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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....
Millennials are plunging ahead into homeownership, despite the growing expense contributed by rising interest rates, according to new data from Ellie Mae
Millennials are plunging ahead into homeownership, despite the growing expense contributed by rising interest rates, according to new data from Ellie Mae.   During September, 89 percent of Millennial loan volume was for home purchases, three percentage points higher than a year ago, while 88... more
Mortgage purchase and refinance activity took a tumble while the gap between appraisers and homeowners on property valuations continued to close a gap
Mortgage purchase and refinance activity took a tumble while the gap between appraisers and homeowners on property valuations continued to close a gap.   Mortgage applications decreased 3.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly... more
Four percent of mortgages were in some stage of delinquency during August, according to new data from CoreLogic
Four percent of mortgages were in some stage of delinquency during August, according to new data from CoreLogic. This represents a 0.6 percentage point decline from August 2017, when the rate was 4.6 percent.   The foreclosure inventory rate in August was 0.5 percent, down 0.1 percentage point from... more
Nearly $450 billion was spent on roughly 113 home improvement projects between 2015 and 2017, according to a NerdWallet analysis of U.S. Census Bureau data from the American Housing Survey
Nearly $450 billion was spent on roughly 113 home improvement projects between 2015 and 2017, according to a NerdWallet analysis of U.S. Census Bureau data from the American Housing Survey.   NerdWallet also reported that 72 percent of homeowners believed spending money on home improvements always... more