by Russell Boyd | Oct 29, 2020 | California Real Estate Press, National Real Estate Press, Press Room, Ventura County Real Elestate Press
The average U.S. mortgage rate for a 30-year fixed loan remained steady this week, gaining one basis point to 2.81%, Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.32%, falling from last week’s 2.33%. After this week’s...
by Russell Boyd | Oct 27, 2020 | California Real Estate Press, National Real Estate Press, Press Room, Ventura County Real Elestate Press
As the coronavirus began sweeping through the country in March, many states issued shut-down orders for businesses, putting as many as 40 million people out of work by May. On March 27, Congress passed the CARES Act to offer economic relief to those affected by the...
by Russell Boyd | Oct 26, 2020 | California Real Estate Press, National Real Estate Press, Press Room, Ventura County Real Elestate Press
All of the following conditions are required to allow a garage conversion without permits for all financing: · If a garage was converted without a permit, the appraiser must show the value as a garage, not as a converted room. The appraiser must also estimate a cost...
by Russell Boyd | Oct 24, 2020 | California Real Estate Press, National Real Estate Press, Press Room, Ventura County Real Elestate Press
Sales of existing homes took off in September, jumping 9.4% from August to a seasonally adjusted annual rate of 6.54 million, the National Association of Realtors said in a report on Thursday. Compared to a year ago, sales are up 20.9%. “Home sales traditionally taper...
by Russell Boyd | Oct 23, 2020 | California Real Estate Press, National Real Estate Press, Press Room, Ventura County Real Elestate Press
The average U.S. mortgage rate for a 30-year fixed loan fell to 2.8% this week, another record low, Freddie Mac said in a report on Thursday. The rate fell one basis points from the week prior and is now six basis points lower than the original all-time low set in...
by Russell Boyd | Oct 22, 2020 | California Real Estate Press, Press Room, Ventura County Real Elestate Press
C.A.R. Newsline: California housing market outperforms expectations, breaking record high median price for fourth straight month, C.A.R. reports – Existing, single-family home sales totaled 489,590 in September on a seasonally adjusted annualized rate, up 5.2...
