Mortgage Market Update
Mortgage rates trended downward last week. Construction spending hit an all-time high in January. Mortgage application submissions increased. The ADP employment report showed increases as well. Initial jobless claims rose while continuing jobless claims fell. Average hourly earnings saw gains, while average weekly hours declined slightly. Nonfarm, manufacturing, and private payrolls all surged. The unemployment […]
Understanding California's Proposition 19
California Proposition 19 is known as “The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act.”To assist taxpayers, the following provides general information on Proposition 19. Please continue to visit the California State Board of Equalization (BOE) website for updates, as additional legislation will
Bidding wars off the charts!
If you’re looking to buy a home and you’ve been browsing for some time, then you probably already know that bidding wars have become the norm. With record low interest rates driving buyer demand and COVID-19 preventing sellers from putting their homes on the market, we have found ourselves in a tightly squeezed market where […]
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