Real Estate News

What’s going on in Real Estate around Ventura County, The state of California, and Nationally.

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

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...

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

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...

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FHFA Cuts Upfront Fees for First-time Buyers

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 implementing...

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

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...

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

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®...

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Jobs, October 7, 2022

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%...

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Happy Halloween? Mortgage Rates Average 6.66%

Home buyers may be tempted to expand their search criteria to find places that offer greater affordability farther away from city centers. Nadia Evangelou, senior economist and director of forecasting for the National Association of REALTORS®, notes that rural areas,...

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Mortgage Rates, October 6, 2022

Mortgage rates took a breather this week. According to Freddie Mac, the 30-year fixed mortgage rate fell slightly to 6.66% from 6.70% the previous week. While there are mixed signals from the labor market, investors await the employment situation report that will...

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C.A.R’s Weekly Market Minute 10/02/2022

October 03, 2022 – Americans’ confidence rose to the highest level in six months in September and their spending remained steady despite higher prices. Wage growth, however, is not keeping pace with inflation and thus consumers are increasingly relying on their...

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Help C.A.R. DEFEAT SB 1105 and SB 679

As the California legislature closes out the 2020-2022 legislative session, which concludes at the end of this month, C.A.R. is strongly opposing two bills currently before the legislature — SB 1105 (Hueso) and SB 679 (Kamlager). Both bills create housing agencies with the power to impose a range of new property taxes on homeowners.

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June Home Sales and Price Report

Existing, single-family home sales totaled 344,970 in June on a seasonally adjusted annualized rate, down 8.4 percent from May and down 20.9 percent from June 2021.

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Pending Home Sales Edge Higher 0.7% in May

Pending home sales broke a six-month skid with a slight rise of 0.7% from April. Pending sales in the Northeast accelerated 15.4% in May, the largest monthly increase among the four major U.S. regions. Compared to a year ago, three out of four regions – Northeast,...

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Save water. Save California.

As the state’s drought conditions continue to worsen, Californians have been asked to voluntarily reduce water use by 15%. If conservation efforts don’t improve this summer, the state could be forced to impose mandatory water restrictions throughout the state. - Turn...

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NAR Applauds FHFA Equity Plan for GSEs

WASHINGTON (June 8, 2022) – The Federal Housing Finance Agency (FHFA) released finalized equity plans Wednesday for Fannie Mae and Freddie Mac. According to the FHFA, the plans are intended to “address barriers experienced by renters, aspiring homeowners, and current...

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C.A.R. Market Minute

Rising interest rates and climbing home prices moderate California home sales as statewide median price sets another peak. Builder confidence hits lowest level since June 2020. Weekly mortgage demand from homebuyers tumbles, as higher interest rates curb sales....

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DRE Bulletin Digest Winter 2018/19

It’s time to dive into another Department of Real Estate (DRE) Real Estate Bulletin and see what they have on their plate this year. Read the winter 2018/19 DRE Bulletin Digest Winter 2018/19

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California home sales rebound in February 2019

- Existing, single-family home sales totaled 399,080 in February on a seasonally adjusted annualized rate, up 11.3 percent from January and down 5.6 percent from February 2018. - February’s statewide median home price was $534,140, down 0.6 percent from January and up...

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7 Reasons to Work With a REALTOR®

REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference for home buyers: Ethical treatment. Every REALTOR® must adhere to a strict code of ethics,...

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Mortgage Rates fall to a 12-Month Low

WASHINGTON — For all the fretting over rising mortgage rates, they continue to do just the opposite. Mortgage rates have been steadily falling or holding ground since last November, and the average rate on a 30-year fixed-rate mortgage is now the lowest in a year....

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Russell Boyd |  DRE#: 02074486

Direct: 805.746.1368 / Office: 805.643.0000x703 / Email: russell@russellboyd.realtor
Sun Coast Real Estate Downtown, 31 South California Street Ventura, CA 93001

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