Home prices reach new all-time highs in August

The S&P CoreLogic Case-Shiller home price index rose more than expected in August, hitting an all-time high. National home prices continued to rise in August, reporting a 6.1 percent annual gain on the S&P’s most broad indicator. This was better than the 5.8 percent increase expected by economists polled by Reuters. “Home price increases appear […]

Supreme Court Declines Affordable Housing Case

The U.S. Supreme Court has decided not to weigh in on a legal dispute in California over payments some municipalities require developers to make to support affordable housing. The case was being closely watched across the country, as similar permit policies are becoming more prevalent nationwide. The case stems from a dispute over payments the […]

NEW LISTING! Fully Remodeled 5 Bedroom two story with downstairs bedroom in Simi Valley

  Call Ryan Huggins today at 805.905.4000 to see this one of a kind home in Simi Valley!  Location! Condition! Perfection! Come see this ONE-OF-A-KIND totally remodeled home with a fabulous floorplan and too many upgrades to list! It’s light and bright, over 2,200 sf, with 5 large bedrooms and 3 remodeled bathrooms and features […]

How to know when you should drop the asking price on your home

High demand and low supply have made it a seller’s market pretty much all over the country, and especially for lower-priced homes. That does not mean every house will sell or sell quickly. Price is still important, especially as some markets begin to overheat. The low number of listings has made the market more competitive, […]

Evictions Are a Growing Threat to Renters

About 20 percent of renters couldn’t pay their rents in full for at least one of the past three months, according to a new report from Apartment List, based on 41,000 respondents. As a result, about 3.3 percent of renter respondents say they had experienced an eviction. Researchers extrapolated the findings to estimate about 3.7 […]

Mortgage Rates Jump to 3-Month High

Mortgage rates reached their highest averages since July this week. “The 10-year Treasury yield surged this week, jumping 12 basis points,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate followed suit, increasing 6 basis points to 3.94 percent. Today’s survey rate is the highest rate in three months.” Freddie Mac reports the […]

Luxury homes can’t keep up with high demand

The supply shortage that has been plaguing the nation’s housing market for the past two years has now affected the most expensive homes. The number of multimillion-dollar listings is suddenly dropping, and that is only making these pricey homes, well, pricier. The top 5 percent of homes by price sold in the third quarter saw […]

Ryan Brought the Buyer to this Wonderful Santa Clarita Home!

  Ryan is proud to announce that he has gotten his first time buyer’s offer accepted on this wonderful two story home in Santa Clarita!  Ryan helped them find the perfect lender, the perfect home and write the perfect offer!  What makes this even more special, is that these buyers were referred to Ryan from […]

House flipping is making a comeback thanks to rising home prices

House flipping, which declined after the financial crisis in 2008, is on the rise again, thanks to low interest rates and rising home prices. And with the renewed interest comes investors looking for a high return. But the real estate strategy — in which a home is bought, renovated and resold quickly — requires fast […]

US existing home sales unexpectedly rebound in September

U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall activity. The National Association of Realtors said on Friday existing home sales rose 0.7 percent to a seasonally adjusted annual rate of 5.39 million […]

Single-Family Rental Yields Are Softening

The overall health of single-family rental market is strong, with a nationwide effective gross yield (EGY) of 8 percent, according to the quarterly rental investment index released by HouseCanary, a data analytics company for real estate professionals. At the state level, there are vast differences between average yields in the Midwest and South, where EGYs […]

‘The housing market can’t take the shock of a natural event,’ real estate economist warns

The exact tally is still impossible to calculate, but at least 10,000 homes and other structures have been destroyed by floods, winds and fires in the past three months. Given the acute construction labor shortage that was already at play before these disasters, reconstruction and its repercussions in residential real estate could pose yet another […]

Airbnb Now to Build its Own Apartments

Airbnb, a short-term rental startup, plans to overcome its disputes with cities over short-term leasing by building its own apartment buildings. The company plans to build a 324-unit apartment building near Walt Disney World Resorts in Kissimmee, Fla., and says it plans to build more in the near future. The first building in Florida will […]

Wisconsin Bans Major Rent-to-Own Operator

Vision Property Management, one of the nation’s largest operators of rent-to-own homes, has been banned from operating in the state of Wisconsin. The state’s court has issued a temporary injunction against the firm while a legal battle continues on over the quality of homes that the company is renting to tenants The Wisconsin Department of […]