Mortgage Rates Dipped Below 3% – And What That Means for Buyers and Sellers

The average 30-year fixed-rate mortgage fell to a record low of 2.98% last week, the lowest ever recorded by Freddie Mac in the nearly 50 years of the mortgage giant’s survey. Concerns about the economy have been pushing rates lower and lower over the past 6 weeks, dropping to new record levels after a resurgence […]
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Southern California Home Values Have Not Been Hurt by Coronavirus

According to recent reports from local appraisers, the coronavirus has yet to hurt Southern California home values which continue to rise despite the pandemic. The Real Estate Research Council of Southern California has tracked home-value changes twice a year since 1943, continually monitoring and re-evaluating the same sample of 308 single-family homes across our seven […]
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Low Interest Rates Fuel Record Mortgage Applications As Americans Recognize The Value of Home

Many Americans are rethinking and recognizing the importance of home as mortgage applications spike amid historically low interest rates. The 30-year fixed-rate mortgage averaged 3.21% last week according to the Mortgage Watch, signaling increased buying power for house-hunters in today’s market. Mortgage applications for home purchases rose 4% over the last week, 21% higher than just […]
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Orange County Real Estate Market Update | May 2020

The Orange County Real Estate Market Report for May 2020 shows that Southern California real estate is most certainly still open for business, and what’s being put on the market is moving fast. In May there were 4,485 single-family homes for sale, a 53.5% increase from six months ago. With an average of just 39 […]
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Pending Sales Jump As Southern California Real Estate Market Rebound From COVID-19 Begins

Southern California homebuyers are swiftly returning to the real estate market, with the National Association of Realtors® reporting a large majority of house hunters (65%)  who attended an open house within the last year would do so now without hesitation. Sales and transactions are still below 2019 numbers, but the coronavirus rebound has begun. Los […]
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San Diego County Real Estate Market Update | May 2020

According to the latest San Diego real estate market update for May 2020, pending sales shot up to 4,155 across San Diego County with a median sale price of $590,000. With home values holding strong and more house hunters rejoining the market, now is the opportune time put your San Diego home up for sale! See for […]
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Los Angeles County Real Estate Market Update | May 2020

Last month on the Los Angeles County real estate market there were 8,874 active properties, an increase from last month but still sluggish for the usually hot summer real estate market.  While the real estate market has been slowed by COVID-19, buyer demand is beginning to increase. And for those who do decide to list for sale, […]
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Riverside County Real Estate Market Update | May 2020

According to the Riverside County Real Estate Market Update for May, 1,863 homes closed sale last month and the median sales price has increased 3.19% year-over-year now up to $420,000. Although the market has been flux because of the COVID-19 outbreak, more and more buyers are beginning to return to the market with confidence and care. […]
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San Bernardino County Real Estate Market Update | May 2020

The most exciting piece of news in the San Bernardino County Real Estate Market Update for May 2020 shows active inventory is up 11.2% from just 6 months ago with 3,249 single-family homes for sale last month. While inventory is still lagging behind last year’s numbers, we are seeing a nice jump in new listings since […]
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