According to the California Department of Finance, in the first five months of 2019, cities and counties issued a very low number of permits for residential building, making only 111,000 units per year (seasonally adjusted average). This is a decrease of 12.2 percent from the same period in 2018. Permits for multi-family units like apartments Read more about Building Permits decline in California[…]
This August 1st, you have the chance to buy a house with good equity in a good neighborhood. The House for Auction is located in Monterey Park, California. It has 3 Beds, 1 Bath, more than 1,200 living square feet, and more than 10,000 land square feet. The front has 74′ and the deep is Read more about Monterey Park House for Auction[…]
First Home Buyers, Residents of Santa Ana, California may qualify for a Down Payment Assistance Loan Program..! The program is funded through the City of Santa Ana Inclusionary Housing Fund and Community Development Block Grant program. The City is offering down payment assistance loans to first-time home buyers to provide assistance in the purchase of Read more about DownPayment Assistance Program for Santa Ana, CA Residents[…]
The bond market extended its positive reaction to yesterday’s Fed announcement of keeping the rates the same. This cause Mortgage rates plunged today. Mortgage News Daily reported FHA 30-Year Mortgage Rate was 3.60%, the Conforming 30-Year Mortgage Rate reached 3.79% and the Jumbo 30-Year Mortgage Rate was 3.85%. The Fed confirmed the market’s suspicion that Read more about Mortgage Rates Hit New Long-Term Lows[…]
Continued tariff tensions and weak retail sales data riled investors. The weakness signs in the world’s two largest economies: USA and China spurred inflows into haven assets like U.S. government paper. Uncertainty is causing an extra demand of U.S. bonds, dropping the Treasury rates and the Mortgage rates as well. In the mortgage demand side, Read more about Uncertainty pushing Mortgage Rates down again[…]
On Tuesday, April 2, 2019, Long Beach City Council voted to create an ordinance that will require landlords to provide financial assistance to those displaced by rent increases and some evictions. The new ordinance would consider rental assistance for tenants who were asked to pay a rent increase by more than 10 percent during a Read more about Rental Assistance in Long Beach, California[…]
Beautiful Condo for Sale in the quiet and peaceful community of Shady Grove, in Canoga Park. The current List Price is $420,000. The Condo has two big bedrooms upstairs with full bathrooms and their own walking closets. The hall between both rooms has plenty of cabinets. There is also a skylight that illuminates the winder Read more about Condo for Sale in Canoga Park[…]
On Friday, Mar 22, 2019, Atlas Capital Group, a New York-based real estate company, got the green light to build five seven-story apartment buildings across from a Metro Gold Line light rail station. The property is currently a vacant lot. Chinatown College Station is in a prime spot, sitting across from the new 32-acre Los Read more about New 725 Unit Apartments in Chinatown, Los Angeles.[…]
Mortgage rates broke a week-long streak of silence today following a policy announcement from the Federal Reserve. Today, the Federal Reserve (FED) announced a significant change in its loan portfolio policy consisting of Treasuries and Mortgage-Backed-Bonds. They decided to slow the pace of the decline in reserves over coming quarters provided that the economy and Read more about Mortgage Rates going deeper down..![…]
The new lows came due to a combination of three factors: news headlines, economic data, and the scheduled sale of US 10yr Treasury debt. International news about Brexit pushed down the mortgage rates. Brexit is the withdrawal of the United Kingdom (UK) from the European Union (EU), which is scheduled to take place on 29 Read more about Mortgage Rates dropped to 14-Months Low[…]