Pending Home Sales Edge Up

Pending home sales edged up in December, 0.5 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 110.1 in December, up from 109.6 in November. The Index is based on contract signings. Two of the four major regions in the U.S. saw increases in the PHSI in December, […]

Pending home sales eke out 0.5 percent gain in December as supply shrinks to record low

The supply crisis is hitting housing hard, as strong demand quickly eats up what few listings there are. Home shoppers signed 0.5 percent more contracts to buy existing homes in December compared with November, according to a monthly pending home sales index from the National Association of Realtors. This was right in line with expectations. […]

California worst in the nation for new affordable construction

California is a great place to live — if you can afford the housing costs. For every four new California residents arriving between 2010 and 2016, only one new housing unit has been constructed, according to Redfin. For comparison, most states are still falling behind growth, with roughly two new housing units built for every […]

Home prices surge to new high, up 6.2% in November

The supply crisis in the housing market is not letting up, and consequently neither are the gains in home values. National home prices continued their run higher in November, rising 6.2 percent annually on S&P CoreLogic Case-Shiller’s most broad survey, up from 6.1 percent in October. Another S&P index of the nation’s 20 largest housing […]

Ryan brought the buyer to two off market properties in Simi Valley!

Ryan brought his investor clients to two properties not listed in the MLS!  These houses are going to be great remodels and are located centrally in Simi Valley!  Do either of them look like a place you’d like to live?  Call Ryan today at 805.905.4000 and you can buy them before the remodel is done, […]

Cash Sales Soar to Post-Recession High

Cash sales accounted for 8 percent of new-home sales in the fourth quarter of 2017, matching a high that has not been seen since 2014, the National Association of Home Builders reports on its Eye on Housing blog. Cash sales make up an even larger share of existing-home sales—about 20 percent in December, according to […]

Ryan Huggins wins Community Service Award

Ryan Huggins wins Community Service Award We at Huggins Homes are honored to announce that our agent, Ryan Huggins, is the recipient of the prestigious 2017 Community Service Award from the Conejo Simi Moorpark Association of Realtors. Ryan was nominated and chosen out of 2,300 Realtors in the association! Ryan was recognized for his tireless […]

2163 Cheam in Simi Valley – CLOSED ESCROW! I represented both sides!

This wonderfully remodeled 5+3 two story home in Simi Valley’s desireable east end is now offically SOLD!  Through my extensive marketing I was even able to aquire a buyer that I represented.  We had multiple interested parties from my marketing and the MLS, in the end the perfect family got the house!   Call Ryan […]

Home Prices on a Steady Track

Home prices again appreciated nationally quarter-over-quarter, rising 0.9 percent, according to the Clear Capital Home Data Index™ (HDI™), a monthly report. Appreciation was highest in the West, where prices climbed 1.2 percent quarter-over-quarter. Regionally: Midwest Growth quarter-over-quarter in the region came in at 0.9 percent, with prices in Detroit, Mich., appreciating at a 1.72 percent […]

Regional Spotlight: California Home Prices Close Year on High Note

Amid the lowest housing inventory levels in more than 13 years, existing-home sales in California still eked out a year-over-year gain, while the median sales price posted a solid annual increase, according to the California Association of REALTORS® (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 420,960 units […]

Here’s how much your home remodel will pay you back

As home prices and mortgage rates rise, more and more homeowners are choosing to stay put and remodel. Yet, depending on the project, some of the returns are diminishing. Remodeling spending is expected to approach $340 billion in 2018, a 7.5 percent increase over last year, according to Harvard’s Joint Center for Housing Studies. “Steady […]

All You Need to Know About Garage Security

According to SafeBee.com, recent reports and social media posts are advising homeowners to use a zip tie to secure their door release mechanisms on the emergency latch present on automatic garage door openers. Although the advice is meant to help reduce burglaries, SafeBee.com says the practice can put homeowners in danger. Using a zip tie […]

Buyer purchasing power index up in Q4 2017

The California Buyer Purchasing Power Index (BPPI) figure was +2.42 in December 2017. This positive figure tells us a homebuyer with the same income is able to borrow 2.42% more today than a year ago. The BPPI figure increased as a result of slightly lower year-over-year mortgage rates. FRM rates remain below 4% heading into 2018 due to the present lack of investment opportunities for […]

Foreclosed Homes Dip to 12-Year Low

Foreclosures hit a 12-year low in 2017, and the distressed properties remain increasingly difficult to find in many markets. Foreclosure filings in 2017—which include default notices, scheduled auctions, and bank repossessions—dropped to the lowest level since 2005. In total, foreclosure filings were reported on 676,535 U.S. properties in 2017. That represents just 0.51 percent of all […]

Mortgage applications rise 4.1% as borrowers see last chance for lowest rates

The rise in mortgage applications last week doesn’t make sense — unless you factor in fear. Interest rates rose, but borrowers may have jumped in, especially to refinance their current loans, worried that the long run of record low rates is over. Total mortgage application volume for the week rose 4.1 percent, seasonally adjusted, according […]

The Most Affordable Beach Towns in the U.S.

Homes along the beach tend to command a premium. But for buyers who dream of living near the water, they may still be able to find a beach-town bargain. Gulfport, Miss., was named the most affordable beach town in America for the third consecutive year, according to a new analysis by SmartAsset, a personal finance […]