Why 2022 Might Still Be the Right Time to Buy

by arnielevine | Apr 3, 2022 | Current Affairs, Finance, San Diego Real Estate

Housing PerspectiveIn addition to an extremely tight housing market in California, prospective homebuyers are also now facing the prospect of arising cost of living on everything from cars to gas to groceries to consumer goods. This, in turn, has triggered a more...

The Market & Industry: Market still strong, stabilizing; Freddie Mac & Fannie Mae predict home prices will continue growing; mortgage rates rise slightly

by arnielevine | Oct 28, 2021 | Finance, San Diego Real Estate

U.S. home sales rebounded in September, with existing home sales increasing 7 percent. Sales recorded a seasonally adjusted annual rate of 6.29 million in September, a decrease of 2.3 percent from a year ago. Total housing inventory continued to fall, with listings...

Second Foreclosure Crisis Unlikely?

by arnielevine | Sep 30, 2021 | Finance, Riverside foreclosure news, San Diego Foreclosure news

There is no doubt that the coronavirus pandemic was an unprecedented shock. However, unlike the 2008 financial crisis, housing was a bystander as external forces disrupted the macro environment rather than a culprit in building up systemic, fundamental imbalances in...

Last week from Sept. 1, 2021 the state of California began sending out $600 state stimulus checks EZ answers here

by arnielevine | Sep 8, 2021 | Covid, Current Affairs, Finance

Last week, the state of California began sendingout $600 state stimulus checks to taxpayers earning up to $75,000, part of the Golden State Stimulus plan intended to help residents get back on their feet during the slow economic recovery. A first round of $600...

Update Aug. 2021 On Homebuyer bidding-war rates drop to lowest level since January

by arnielevine | Aug 31, 2021 | Current Affairs, Finance, San Diego Real Estate

Nearly two-thirds of home offers written by Redfin agents faced competition in July, down from a revised rate of 66.5% in June and a pandemic peak of 74.1% in April. While July’s bidding-war rate was the lowest since January, it was still higher than the 57.9%...

Why the End of Forbearance Will Not Lead to a Wave of Foreclosures or will it?

by arnielevine | Aug 31, 2021 | Current Affairs, Finance, Home buying, San Diego Real Estate

1. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year,...