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1. Understanding the rent-to-own agreement2. Understanding the home’s purchase price 3. Making sure you’re ready for a mortgage

The limited supply of homes continues to affect affordability, particularly for first-time homebuyers, keeping prices from dropping further. Low housing inventory has been a challenge since the 2008, and it is unlikely to recover in 2023. Analysts are closely watching the economy, including inflation and interest rates, to gauge the market's direction. Borrowers in foreclosure…

The pandemic had a significant impact on the Real Estate market, with housing prices initially stalling and then ↑ by an avg of 33%. Factors such as low-interest rates, families feeling cramped after a year of sheltering in place, and supply chain issues contributed to a hot housing market. In the post-covid market era, experts…

Assembly Constitutional Amendment 10, proposed by Assemblymember Matt Haney, would give California voters the opportunity to enshrine housing as a fundamental right in the state constitution. This could dramatically reshape how the state confronts the housing crisis, as 40% of households in the state already spend more on housing than they can afford, and California…

However, Louisiana State Treasurer John Schroder and 33 other state treasurers and financial officers have criticized the new rule, arguing that it will take money away from those who have played by the rules and have a good credit score and saved enough to make a strong down payment. The Federal Housing Finance Agency defends…

Credible is a company that provides services and content related to improving finances, and offers an interest-only mortgage loan that allows homebuyers to only pay interest for a set period of time. This option is great for those who are seeking short-term home ownership, plan to refinance in the near future, or want to free…

Home prices in the US have been on the rise again since March, with a 0.45% increase from February. This is the third consecutive month of price increases. The increase is due to a sharp drop in new listings, which is creating a bidding war among buyers and more homes selling for above asking price.…

Spacious, airy kitchens are still the most in-demand home feature according to a recent survey. Well-organized laundry rooms are on the rise with some having special features like a steam closet that dries clothes for you. Laundry rooms with folding areas, sink, and cabinet storage are becoming more popular. 70s-style entertaining rooms are making a…

The median listing price in January was $400K, ↑ 8.1% yearly. The high prices can push potential buyers out of the market, so prices should be ↓. Also, the number of available homes for sale is still ↓, which is keeping upward pressure on prices. The avg rate on a 30-yr-fixed-rate mortgage ↓ to 6.12%,…

The median price of Condo/Townhome in California was ~$640K in March. This is ↑ 4.1% MoM and ↓ 3% yearly. The number of sales in March ↑ 39.4% MoM and ↓ 36.8%. The median time on the market in March was 17-day, ↓ MoM from 23-day.