by Heather | Jan 19, 2015 | C.A.R., TSBOR, TSMLS
Talking Points … As the wealthiest generation and the first to drive the housing market, baby boomers will continue to be a pillar of the housing market, according to a 2014 CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) survey of California baby boomers (born between...
by Heather | Jan 14, 2015 | C.A.R., TSBOR, TSMLS
Source: Housingwire Homeowners who had short sales in 2014 can now breathe a giant sigh of relief, as the Mortgage Debt Forgiveness Act was signed into law by President Barack Obama. Under the Mortgage Debt Forgiveness Act, any mortgage forgiveness achieved in a short...
by Heather | Jan 14, 2015 | TSBOR, TSMLS
Source: The New York Times “Piggyback loans” are readily available once again, but not in the form that allowed many borrowers to buy homes with no money down before the housing crash. These mortgages are essentially a two-loan package — one “piggybacks” on the other...
by Heather | Jan 13, 2015 | C.A.R., TSBOR, TSMLS
Market Snapshot: Housing Affordability Challenges for the Younger Generation and First-Time Buyers Housing affordability differs between age groups, as their financial characteristics vary. Potential homebuyers aged 30 and under are the ones who face the biggest...
by Heather | Jan 12, 2015 | C.A.R., TSBOR, TSMLS
Talking Points … California’s pending home sales slowed down in November as seasonal factors kicked in and shrinking housing affordability remained an issue, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). California pending home sales dropped in...
