Millennials Shaping the Housing Market…as Renters?

Collectively, Millennials represent a hugely important demographic for the Housing Market. Representing 95 million people ages 18-34 that have, historically, driven the first time-buyer landscape. However, in the first quarter of 2014, homeownership for the Millennial demographic declined to 36.2 percent, down from 36.8 percent in 2013 and the lowest on record since the Housing […]

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Fed to Stop Buying Mortgage Bonds – What’s Next For Rates?

In a momentous decision Federal Reserve (called Fed in short) decided to stop buying mortgage and treasury bonds. After 6 years of doing so, Fed finally decided its time to put a stop on it. So, how does it impact mortgage rates? But, before that – lets get a little bit of History – shall we? […]

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Mortgage Rates Drop To A 16 Month Low – But For How Long?

Growing concerns about weak economic growth and Fed’s indication of delaying rate hikes, plummeted the mortgage rates to the lowest levels in 16 months. Mortgage Banker’s Association (MBA) reported the decline in rates across the board in its latest weekly mortgage applications survey released today. See the results below. The rates this morning are actually […]

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Bay Area Real Estate Will Remain Red Hot – Here’s Why

Lured by high paying and, dare I say, glamorous tech jobs, Millennials are flocking to California’s Central Coast (San Jose, the Bay Area and Silicon Valley) in droves. In many cases, for many young demographics, Silicon Valley is bigger, better and more glamorous than Hollywood could ever be. As we have discussed many times before, today’s mobile […]

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Mortgage Rates Jump To A Four Month High

Mortgage Rates made the biggest one week jump this year and is now at the highest level in over 4 months. As part of Primary Mortgage Market Survey (PMMS), Freddie Mac reported that the 30 Year Fixed rate is now at the highest levels since May 1, 2014. Based on the survey, below are the average […]

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Does Investing In Real Estate Make Sense Any More?

The talking heads on TV seem to think an overvalued stock market is racing towards an imminent pullback. It’s a logical assessment. With equities appearing overbought, gold dropping in value and bonds yielding little to no return, you might be wondering just where the hell to stick your money. Should real estate be on the table? Investors seem […]

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Are Sellers Too Confident In A Not-So-Hot Market?

Public sentiment generally lags reality on almost everything, especially the housing market. 2009 – 2012 will likely be remembered as the Great Recession by historians. Many homebuyers will recall it more fondly; they will remember it as the time they ignored the media cynicism, seized the opportunity and bought a home – A home that was a steal of […]

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Is the American Dream of Home-ownership, Just a Dream?

The “renter’s nation” is increasingly being used by pundits to describe the US housing market. If you go to the source, middle-class Americans, you’ll get a different story. Despite what you may hear, the myth that we are quickly becoming a “renter’s nation” is just that – a myth. According to Gallup, the numbers clearly suggest […]

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Unlike Shakira’s Hips, Housing Data Can Lie

What difference does a mere $1,000 make on the housing market? Apparently, it makes all the difference in the world. Housing affordability has been a commonly touched subject for us recently. I have written about it several times because it concerns me. I find it to be a disconcerting topic. The housing affordability precipice has also caught the […]

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7 Stupid Things To Avoid When Selling A Home

Home prices continue to move higher in 2014. More and more underwater homeowners – trapped in their negative equity, upside down position for years – have a new choice: they can sell their homes the traditional way. You list the home, you negotiate a deal with a potential buyer and you enter into a contract […]

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