Magnificent Rancho Santa Fe Estate Home – Just Listed

Just Listed. Never on the market before! This magnificent estate home has sweeping views to the ocean. A rare combination of broad vistas and casual elegance that signify the finest of Rancho Santa Fe living. Located on 4 Covenant acres on the coveted Westside. Private, peaceful cul-de-sac site with cool ocean breezes, impressive design and… Read More

Home Prices Outpacing Inflaction

Home prices continue to chart growth, rising on an annual basis to outpace inflation, according to CoreLogic’s recently released Home Price Index (HPI) for January 2017. Prices increased 0.7 percent month-over-month and 6.9 percent year-over-year. A combination of factors is driving momentum ahead of the curve, says Dr. Frank Nothaft, chief economist of CoreLogic. “With… Read More

California Housing Market Kicks Off 2017 Higher In January

California’s housing market started the year on a high note, following up on December’s strong showing with higher sales both on a monthly and yearly basis in January, according to the California Association of Realtors’ recent report. Existing single-family home sales totaled 420,100 in January, up 2.1 percent from December and 4.4 percent from January… Read More

Home Sales Expected To Expand Modestly in 2017

Existing home sales are expected to log a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is the time to buy, according to a survey from the National Association of Realtors. The NAR’s survey found that confidence has retreated somewhat among renters. Fifty-seven percent said now is a… Read More

Quartz Taking Over From Granite

When it comes to kitchen countertops, quartz is taking over from granite, according to designers. “About 75 percent of our clients are opting for quartz over granite,” Bill Milholland of the design-build firm Case told the Washington Post recently. “More people want a contemporary aesthetic in the kitchen, and the clean look of quartz goes… Read More

Features To Help Your Home Sell Faster

When you’re considering purchasing a new home or adding a new feature to your existing home, it’s important to consider the long-term impacts of your choices. According to a recent report by Kiplinger, there are seven features that will help sell a home faster: a laundry room; exterior lighting; energy efficient appliances and windows; a… Read More

Fed Rate Hike = Gradual Rise In Home Loan Rates

For the first time in a year and only the second time in a decade, the Federal Open Market Committee (FOMC), the policy making arm of the Federal Reserve, voted on Wednesday to raise the federal funds target rate [1] by 25 basis points up to the 0.50 to 0.75 percent range. “While the Fed’s… Read More

Mortgage Rate Hike Continues, Depresses Refinancing

Mortgage rates increased yet again to their highest rate this year, causing many homeowners to hold off on refinancing. “With mortgage rates at the highest we’ve seen this year, borrowers are now backpedaling on refinance opportunities,” Freddie Mac Chief Economist Sean Becketti said. “The latest Weekly Applications Survey results from the Mortgage Bankers Association show… Read More

Mortgage Applications Spike As Fear of Rising Rates Triggers Homebuying

A postelection spike in mortgage rates may have scared potential homebuyers enough to push them off the fence and into a contract before rates move even higher. A rush on home-purchase mortgages fueled application totals to a 5.5 percent gain on a seasonally adjusted basis last week versus the previous week, reports the Mortgage Bankers… Read More

Panic In Housing Market As Mortgage Rates Hit 4% Today

More selling in the U. S. bond markets today pushed mortgage rates to a psychological breaking point. The average contract on the 30-year fixed mortgage reached 4 percent, according to Mortgage News Daily (MND), a level most didn’t expect to see until the middle of next year. The 30-year fixed jumbo rate stands at 4.34… Read More