The Millennial “Boomerang” Generation in California Housing.
Having graduated college in the aftermath of The Great Recession—the worst recession in the U.S. since The Great Depression—Millennials’ job prospects and future earnings potential have been limited from the start of their careers. Despite the societal norms of previous generations, going to college no longer guarantees the ability to acquire a good job, and even if you do secure a […]
Mid-year mortgage interest rate market update.
Here is an interesting post from a colleague, Nevin Miller, in Marin County, in the bay area. He’s been right more times than not, so its good to hear what he has to say. “Just what the heck is going to happen with interest rates? I get that question a lot – so let’s […]
Mortgage Rates Hit a Six-month High This Week.
ortgage rates hit a six-month high this week and the forecast is for 4.5% to be the new normal by the end of 2015, but what’s driving it and how will it affect investors and the economy overall? Mike Fratantoni, chief economist for the Mortgage Bankers Association, says a combination of domestic and global factors […]
A Real Estate Feature Post. House hunting is like dating.
House hunting is a deeply emotional experience that often starts out exciting but might wind through multiple disappointments before you find The One. Kinda sounds like dating. Weird, right? And if house hunting is like dating, then open houses are most definitely the first date. You get all the feels. You ask yourself, “Could I […]
deasy/penner&deFazio Market Report 1st Q 2015.
What’s Sold and What’s For Sale in Pasadena — February 2015.
We keep track of Pasadena’s real estate market, which often differs from what the media reports for the nation and the state of California. Here is a look at February’s national and Pasadena markets. See here for a look at California’s market. U.S. Real Estate Homes for sale continued to be in tight supply almost everywhere in […]
Southern California Home Sales Fall in January.
Despite many promising factors leading into 2015, home sales in January fell sharply from December, a modest dip from a year earlier and the 14th month in the last 16 to post year-over-year declines. While a decline in sales is typical during the winter months, many experts were hopefully that the abnormally low mortgage rates […]
December real estate numbers — Important if you are thinking of buying or selling.
December real estate numbers — Important if you are thinking of buying or selling: An estimated 36,468 new and resale houses and condos were sold in California in December 2014. That was up month over month by 23.8 percent from 29,459 sales in November 2014, and up year over year by 4.3 percent from 34,949 […]
Renting is Now Twice as Expensive as Buying Houses in the US.
Renting is now twice as expensive as buying real estate in the USA. Rents all over the US continue to soar upwards, online real estate database Zillow has recently found out that renting a home is now twice as expensive as buying one. According to a Zillow affordability report, in the third quarter of 2014, […]