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Will rates go down in September 2021??? Good news for Home Buyers

Tim Lucas The Mortgage Reports Editor September 10, 2021 - 14 min read   Mortgage rate forecast for next week (September 12-18, 2021) Despite Thursday’s report from the Labor Department, citing unemployment claims dropping to a new pandemic low, it looks like low mortgage rates should remain in place for the remainder of the summer. Thursday’s jobs repo...

The Death of Single-Family Zoning: Senate Bill 9 (SB-9)

 September 27, 2021 by  Tim Burke  On September 16, 2021, Governor Gavin Newsom signed Senate Bill 9 (SB 9), also known as the California Housing Opportunity and More Efficiency (HOME) Act. The passage of SB 9 will forever change single-family zoning in the state of California. The bill was created with the purpose to increase housing in the state. SB 9 allows homeow...

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Fannie, Freddie loan limits set for record 50-year leap in 2022

BY MATT CARTER October 05, 2021 The surge in home prices during the pandemic could fuel the biggest dollar increase in the conforming loan limit for Fannie Mae and Freddie Mac in records dating to 1970. An increase in the conforming loan limit means more homebuyers will be able to apply for conforming mortgages instead of “jumbo” loans, which are typically harder to ...

Zillow, facing big losses, quits flipping houses and will lay off a quarter of its staff

Nov. 2, 2021  Daily Business Briefing By Stephen Gandel https://www.nytimes.com/live/2021/11/02/business/news-business-stock-market#zillow-q3-earnings-home-flipping-ibuying Zillow, the real estate website known for estimating house values, said on Tuesday that it would exit the business of rapidly buying and selling houses amid heavy losses and that it planned to let go ab...

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How Is Real Estate Looking For LA Going Into 2022??

10 housing questions Southern California must answer in 2022 Cash buying’s hot — 30% of IE sales, up 65%; 29% of LA-OC buying, up 64%. By JONATHAN LANSNER | jlansner@scng.com | Orange County Register PUBLISHED: December 30, 2021 at 8:42 a.m. | UPDATED: January 1, 2022 at 3:46 p.m. Forecasting Southern California’s housing market i...

No, the housing market isn’t in a bubble. But there still are many things to worry about in 2022.

By Mark Zandi January 6, 2022 at 8:00 a.m. EST House prices are sizzling. Not just in swanky neighborhoods in the nation’s big cities or in resort towns. Not just in the suburbs or exurbs. Not just in inner cities or in rural areas. Just about everywhere. House prices were rising strongly before the pandemic, but since the pandemic hit they’ve been on a tear. The media...

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How many records can Southern California home prices break? Last year, 10!

BY ANDREW KHOURISTAFF WRITER  JAN. 21, 2022 5 AM PT https://www.latimes.com/business/story/2022-01-21/southern-california-median-home-price-nears-700-000-record-high-december-2021 Southern California home prices hit another all-time high in December, capping a year of sharp growth that left many first-time buyers frustrated while homeowners counted their equity gains. ...