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...
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...
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...
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...
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®...
by rb | Oct 9, 2022 | California Real Estate Press, Press Room, Ventura County Real Elestate Press
Job gains continued in September with a solid 263,000 net new additions. More Americans are working now than ever before, with 153 million on the payroll. The unemployment rate is tight at 3.5%, but the employment-to-population ratio is at 60.1% compared to 61.2%...
