Panic in housing market as Trump effect pushes mortgage rates up to 4%
Mortgage rates have now moved nearly a half a percentage point higher since Donald Trump was elected president. Source link …Read More
Real Estate News
Westside spec house fetches $100 million in complex sale
A spate of recent sales, including a nine-figure deal in Holmby Hills, has kept the market for high-end homes in Greater Los Angeles red hot through the month of October. Among the buyers and sellers was an NBA franchise owner and a …Read More
In decisive move away from plywood, Fannie Mae allows clear boarding in pre-foreclosure
As part of a continuing effort to fight blight and the negative effects that an abandoned house with boarded-up windows can have on a neighborhood, Fannie Mae will allow mortgage servicers to use clear boarding instead of plywood on …Read More
Why adults are embracing communal living
From WeLive to Common, coliving startups are giving adults the opportunity to redevelop community. Source link …Read More
Legal challenges slowing planned developments in Banning, Beaumont
The Sundance planned community on Beaumont’s eastern edge has one of the few bright spots of building activity in San Gorgonio Pass’ home development front. It likely will be 2018 or later before other big projects start framing in …Read More
Three Ways to Lose a Loan: Major Mistakes Borrowers Make
It’s a heady feeling to receive a formal letter advising you that you’ve been pre-qualified for more money than you’ve ever seen in your life. However, many buyers forget the “pre” part of pre-approval. Much can happen between pre-qualification and …Read More
What voters are saying in this Florida city crushed by foreclosures
Voters going to the polls in Port St. Lucie, Florida, where 1 in 5 mortgages are still underwater, have their pocketbooks top of mind. Source link …Read More
Miami, in unusual legal strategy, sues big banks to recoup losses during mortgage crisis
The housing collapse of 2008 nearly broke the city of Miami. Now, its leaders have embarked on a novel and aggressive legal strategy to recoup losses from the big banks they say created the crisis with discriminatory and predatory lending …Read More
Monday Morning Cup of Coffee: How did alleged serial killer get his real estate license?
The story is still developing on alleged serial killer Todd Kohlhepp, 45 and a registered sex offender living in South Carolina. But there is one key fact about Kohlhepp that is leaving those following the story shocked: How did …Read More
Why a lot of people are moving out of California
More U.S. residents are moving out of California than moving in. Source link …Read More