New Home Sales Rise Despite 7% Mortgage Rates: Economist Optimistic Amid challenges like low supply and high prices, prospective homebuyers are paying attention to new construction, which offers more incentives and availability than previously owned homes. Sales of new single-family houses surged by 8.3% in March from a year earlier, with a median sales price…

In the ever-evolving landscape of real estate, securing a mortgage as a self-employed individual has historically presented unique challenges. However, with the shifting dynamics of the workforce and the rise of entrepreneurship, lenders are adapting to accommodate the needs of self-employed borrowers. If you’re a self-employed Californian looking to buy a home, understanding the guidelines…

New-Home Sales Surge, Biggest Jump Since Dec. 2022 Sales of newly built homes in the U.S. surged in March, marking the most significant increase since December 2022. The robust demand propelled sales to their highest level since September 2023, just before mortgage rates began to climb to 7%. According to the Commerce Department’s report, new-home…

Refi Demand Surges Despite Rates Above 7%: Here’s Why Mortgage demand remained steady for the third consecutive week, with a slight uptick in total application volume. However, there was a notable divergence between those seeking new home purchases and those opting for refinancing to save money. While applications for home purchases decreased by 5% compared…

In the realm of personal finance, consumer debt is a formidable adversary that many individuals grapple with on a daily basis. In recent times, this challenge has been amplified by consumer debt reaching unprecedented levels. While this may sound alarming, there are strategies available to help individuals manage and even alleviate their debt burdens. One…

Freddie: Elevated Mortgage Rates Amid Inflation Concerns Freddie Mac’s latest economic forecast anticipates mortgage rates to stay at 6.5% for the first half of the year due to concerns over inflation. The Federal Reserve’s response to economic growth and inflation expectations suggests that rate cuts are unlikely until at least the summer, maintaining elevated treasury…

US Existing Home Sales Soar to 1-Year High Sales of previously owned US homes saw a remarkable surge in February, hitting the fastest in a year, indicating a market adjustment to higher mortgage rates. According to National Association of Realtors data, contract closings rose 9.5% from the previous month, reaching an annualized rate of 4.38…

Are you tired of dreaming about owning a home in the Golden State, only to be met with the harsh reality of sky-high housing prices? Well, get ready to turn those dreams into reality because the California Dream program 2024 is here to make affordable housing a possibility for you. What is the California Dream…

US Housing Costs Soar as Listings Surge The median monthly housing payment in the US nearly reached its historical peak, hitting $2,686 by March 10, only $30 less than the record high last October when mortgage rates surged above 7%. This surge in housing costs is primarily attributed to persistently high mortgage rates and escalating…