In July, housing confidence increased as more Americans reported now is a good time to buy, according to Fannie Mae’s latest Home Purchase Sentiment Index. According to the GSE’s report, sentiment rose by 2.2 points in July to 93.7. Not only is this a 7.2-point increase from last year’s level, but it also marks a new […]
Americans have never felt better about buying a house than they do right now Read More »
A new Bay Area startup is offering prospective homebuyers a path to ownership without having to put any money down. ZeroDown, the rent-to-buy service launched Tuesday wants to give people that can’t save up for a big downpayment a chance to buy, but still, it’s not going to come cheap. “Ask anyone in the Bay Area and
The typical working-age American earns about $41,400 each year. In most parts of the world, an income at that level would guarantee an extraordinarily high standard of living. Yet few Americans move to Lagos or Mumbai—or even Palermo—despite the apparent gains to be made. The reason, of course, is that the typical American cannot earn anything close
You Still Might Be Able to Afford a House in San Francisco Read More »
More than 20 percent of California’s top public high schools are located directly in Silicon Valley or in neighboring areas to the south and west, according to the latest annual rankings by US News & World Report. In fact, the top two local schools are in Gilroy and Santa Cruz. In Gilroy, Dr. T.J. Owens
These Silicon Valley-area public high schools get top grades from US News & World Report Read More »
In this two-minute video, you’ll learn the difference between an adjustable-rate mortgage (ARM) and a fixed-rate mortgage. Summary Loan terms are 15, 20 and 30 years. Fixed-rate mortgages may offer predictability and stability with a rate that doesn’t change. A 5/1 ARM has a fixed rate for the first five years. The initial rate of
The difference between adjustable-rate and fixed-rate mortgages? Read More »
Getting a mortgage preapproval can give you a big advantage in the home-buying process. This golden ticket involves some of the same steps as a mortgage application. You provide detailed information on an application about your income, debts and assets. The lender does a hard credit check. Soon, if you’re approved, you’ll receive a loan
Everything you should know about getting preapproved for a mortgage Read More »
The 30-year average drops to 4.06%, lowest in more than a year Decline is giving a boost to the slowing U.S. housing market U.S. mortgage rates fell by the most in more than a decade, giving homebuyers a crack at the lowest loan costs since early 2018. The slowing housing market could use the boost.
Buyers Catch a Break as Mortgage Rates Fall Most Since 2008 Read More »
The Federal Reserve is signaling that it may be done hiking interest rates this year, amid signs of economic slowing. The Federal Reserve’s Open Market Committee on Wednesday left its target rate unchanged at 2.25 percent to 2.5 percent. More than half the committee’s members signaled they don’t expect any additional rate increases this year. That’s a
Fed Signals Rate Hikes May Be Over For 2019 Read More »
WASHINGTON (March 20, 2019) – New findings from a National Association of Realtors® survey show that more Americans believe that now is a good time to purchase a home. Consumer opinions about home buying bounced back in the first quarter of 2019, with 37 percent stating that they strongly believe now is a good time
Vast Majority Think 2019 First Quarter is Good Time to Buy Home, says Realtor® Survey Read More »
Uber, Lyft, Airbnb and Pinterest plan to go public. California’s newly minted rich will be hungry for parties, houses, boats, bikes — and ice sculptures. SAN FRANCISCO — Big wealth doesn’t come in monthly paychecks. It comes when a start-up goes public, transforming hypothetical money into extremely real money. This year — with Uber, Lyft,
Thousands of New Millionaires Are About to Eat San Francisco Alive Read More »
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