Real Estate News

July 20, 2019

One of America's Best!!

I am thrilled to be recognized on REAL Trends + Tom Ferry’s 2019 list of America’s Best Real Estate Professionals. Being included among the top 1% of real estate professionals in the U.S. is a true honor. Thank you to our colleagues, community and clients who have made this achievement ...

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Posted in Real Estate News
July 10, 2019

Delinquency rates hit 20-year low

Delinquency rates hit 20-year low

| Jul 09, 2019

Home delinquency rates have reached a 20-year low, an indication that fewer homeowners are struggling to make mortgage payments than ever before, according to the latest CoreLogic data.

Nationwide, only 3.6 percent of homeowners fell into some sort of delinquency on ...

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Posted in Real Estate News
July 2, 2019

Home price growth accelerates for first time in 14 months

Home price growth accelerates for first time in 14 months

| Jul 02, 2019

For the first time in 14 months, home price growth is accelerating.

 

Nationwide, home prices grew by 3.6 percent in May year-over-year and 0.9 percent from April, according to the latest data from CoreLogic ...

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Posted in Real Estate News
April 5, 2019

ECONOMIC UPDATE

Refinance Revival ~ April 5, 2019

After last week's largest one-week decline in mortgage interest rates in a decade, the Mortgage Bankers Association reported a 39% increase in its Refinance Index on top of a 12% gain the previous week. This brought the index, based on mortgage applications, to ...

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Posted in Real Estate News
Jan. 31, 2019

MISPLACED WORRIES OVER QUANTITATIVE TIGHTENING

MARKETS AND ECONOMY

Misplaced Worries Over Quantitative Tightening

As the Fed slowly removes accommodative monetary conditions that were put in place during the last recession, there’s some concern about tightening financial conditions spurring a new downturn. But financial conditions and monetary conditions aren’t the same, and the Fed’s recent actions ...

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Posted in Real Estate News
Jan. 16, 2019

AS MAJOR URBAN REAL ESTATE MARKETS COOL, LAKE TAHOE’S RESORT MARKETS THRIVE

As Major Urban Real Estate Markets Cool, Lake Tahoe’s Resort Markets Thrive

2018 was a good year for Lake Tahoe, Truckee and the surrounding area real estate market. While major urban and suburban markets experienced a cool down fueled by buyer price exhaustion and supply factors that play into frenzied ...

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Posted in Real Estate News
Jan. 11, 2019

TAHOE RENO 2018 YEAR-END REAL ESTATE DATA

2018 Year-End Real Estate Market Reports

2018 was a good year for Lake Tahoe, Truckee and the surrounding area real estate market. While major urban and suburban markets experienced a cool down fueled by buyer price exhaustion and supply factors that play into frenzied markets, Northern California and Nevada resort ...

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Posted in Real Estate News
Dec. 29, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

S&P Case-Shiller Home Price Index

The S&P Case-Shiller Home Price Index for October saw a rise of +.4% vs. the prior month, a larger than expected increase. Looking back at September’s monthly growth, we have a positive revision to +.7% from the previously reported +.3%. However, if we look year-over-year ...

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Posted in Real Estate News
Oct. 30, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

MARKET UPDATE

Pending Home Sales (an index of contracts signed on existing homes) went up 0.5% in September. This indicates a modest boost in existing home sales come October.

But September New Home Sales skidded down 5.5%, to a 553,000 annual rate. Yet the trend stays upward ...

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Posted in Real Estate News
Oct. 24, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

MARKET UPDATE

Hurricane Florence blew September Housing Starts down 13.7% in the South, though they were up 3.8% in the rest of the country. So, starts overall slipped 5.3%, to a 1.201 million annual rate.

The National Association of Home Builders chairman noted their confidence index ...

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Posted in Real Estate News