Residential

A pilot program has been introduced in Los Angeles County that will encourage homeowners to build a second dwelling on their properties that will provide housing house homeless people
A pilot program has been introduced in Los Angeles County that will encourage homeowners to build a second dwelling on their properties that will provide housing house homeless people.   According to a Los Angeles Daily News report, the county’s board of supervisors approved the program this week... Keep Reading....
The Federal Housing Finance Agency (FHFA) had modified the High LTV Streamlined Refinance program designed to help borrowers who are current on their mortgage but are unable to refinance because their loans have loan-to-value (LTV) ratios that exceed the maximum limits set by Fannie Mae and... more
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Fixed mortgage rates took another spill this week, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.89 percent for the week ending Aug. 17, down from last week when it averaged 3.90 percent. The 15-year FRM this week averaged 3.16 percent, down from last... more
A pair of new data reports is offering new insight on the current state of housing-fueled prosperity.   A study released by Zillow has found nearly one in 20 residential ZIP codes can be defined as a “$1 million neighborhood,” which means at least 10 percent of the homes in those communities are... more
Single-family housing starts in July were at a rate of 856,000
Home sales during July dropped 0.8 percent year-over-year and plummeted by 15.8 percent compared to June, but the median sales price of $239,500 was up 7.4 percent from one year earlier, according to new data from RE/MAX.   Nineteen of the 54 metro areas experienced tracked by RE/MAX saw an... more