Inland Empire has nation’s biggest drop in homes for saleSouthern California pending home sales up 13 of past 14 weeks The supply of existing homes for sale in the Inland Empire has fallen the most among 50 major U.S. markets tracked by Zillow. Homeowners across the region, and the nation, have largely refused to put…
The bottom has yet to be reached as mortgage rates achieved a new low for the fourth time in the past five weeks. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 2.98 percent with an average 0.7 point. (Points are fees paid to a lender equal to…
~Activity is springing back faster in major metro areas, where the median asking price in June was nearly 6% higher than a year ago~ By Beckie Strum Originally Published on July 1, 2020 Mansion Global ~U.S. housing supply is falling short of demand, as droves of buyers returned to home shopping last month, according to…
June is National Homeownership Month and to help celebrate the whole month through, we’re reviewing the undeniable benefits of owning your own home. Low mortgage rates are currently fueling record mortgage applications as Americans are realizing the value of a home, bolstered by greater buyer power. Californians also have the opportunity to be gifted a…
Juneteenth is an African American holiday, celebrated annually on June 19, to remember the day when word finally came in 1865 to slaves in Galveston, Texas, that slavery had ended because of President Abraham Lincoln’s Emancipation Proclamation on Jan. 1, 1863. The annual observance, also known as Jubilee Day, Freedom Day and African American Independence…
The unemployment rate dropped and average 30-year mortgage rates have inched up to 3.18%. A recovering economy means rising rates so the sooner you purchase a home, the better your mortgage rate will be! Against the backdrop of protests demanding racial justice, mortgage rates began trending upward as employment-related economic data blew past expectations. Friday’s…
