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California Home Sales and Prices Drop
Existing, single-family home sales is California totaled 397,060 in October on a seasonally adjusted annualized rate, a 3.8 percent increase from September but a 7.9 percent drop from one year earlier
Existing, single-family home sales is California totaled 397,060 in October on a seasonally adjusted annualized rate, a 3.8 percent increase from September but a 7.9 percent drop from one year earlier, according to data from the California Association of Realtors (CAR).   The statewide median home... Keep Reading....
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Sales of new single-family houses in February 2018 at a seasonally adjusted annual rate of 618,000, according to estimates released the U.S. Census Bureau and the U.S. Department of Housing & Urban Development (HUD)
 New data from the Mortgage Bankers Association’s (MBA) Builder Application Survey has determined mortgage applications for new home purchases increased by 11 percent from September to October, but were down by 2.1 percent from October 2017.   The MBA estimated new single-family home sales were... more
Greetings, reader. For those reviewing these survey findings for the first time, welcome. My name is Tom LaMalfa. I’ve done research in mortgage finance for the past four decades. Of late, my focus has been on survey research, namely meeting and interviewing senior mortgage executives about major... more
Potential homeowners burdened with student loan debt can be limited in their buying by as much as $92,440, according to new data from Zillow
 Potential homeowners burdened with student loan debt can be limited in their buying by as much as $92,440, according to new data from Zillow.   Student debt topped $1.56 trillion in the third quarter, a new record. Zillow’s data analysis determined the average monthly student debt payment for... more
Mortgage rates were mostly in a holding pattern in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)
 Mortgage rates were mostly in a holding pattern in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) averaged 4.94 percent for the week ending Nov. 15, unchanged from last week. The 15-year FRM this week averaged 4.36 percent, up from last week when... more

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