Price cuts moderate during spring bump, with more to come Any seller confidence gained during spring's meager seasonal boost is premature. While price cuts diminished during the pandemic-era housing market, now they're back.
Disclosure of termite inspection reports: a compliance wake-up call for real estate licensees Real Estate Compliance Consultant Summer Goralik reminds agents of the proper handling of termite inspection reports.
Mortgage Concepts: Lender ECOA disclosures of action taken, Part 1 This video covers the disclosures which advise the borrower of the action taken by a lender on the borrower's mortgage application.
Recent Case Decision: In re: Gerald N. Reed May a mortgage lender foreclose on the secured property to collect on a debt discharged by a bankruptcy court?
Recent Case Decision: NCR Properties LP v. City of Berkeley Does an owner's renovation and conversion of residential improvements into multiple units qualify for an exemption to a rent control ordinance?
The 20% solution: personal savings rates and homeownership The national personal savings rate is inching higher from 2022's decade's low, at 4.3% in June 2023.
Riverside housing indicators Riverside's home sales volume year-to-date is 32% below a year earlier as of May 2023. Worse, compared to 2019, sales volume is 37% lower.
San Diego housing indicators As of May 2023, San Diego sales volume year-to-date is 32% below a year earlier. Compared to 2019, sales volume is a whopping 40% lower.
Current mortgage rates The average 30-year FRM rate increased to 6.96% in the week ending August 11, 2023. The average 15-year FRM rate also climbed to 6.34%.
Popular: Monthly Statistical Update: August 2023 Home prices decelerate after the anemic spring seasonal bump and sales volume sputters amid depleted inventory.
Trending: Independent no more, brokers seek brokerage employment 2023 is seeing fewer independent brokers and more broker associates.
Real Estate Crossword Test your real estate fundamentals with the weekly firsttuesday Real Estate Crossword Puzzle! This week's challenge: Contracts.
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