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In October, California experienced sluggish home sales due to rising interest rates in August and September, dampening buyer activity and further depleted housing inventory. Despite robust economic indicators, such as job growth and unemployment below 5%, emerging signs suggest that the overall e...

I wish you and your loved ones a Thanksgiving filled with love, happiness, and blessings.The National Association of REALTORS® (NAR) released its 2023 Profile of Buyers and Sellers, which provides insights into the characteristics and behaviors of home buyers and sellers in the United States. The...

How Smart Pricing Works:
Smart pricing algorithms consider a wide range of factors, including:
Comparable sales: The prices of recently sold condos in the same area and with similar features.
Current market conditions: The current level of demand for condos in the area, as well as overall economi...

VA loans can be a great way for veterans, service members, and their eligible spouses to achieve their dream of homeownership.

No down payment required: VA loans do not require a down payment, which can save borrowers thousands of dollars upfront.

Competitive interest rates: VA loans typically ...

Happy Veterans Day!

Have you ever wondered how mortgage rates swiftly shifted from 8%+ to under 7.5%?
Here's my take:

The Fed's Second "Skip": The Federal Reserve's decision was pivotal.
Job Market Tidings: Weaker-than-expected job numbers from ADP and BLS influenced the landscape.
Market Senti...

While recent updates on the housing market haven't been the cheeriest, there are some positive developments to be grateful for this Thanksgiving month. Mortgage rates have significantly dropped, benefitting buyers, and home prices continue to climb for sellers.
The Case-Shiller Index has recorded...

As the US population (and household numbers) grows, it should be natural for existing home sales to grow as well. Household growth is the underlying driver of housing demand. Active inventory (the number of existing homes available for sale) plus new homes built is the supply.

However, Mortgage ...

The US economy surprised. 3rd quarter US GDP rose 4.9% on an annualized basis. That’s the fastest rate of growth since 4Q 2021, and more than double the +2.1% posted the previous quarter. Consumer spending (which represents ~70% of GDP) and private fixed investment (~18% of GDP) drove the better-...

At the end of August, average 30-year mortgage rates plunged from 7.50% to 7.08%, and hope was building that a return to 6% rates was in sight. Since then, the 10-year US treasury has moved sharply closer to 5%, and mortgage rates have jumped above 8%. And while more Fed members suggest that the ...