Instant Reaction: December Owners’ Gains Forecast

The S&P CoreLogic Case-Shiller National Index shows that U.S. prices of single-family homes continue to rise. The national index level in December reached a new high and is up 5.8 percent from a year earlier. But what does this mean for homeowners? Home prices affect the wealth of homeowners. As the price of housing increases, […]

Pending Home Sales Falter to 12-Month Low

Pending home sales faltered in January to a 12-month low, despite a simultaneous shoot-up in existing-home sales, according to the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI) declined 2.8 percent to 106.4, with the PHSI sinking in the Midwest, 5.0 percent to 99.5, and in the West, 9.8 percent to 94.6. […]

Spring Home-Buying Season Gets an Early Start

Housing is set to smash records in February, with realtor.com® forecasting both the fewest days on market since the recession and the month’s highest list prices—an early start to the spring home-buying season, says realtor.com Chief Economist Jonathan Smoke. “The spring buying season is off to a booming start,” Smoke says. “Not only is the […]

Mortgage Rates Show Minimal Movement

Mortgage rates showed minimal movement this week, marking the fourth week in a row of negligible change, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 30-year fixed-rate mortgage averaged 4.16 percent with an 0.5 point, a one point increase from 4.15 percent the previous week. “In a short week following Presidents […]

What You Need to Know Before Buying Mortgage Insurance

(TNS)—If you’re like many borrowers who have less than 20 percent of a home’s value in equity or saved for a down payment, you need to know how mortgage insurance affects the cost of buying a home. What Is Mortgage Insurance? Mortgage insurance—also known as private mortgage insurance, or PMI—protects lenders from default on conventional […]

REALTORS® Reported Strong Homebuying Activity in Many States in January 2017

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “How do you rate the past month’s buyer/seller traffic in the neighborhood(s) or area(s) where you make most of your sales?” REALTORS®reported strong home buying demand amid tight supply in January 2017, according to the January2017 REALTORS® Confidence Index Survey Report, […]

Home Renovations That Can Hurt (and Help) Property Value

If you’re into renovation projects, then updating and revamping your home can be a lot of fun. But before you get too excited about knocking down walls and setting up a custom movie room, you might want to consider resale value. Flashy renovations don’t always yield the best returns, so you’ll need to take care […]

FHFA: Q4 Home Prices Edge Up 1.5 Percent

Home prices edged up 1.5 percent in the fourth quarter of 2016, totaling 6.2 percent from the fourth quarter of 2015, according to the Federal Housing Finance Agency’s (FHFA) recently released House Price Index (HPI). The HPI—based on prices for homes with Fannie Mae- and Freddie Mac-backed mortgages—came in 0.4 percent higher month-over-month in December. […]

What is my Westlake Village home worth? Market Report for 02/23/17

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 02/23/17

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 […]

What is my Simi Valley home worth? Market Report for 02/23/17

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 […]

What is my Newbury Park home worth? Market Report for 02/23/17

This Week’s Home Prices in Newbury Park  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 part of […]

What is my Moorpark home worth? Market Report for 02/23/17

This Week’s Home Prices in Moorpark  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. The town […]

What is my Conejo Oaks home worth? Market report for 02/23/17

This Week’s Home Prices in Conejo Oaks  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 02/23/17

This Week’s Home Prices in Camarillo  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 came through […]

What is my Agoura Hills home worth? Market Report for 02/23/17

This Week’s Home Prices in Agoura Hills  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 late 18th century, […]

Existing-Home Sales Begin 2017 with a Bang

Existing-home sales began 2017 with a bang, growing 3.3 percent and hitting a 10-year high in January, according to the National Association of REALTORS® (NAR). With the exception of the Midwest, every region saw gains, with total sales reaching 5.69 million—the fastest pace since February 2007. “Much of the country saw robust sales activity last […]

4 Tips for Organizing Your Home Maintenance Routine

Buying a house is only the first step in homeownership. Once you own the property, it will become your responsibility to keep it in good order through regular repairs and maintenance. It can be easy, however, to find yourself falling behind on the job and missing out on important things. Below is a list of […]

Policy Unknowns Curb Housing Growth Expectations

All-out growth in the housing market this year is hinging on the Trump Administration’s policies, with the Fannie Mae Economic & Strategic Research Group expecting standstill wages to cripple affordability unless incomes improve. “We expect the housing expansion to continue, albeit at a more moderate pace than last year given continued pressure on affordability,” says […]

3 Steps To Saving For Your Dream Home

3 Steps To Saving For Your Dream Home According to Harvard University’s “State of the Nation’s Housing” report, while more people than ever before want to own their own home, fewer feel financially ready to do so yet. Reasons range from high rents to student loan debt. Millennials, in particular, are waiting longer to get […]