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The Home Bidding Wars Are Back!
The bidding wars are back. Seemingly overnight, many of the nation’s major housing markets have gone from stagnant to sizzling, with for-sale listings drawing offers from a large number of house hunters. Read the full story
Bank of America Tops List of Mortgage Complaints By Borrowers
The lender has accounted for 30 percent of complaints to the Consumer Financial Protection Bureau, with two-thirds of them involving modifications. Read the full story
Average Home Buyers Shut Out By Cash Offers, Investors
As the prime home-buying season begins, a witches’ brew of market forces is making this spring one of the toughest times in memory to purchase a home. Read the full story
In Hot Market, Bid First, See House Later
The lack of available homes for sale is creating a sellers’ market, and in some areas generating offers from buyers who haven’t even seen the home on which they are bidding. Making sense of the story Buying homes sight unseen… Continue Reading
Top Ten Remodeling Projects ROI
California Mortgage Resource Directory Now Available
C.A.R. recently launched California Mortgage Resource Directory, a powerful search tool that identifies available mortgage finance programs in targeted real estate markets. Buyers can search by city or address for public- and private-funded assistance programs including FHA/VA, HUD, affordable… Continue Reading
More First-Time Home Buyers Have Tough Time Entering The Market
High unemployment for young people, strict lending standards and massive student debt loads are among the factors hurting entry-level buyers. Read the full story
How to Get Help With Your Down Payment
Home buyers throughout California now have access to a new tool that will tell them if they’re eligible for any down-payment assistance programs. Some buyers view coming up with a down payment – the amount of money borrowers have to… Continue Reading
Multiple Offers Increased as the Market Became More Competitive
By Oscar Wei, Senior Research Analyst To be competitive in a housing market with tight inventory and a restrictive lending environment, many buyers who wanted to have an edge over other buyers opted to make an “All Cash” offer for… Continue Reading