Market Updates

Assumable mortgages require down payments as low as 15%. A new feature offers purchasing homes with a 2% mortgage rate.

Economists expected Fed rate cuts in early 2024, but high inflation data changed the outlook. Debate centers on when (or if) the Fed will lower rates: later this year or not at all.

California's median home price hit a record high of ~ $904K in Early-Q2, an 11.4% increase yearly. The Bay Area and Southern California saw the biggest price jumps, exceeding $1.3M and $880K respectively.

Southern California home sales jumped 8.7% yearly, and the statewide median home price exceeded $900K for the first time.This shows increase 11.4% yearly and increase 5.8% monthly.

To all great Americans around the world, a very Happy Fourth of July to you all. This day is incredibly significant as the day the United States officially became its own nation. Let’s celebrate America’s birthday with festivals, parades, fireworks and other festive activities.The 4th of July marks the day America became a country where people have a right to life, liberty, and the pursuit of happiness.

Boost your credit score: Aim for a high credit score, and improve it by: – Being on the electoral register – Paying bills on time. Prepare your bank statements: Show steady income, on-time bill payments, and enough savings for a home purchase.

California struggles to build enough housing, especially affordable options. High construction costs are a major factor, including: – Building materials – Government regulations – Impact fees