Home prices are at an all-time high, and some experts are predicting they will increase by an added 3.5% by the end of 2024. This is bad news for anyone who wants to buy a home. At the same…
Los Angeles has felt the impact of higher mortgage rates harder than many other cities in the nation. From August 2021 to August 2023, just over 65,000 homes were sold, a 37% drop from two years ago. At the…
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…
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