Mortgage Rates Plunge to 3-Year Lows

By | General

DAILY REAL ESTATE NEWS | FRIDAY, JUNE 17, 2016 For the second consecutive week mortgage rates moved lower, and are currently the lowest since May 2013. “The 10-year Treasury yield continued its free fall this week as global risks and expectations for the Fed’s June meeting drove investors to the safety of government bonds,” says… Continued

June 17, 2016

Student Debt Delays Buyers By 5 Years

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DAILY REAL ESTATE NEWS | TUESDAY, JUNE 14, 2016 Nearly three-quarters of non-home owners say that repaying their student loan debt is delaying their home purchase, according to a new survey by NAR and SALT, a program provided by the American Student Assistance. Read more: Help on the Way for Younger Buyers What’s more, more… Continued

June 14, 2016

5 Top Motivations for Selling

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DAILY REAL ESTATE NEWS | WEDNESDAY, MAY 18, 2016 Inventories of homes are tight nationwide. So what’s going to get home owners to finally sell? In a recent survey,® researchers found some of the top motivations to sell: 1. Want to be in a different neighborhood (40%) 2. Need a home with different features… Continued

May 18, 2016

Home Ownership Rate Nears Record Lows

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DAILY REAL ESTATE NEWS | FRIDAY, APRIL 29, 2016 The home ownership rate made gains in the second half of 2015, but that progress was muted in the latest report from the U.S. Census Bureau. The first quarter of this year saw the home ownership rate back on the decline, plummeting to 63.6 percent, the… Continued

April 29, 2016

4 Housing Predictions for the Rest of 2016

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DAILY REAL ESTATE NEWS | MONDAY, APRIL 25, 2016 Freddie Mac economists are still upbeat about the housing market’s outlook for the rest of the year, despite recent data that showed a gloomier first quarter in economic growth than originally projected. According to Freddie Mac’s April outlook, housing will “maintain its momentum in 2016 and… Continued

April 25, 2016

The Salary You Need to Afford a Home

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DAILY REAL ESTATE NEWS | FRIDAY, APRIL 08, 2016 In San Francisco, home buyers need to earn $147,996 a year to afford the city’s median home price of $781,600, according to mortgage website Out of 27 major metros analyzed by the site, San Francisco requires the highest salary in order to pay for the… Continued

April 8, 2016

Jobs Report Offers Hope for Inventory Crisis

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DAILY REAL ESTATE NEWS | MONDAY, APRIL 04, 2016 The March jobs report showed an increase in employment within the construction sector, which could be a welcome sign that more inventory will soon be coming to the new-home housing market. Read more: A Troubling Shortage of Homes Employment rose 215,000 in March as the unemployment rate… Continued

April 4, 2016

Buyers Need to Be Ready for Some Competition

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DAILY REAL ESTATE NEWS | FRIDAY, APRIL 01, 2016 The spring housing market is heating up and demand is high across the country. Some would-be buyers who were outbid last year or couldn’t find a home to fit their needs are returning this spring. They’re more determined than ever to buy too. Read more: The… Continued

April 1, 2016

City Spotlight: Santa Clara

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Here at Referral Realty Silicon Valley, we specialize in properties located in various cities around the San Francisco Bay Area–one of the most popular being Santa Clara, which has been called the heart of the Silicon Valley.  Most people look at it as the new home to the Forty-Niners and the most recent site of… Continued

April 1, 2016

How to Repair Pet Damage to a Home

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DAILY REAL ESTATE NEWS | THURSDAY, MARCH 31, 2016 The household pet can certainly leave its mark behind in a home. But you want to make sure that beloved dog or cat doesn’t hamper the home’s value at resale. RISMedia recently spotlighted several things home owners can do to remove pet-related problems around the house…. Continued

March 31, 2016