Economic News

California’s population grew at a rate of 0.7% in 2016.  It is still moving in a positive direction, but this continues a downward trend in growth rate from the year prior. The annual rate of population growth tends to be closer to 1%. Steady population growth...

Some first-time, lower-income buyers may have gotten excited when Julian Castro announced a reduction in the annual mortgage insurance premium on FHA loans. The change came about on January 9th and would affect new loans insured by the Federal Housing Administration that closed by Jan....

San Diego Home Limits will Increase more than $30,000 on January 1, 2017. Common Questions about Loan Limits: What is an FHA Loan? An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from...

San Diego Home Limits will Increase more than $30,000 on January 1, 2017. Common Questions about Loan Limits: What Is a Conforming Loan? A conforming home loan is one that meets, or “conforms” to, certain guidelines set forth by Freddie Mac and Fannie Mae. Freddie and Fannie are...

Now that the election is over, let's take a look at how the market, housing policies and taxes may change under our new president. Highlights of Trump's Housing Policy: Though he didn't say much during the campaign, in a speech to the National Association of Home Builders (NAHB)...

Who takes care of the Pest Inspection and repairs? Veterans cannot pay for the actual pest inspection report. However, either the buyer or seller can pay for the actual repairs. Keep in mind that VA typically only requires that Section 1 (obvious infestation) of the...

VA Home Loan Fast Facts For San Diego County, Part Two How is the VA Funding Fee determined for a purchase loan?  The VA Funding Fee is a percentage of the base loan (purchase price minus any down payment) and depends on the type of military service,...