Keep your Eye on the Market

Buying a home wasn’t always this expensive. The average income-earner needs to spend a significant portion of their income on mortgage payments in order to buy a home pretty much anywhere in the U.S., but this ratio is exorbitant in California. In fact, the top home-price-to-household-income...

California’s population grew at a rate of 0.7% in 2017. This is a slightly quicker pace than the prior year, but the overall trend since 2009 is a declining growth rate. The annual rate of population growth is usually closer to 1%....

Net-zero energy — when a building produces as much energy as it consumes — used to be science fiction. Here in California, it’s about to get real. The California Energy Commission (CEC) — California’s primary energy policy and planning agency — recently adopted new energy standards for homes...

If you're a first-time mortgage borrower, you might be asking yourself, "What is MIP?" Home buyers considering getting a loan from the Federal Housing Administration will find MIP, or mortgage insurance premium, especially relevant because all FHA loans require insurance. Here's what you need to know about MIP,...

The most competitive, tightest housing market in decades may finally be loosening its grip, and that could put pressure on overheated home prices. The supply of homes for sale in the second quarter of 2018, the all-important spring market, rose at three times the rate...

If you're thinking about buying your first home, that pesky down payment has probably kept you awake more than a few nights. We get it—while a pre-approval is crucial for determining your buying power, it's the down payment that shows you mean business. But saving up...

Consumer sentiment about future economic conditions in California remained about the same in the second quarter (Q2) of 2018. Planned spending on big-ticket purchases rose from the previous quarter. The outlook for future spending is more positive than negative, according to Chapman University’s California Consumer Sentiment Survey. Last quarter’s...

The electricity you use to power your home can cost a pretty penny. The average family spends $1,900 a year on utility bills, according to the government's Energy Star program. But did you know that performing simple home maintenance tasks can substantially bring down the cost...

Will mortgage rates at recent record levels drive down home buying? Mortgage interest rates just hit the highest level in seven years, but those in the lending trenches already knew that, right? That news shouldn’t come as a surprise to those of you who live and breath the...

Selling your home? Then you've likely had that rude awakening where a real estate agent tours your home and breaks some tough news: Your house needs work before it goes on the market. For starters, you'll have to fix the boiler. And paint. And replace those outdated cabinets ...