Historical Mortgage Rates - Not What Buyers or Borrowers Think With?
Tuesday, May 07
It is well-known that mortgage rates have experienced significant fluctuations over time. While today’s rates may seem high compared to a few years ago, they are actually quite typical from a historical perspective. Some facts to remember: *The average 30-year fixed rate reached an all-time ...
Types of Accessory Dwelling Units
Tuesday, April 30
The Fannie Mae requirements for an ADU include its own entrance, a kitchen with a sink and stove, a place to sleep, and a bathroom. It must also be smaller than the primary house. Limitations regarding parking spaces, utility hookups and emergency exits are regulated by local laws. With these co...
What’s The Difference Between a Deed and Title?
Tuesday, April 23
We often find the “deed” and the “title” for a property are used interchangeably, but they actually have different meanings. As James Erwin, founding partner of Illinois-based Erwin Law LLC and an expert in real estate, explains it: “Title to real estate is simply its ownership status, and a de...
The Best Time to Buy is Always Now
Thursday, April 18
If you’re waiting for interest rates and/or home prices to drop before dipping your toe into the real estate market, you could be making a costly mistake. Barbara Corcoran does believe that interest rates will go down, but she predicts that this will cause home prices to soar. While appearing o...
What Does California’s Housing Market Look Like?
Tuesday, April 16
Per recent news provided by CALIFORNIA ASSOCIATION OF REALTORS® just a couple of weeks back, despite a recent uptick in mortgage rates, California’s housing market continued to demonstrate resilience in February, reaching sales levels not seen since September 2022. Closed escrow sales of existi...
Recession….What is Recession?
Thursday, April 11
There had been a lot of recession talk over the past couple of years. But here’s a look at the latest expert projections to show you why that isn’t going to happen. According to Jacob Channel, Senior Economist at Lending Tree: “At least right now, the fundamentals of the economy, despite some ...