Why Buyers May Lose If They Don’t Act Now

Rising mortgage rates could have a big impact on the direction your buyers choose when shopping for real estate, economists warn. “Every time the interest rates go up, you eliminate a group of people who can no longer afford to buy a house,” Don Frommeyer, a mortgage broker at Marine Bank in Indianapolis, told realtor.com®. “Some […]

Home Depot to donate $50M to train construction workers, address severe shortage

Home Depot announced Thursday that it will donate $50 million to train 20,000 people as construction workers over the next decade, helping efforts to ease a dire shortage that’s curtailing home building and driving up house prices. The Home Builders Institute, the industry’s education arm, will use the money from the Home Depot Foundation to […]

House flipping hits decade high, but returns are shrinking

More and more people are flipping houses — the most in 10 years – but they are reaping smaller rewards. High home prices, hot competition and very, very few available homes to buy are combining to make this popular trade ever more risky. Just more than 207,000 homes were flipped in 2017, according to a […]

Home For Sale Near Big Springs Elementary

Are you looking for a home for sale near the top rated Big Springs Elementary School or Valley View Jr. High in Simi Valley?  Well, I have the home for you!  Fully remodeled including a newer roof, newer heat and AC and a newly re-plastered and re-tiled pool!  Walking distance to both Big Springs Elementary […]

Mortgage Rates Just Got Higher Again

For the eighth consecutive week, borrowing costs were on the rise. “Optimistic testimony on Capitol Hill from Federal Reserve Chairman Jerome Powell sent Treasury yields higher as Powell stated his outlook for the economy has strengthened since December,” says Len Kiefer, Freddie Mac’s deputy chief economist. “Following Treasurys, the 30-year fixed mortgage rate jumped 3 […]

More Buyers Are Bidding Up Prices

Tight inventories mixed with high demand are pressing prices higher in many markets. As such, a growing number of real estate pros say that their home sellers are seeing their properties sell beyond the asking price. Thirty-four percent of properties that closed in January sold at or above the list price, according to the January […]

Cramer: Don’t be fooled—retail REITs’ stocks are still very risky to own

On a rough day for the stock market in which the Dow Jones industrial average plunged nearly 600 points, CNBC’s Jim Cramer noticed one stock group trading surprisingly well: retail-focused REITs, or real estate investment trusts. Retail REITs became some of 2017’s worst-performing equities as the underlying companies fell under pressure amid waves of store […]