Author: admin
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New Listing: 168 Selima Pacheco, CA 94553
Welcome to 168 Selima Way, a gem nestled in the heart of Pacheco, CA. This single-family residence exudes charm and modern comforts, making it a perfect haven for those seeking a harmonious blend of style and functionality. As you step inside, you're greeted by timeless hardwood floors that flow effortlessly throughout, punctuated by elegant tilework…
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Mortgage rates inch up, lingering above 7%
Mortgage rates have increased this week after two weeks of slight declines, and have remained over 7% for five consecutive weeks due to inflation pressure. The Federal Reserve is closely watching inflation data in order to determine its next move, and economists expect inflation to decline in coming months as housing costs fall. However, the…
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Want to save the most on today’s mortgage rates? Try shorter terms | September 14, 2023
Credible, a personal finance marketplace, has compiled data on mortgage rates for home purchases and refinances. For home purchases, rates for 30-year terms have edged down to 7.5%, while 10-year terms have dropped by more than a quarter of a percentage point to 6.25%. Homeowners interested in saving the most on interest rates should consider…
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Here’s What Happens When Your Mortgage Loan Is Sent to Underwriting
The process of getting pre-approved for a home loan is the first step to buying a home. After being pre-approved and making an offer, the loan will go to underwriting. During this process, an underwriter will assess the risk of the loan by thoroughly reviewing the borrower's financial credentials. This includes pay stubs, tax returns,…
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US Housing Trends Monthly Update
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California Has Lost Population but There Is Still a Housing Crisis
California experienced a population decline of ~800K residents between 2020 and 2023.
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Great Places to Live in California
Calistoga A tranquil town with rejuvenating hot springs, spas, and a wine country backdrop, attracting visitors for wellness and relaxation.
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Luxury Mansions Hit Market Discounts
Discounts surge as market changes, even ultrarich buyers affected.
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How Realistic is Orange County’s New Housing Plan?
Orange County officials are moving forward with a new housing plan that could bring over 10,000 new homes to unincorporated county, but Supervisor Katrina Foley is questioning its realism due to some of the proposed sites already being developed. She voted with her colleagues to send the plan to state officials for approval, but it…
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Housing Density Rebellion Emerges in California
California Attorney General warns against alleged misuse of local zoning rules to block state housing laws. A new initiative was filed to give local governments power to override state housing laws.