Are you struggling to make your mortgage payments on time? If so, you’re not alone. Over a quarter of Americans have seen their financial situation worsen since buying a home, and about 66% of Americans struggle to make mortgage…
In times past, homeowners could refinance their home mortgage loan in order to gain access to cash needed for expenses such as vacations, renovations, college, medical bills, or debt consolidation. This move put extra money in a homeowner’s pocket…
An FHA mortgage loan is insured by the Federal government. If the borrower defaults on the loan, the U.S. Department of Housing and Urban Development (HUD) will pay the lender and take possession of the property. This means lenders don’t have…
Taking out a mortgage loan to buy a home can provide a person with more than a place to live. It can be a financial asset to enable an individual to earn extra money. Additionally, it can help a person…
Selling or buying a home at the right time can make a ton of difference in an era with a volatile real estate market, and no other market in the nation keeps industry watchers guessing as much as Los Angeles…
With all eyes on the recent collapse of Silicon Valley Bank (SVB) for an incredible $209 billion, some wonder how and when the bank failure may impact the housing market, particularly the California market. In terms of raw size, the…
The rock-bottom mortgage interest rates that came about after the 2008 financial crisis and recession gave millions of Americans the opportunity to become homeowners. Rates remained historically low for more than a decade. When rates dipped below three percent in…
Logic suggests that the 2023 housing forecast is neither terribly bad nor exceptionally rosy. Industry analysts don’t expect a crash, but most don’t expect prices to continue climbing at the same rapid rate as they have in the past few…
At the close of the summer season, would-be homebuyers in Southern California saw encouraging signs that the robust real estate market was softening with reduced demand and an increase in the number of available listings. However, these mild changes haven’t…
One thought on the minds of future home buyers and sellers throughout Southern California is how home sales will fare in 2023, given the difficult economic factors currently impacting the industry. According to real estate company Redfin, home sales may…
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