A report from the LA Daily News in California. "Rampant housing inflation means the federal government will now back almost million-dollar mortgages — including deals in Los Angeles and Orange counties. Note that mortgages made for vacation homes and second…
A report from the San Francisco Chronicle in California. " "As San Francisco approached the critical December shopping month, instead of holiday lights and Santa Claus decorations, dozens of downtown retailers greeted shoppers with plywood-encased storefronts and armed guards in…
A weekend topic starting with a press release. "ATTOM released its third-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.59 million mortgages secured by residential property (1 to 4 units) were originated in the third quarter of…
A weekend topic starting with Quartz. "The press has noted that more than 6 million homes may be sold this year, more than any time since 2006. For those familiar with real estate busts, this may be an ominous sign.…
It's Friday desk clearing time for this blogger. "'Our housing market is showing signs of stabilizing,' says Dave Walsh, the 2021 president of the California Association of Realtors. Walsh says we now have a median selling price in Santa Clara…
A report from the LA Daily News in California. "Since 2000, U.S. inflation has averaged 2.2%, according to the Consumer Price Index, while rates on 30-year mortgages averaged 5%, according to Freddie Mac. So historically speaking, loans are usually priced…
It's Friday desk clearing time for this blogger. "Southern California's cutthroat housing market has cooled in recent months. Price drops became more common. 'We were expecting at some point this buyer frenzy is going to cool off. We are seeing…
A report from the Daily Democrat in California. "Tom Doyle bought a house in southwest Woodland for $675,000 last year in October. Doyle said that his family had been paying attention to the housing market, but it is very different…
It's Friday desk clearing time for this blogger. "In early October 2021, Zillow recorded its most active week buying homes in Phoenix. Then suddenly it stopped buying. John Wake, who has been a realtor around Phoenix since 2003, had one…
It's Friday desk clearing time for this blogger. "The number of single-family home sales has declined for three consecutive months. Tim Warren, CEO of The Warren Group, said the single' biggest reason for the slide is that the typical price…