The scarcity in housing inventory is taking its toll on first time home buyers and causing prices to spike in many areas of the country, according to a new report issued by the National Association of Realtors. “Low inventory conditions hurt would-be-first-time home buyers the most,” said Lawrence Yun, NAR chief economist. “Their homeownership dream …
Home Improvement Projects Often Worth The Cost
Homeowners who decide to take on a home improvement project, either interior or exterior modifications, often find the task was worth the investment of time and money. That’s according to a new report from the National Association of Realtors. The 2019 Remodeling Impact Report examined 20 projects and gave each a “joy score” based on …
Is Your Home Ready For The Rainy Season?
Here in the Bay Area the rains usually start towards the end of October. But it’s worth taking a look around your house while we still have sunny days because finding out you have a problem during a downpour is at best inconvenient and at worst costly. So here’s a list to review: Check your …
Contra Costa Home Prices Up 3.5%
The median sold price of a single-family home in Contra Costa County rose 3.5 percent in August compared to a year ago to reach $672,750, the California Association of Realtors reports. The price also was up 1.9 percent in August compared to July. This parallels the statewide trend in which the August median home price …
California Home Sales Perk Up In July
Existing single-family home sales rose 5.6 percent from June and up 1.1 percent from July 2018, according to the California Association of Realtor’s August report. Meanwhile the statewide home prce was $607,990, down 0.4 percent from June and up 2.8 percent from July 2018. The association said the lowest mortgage interest rates in nearly three …
Mortgage Rates Drop To Lowest Level in Three Years
The 30 year fixed jumbo mortgage dropped to 3.125 percent this week with zero points at Bank of America, according to Corey Wilson, senior lending officer in Walnut Creek. This rate is with 20 percent down and a 780 credit score. Refinance rates are slightly higher. Nonetheless, the rates are excellent if you are considering …
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