Think So

Americans are “cautiously optimistic” about the housing market, with 69 percent recently surveyed by ValueInsured believing 2017 will be a better year for real estate than 2016, and 52 percent believing housing will become more favorable under the Trump Administration. The outlook is primarily felt among millennials who are not homeowners. According to the survey, […]

Comparing New Interior Design Standards

Buyers willing to pay top dollar for “the latest thing” may consider rooms featuring last year’s – or older – design details less valuable, even ready for a “total gut job.” Technology has sped everything up, so it’s not surprising that interior design is also on fast-forward. Styles and finishes of kitchen hardware, bathroom fixtures, […]

8 Easy And Cheap Ways To Make Your Kitchen Look And Work Better

You can go ahead and gut your kitchen to make it all fancy and new. But if you want upgrade the form and function without all the effort and expense, it’s easier than you think. These eight tips can make a real difference in how much you enjoy your space. 1. Get a new silverware […]

Countertop Pros And Cons: What To Choose And Why

Wondering how to choose a countertop for your kitchen? With so much to pick from, it can be challenging – especially with changing trends and so many options that are at similar price points. This pro and con list should help. Quartz Quartz is the most popular choice in countertops today because of its easy […]

Remodeling Activity to Pick Up in 2017

Homeowners are planning to spend more to improve their homes this year, up 6.7 percent to a total $317 billion, according to the Joint Center for Housing Studies at Harvard University. More remodeling activity generally indicates fit financials at the household level, as well as confidence and strength in the housing market. “Growth in home […]

10 Easy Ways to Safeguard Your Home and Prepare for an Emergency

When disasters strike, they come without warning. This is why you need to prepare for emergencies ahead of time. These 10 tips will help safeguard your home and family, and save you time, money, and stress should an emergency occur. Protect your home from break-ins. A home invasion occurs every thirteen seconds in the U.S. […]

New Home Sales Drop in December

New single-family home sales fell in December, posting an annual rate of 536,000, 10.4 percent below the prior month’s figure, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The median new home sold price was $322,500, while the average list price was $384,000. The estimate for new home […]

Pendulum Swings Back for Mortgage Rates

The pendulum swung back for mortgage rates this week, with rates for 30-year and 15-year fixed mortgages averaging higher for the first time this year, according to the Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The 30-year fixed-rate mortgage averages 4.19 percent with an average 0.4 point, while the 15-year fixed-rate mortgage averages 3.40 percent […]

Get Smart: 5 Ways to Turn Your Home into a Smart Home

Smart homes are rapidly gaining popularity. Being able to control numerous features of your home even while you are away is not only convenient, but it can increase security. There are all kinds of ways to turn your home into a smart home. Some are a little more expensive than others. The following five home […]

What is my Westlake Village home worth? Market Report for 01/26/17

This Week’s Home Prices in Westlake Village  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 of Los […]

What is my Thousand Oaks home worth? Market report for 01/26/17

This Week’s Home Prices in Thousand Oaks  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. Located in […]

Properties Sold Faster in 2016 at 43 Days

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “For the last house that you closed in the past month, how long was it on the market from listing time to the time the seller accepted the buyer’s offer?” REALTORS® reported that properties typically stayed on the market for fewer […]

What is my Simi Valley home worth? Market Report for 01/26/17

This Week’s Home Prices in Simi Valley  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 111,351 in […]