Is a Real Estate Crash Coming?
In 2008, homeowner equity and mortgage debt were nearly equal. Today equity is more than double the debt, and that cushion changes the picture.
In 2008, homeowner equity and mortgage debt were nearly equal. Today equity is more than double the debt, and that cushion changes the picture.
Fannie Mae and Freddie Mac raise condo reserve requirements in January. An association that falls short can lose conventional financing for every unit.
Malibu and Pasadena settled the SB 9 lawsuit. Owners of qualifying fire-damaged lots can again build up to four units on their property.
FAIR Plan dwelling rates rise an average of 29.1% on October 15. Your renewal date decides when the new rate reaches your bill.
Inventory rose to 446 listings in July. Single-story homes are in demand, fixers are out of favor, and 66 condos sit under $600,000.