C.A.R. Applauds FHFA For Raising Conforming Loan Limits

by rb | Nov 29, 2022 | California Real Estate Press, Press Room, Ventura County Real Elestate Press

November 29, 2022 LOS ANGELES (Nov. 29) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the Federal Housing Finance Agency’s (FHFA) announcement to increase the 2023 conforming loan limits for mortgages acquired...

C.A.R.’s October Home Sales and Price Report

by rb | Nov 16, 2022 | California Real Estate Press, Infographgics, Press Room, Ventura County Real Elestate Press

For release:November 16, 2022 California home sales bear brunt of higher interest rates in October, C.A.R. reports Existing, single-family home sales totaled 274,040 in October on a seasonally adjusted annualized rate, down 10.4 percent from September and down 36.9...

C.A.R.’s Market Minute Update 11/07/2022

by rb | Nov 8, 2022 | California Real Estate Press, Press Room, Ventura County Real Elestate Press

November 07, 2022 – Last week there was more evidence of an economy that continues to slow. The economy added more jobs, but it was the slowest pace of growth in the past two years. Construction jobs remained relatively flat and single-family construction continued...

FHFA Cuts Upfront Fees for First-time Buyers

by rb | Oct 28, 2022 | California Real Estate Press, National Real Estate Press, Press Room, Ventura County Real Elestate Press

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced targeted changes to Fannie Mae and Freddie Mac’s (the Enterprises) guarantee fee pricing by eliminating upfront fees for certain borrowers and affordable mortgage products, while...

C.A.R.’s Market Minute Update 10/24/2022

by rb | Oct 24, 2022 | California Real Estate Press, Uncategorized, Ventura County Real Elestate Press

October 24, 2022 – Despite slowing its upward trajectory last week, the 30-year FRM has been increasing at the fastest rate in four decades causing acute affordability challenges and forestalling many consumers’ decision to buy a house. As a result, mortgage...

C.A.R.’s Market Minute Update 10/17/2022

by rb | Oct 19, 2022 | California Real Estate Press, Ventura County Real Elestate Press

October 17, 2022 – Buyer demand continues to dwindle as rising mortgage rates erode consumer purchasing power. And, with the latest inflation reading coming in hot, we can expect further increases from the Fed at their upcoming meeting. In addition, REALTORS®...