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Recent Posts
- Bay Area adjustable-rate mortgages return as interest rates rise
- San Francisco’s Housing Market Is Cooling Faster Than Rest of the Region
- Housing Deconstructed Newsletter: Bay Area Housing Market Cooling Down, Burned Out House Listed for $765k, and SJ Offers RV Owners $500
- SF can follow Calgary and turn empty downtown offices into housing
- Bay Area ‘Western White House’ sells far below asking price
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Homes Millbrae Pages
Tag Archives: Cnbc
Investors Sue Government Over Fannie, Freddie Stock
The lawsuit, filed in U.S. Court of Federal Claims, comes just as a new bill is being drafted in Congress to reform housing finance and potentially liquidate Fannie and Freddie. Sens. Bob Corker (R-TN) and Mark Warner (D-VA) have been … Continue reading
Posted in Real Estate News
Tagged Anger, Backstop, Bob Corker, Capitol Hill, Cnbc, Diana Olick, Facebook, Fannie Freddie, Few Days, Government Mortgage, Guggenheim Partners, homes millbrae, Jumbo Mortgages, Legislation, Losses, Mark Warner, Private Shareholder, Reverse Mortgages, Seniors, Sens, Taxpayers
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Big Banks Bet on Jumbo Mortgages Again
As home prices rise, though, the opportunity grows in the jumbo market. Sales of homes priced between $750,000 and $1 million were up 41 percent in April from a year ago, while sales of homes priced below $100,000 were down … Continue reading
Posted in Real Estate News
Tagged 1 Million, Affluent Buyers, Association Of Realtors, Bits And Pieces, Borrowers, Chase, Client Customers, Cnbc, Diana Olick, Downfall, Facebook, Fico Scores, homes millbrae, Housing Boom, Jumbo Market, Jumbo Mortgages, Loan Products, National Association Of Realtors, Private Client, Private Label Market, Reits
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Reverse Mortgages Backfiring on Seniors
Experts argue reverse mortgages often are being used today for all the wrong reasons. Seniors now have less home equity, less savings, and more debt. “This was originally contemplated as something you could draw money from over a long period … Continue reading
Posted in Real Estate News
Tagged Aarp, Advocates, Borrowers, Cnbc, Home Values, homes millbrae, Hud, Lenders, Mortgage Counselor, Mortgage Loans, Mortgage Rates, One People, Period Of Time, Prospective Borrower, Reverse Mortgage, Reverse Mortgages, Robert Bennett, Safeguards, Seniors, Transparency, Valuable Tool
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Rising Mortgage Rates, Home Prices a Lethal Brew
Still, rising rates could not come at a worse time for the housing recovery. Home prices rose over ten percent in March, according to the latest surveys from SP/Case-Shiller. Every one percentage point rise in mortgage rates reduces the average … Continue reading
Posted in Real Estate News
Tagged 30 Year Fixed Mortgage, Association Of Realtors, Borrowers, Burbank Ca, Cnbc, David Fogg, Diana Olick, Facebook, First Time Home, First Time Home Buyers, Home Buyer, homes millbrae, Landlords, Maximum Purchase Price, Mortgage Rates, National Association Of Realtors, Norms, Percentage Point, Real Estate Agent, Time Home Buyers, Year Fixed Mortgage
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Home Prices See Largest Annual Gain in Six Years
Despite the strong gains, home prices are still down approximately 28-29 percent from their peaks in the summer of 2006 and are now back at levels not seen since late 2003. While prices continue to improve, there are still headwinds, … Continue reading
Posted in Real Estate News
Tagged Cnbc, Diana Olick, Economic Growth, Economy, Existing Home Sales, Facebook, Family Apartments, Gdp, High Grow, homes millbrae, Housing Starts, Mortgage Market, New Construction, New Home Construction, New Home Sales, Residential Construction, Single Family, Six Years
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