Chatsworth - Simi Valley Real Estate News

How to Triumph in a Bidding War

With a record low number of listings this spring, more buyers may be finding themselves in a bidding war for the home they want. CNBC recently highlighted a few tips on how buyers can be successful in a bidding war, including: Set the maximum price from the start. Home shoppers should factor in the monthly … more

Mortgage Rates Decline

For the first time this year, the average 30-year, fixed mortgage rate has retreated, back to 4.44 percent this week after rising for nine straight weeks, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 30-year, fixed mortgage rate was 4.46 percent the week prior. Mortgage rates are moved by Treasury … more

CoreLogic: Home Prices Shoot Up Again

Home prices started 2018 on the rise, according to new data from CoreLogic. During January, single-family home prices were up for the sixth consecutive month with a 6.6 percent year-over-year gain year over year; prices were also up by 0.5 percent from December to January. Four states recorded double-digit year-over-year home price spikes: Washington (12.1 … more

Are You Ready to Buy a Home?

If you’re looking to buy a home this year, you’ll likely want to act fast – at least that’s what an increasing number of Americans think. According to new data, the number of consumers who think now is a good time to buy is on the rise, and it likely won’t stay that way for … more

Great Start to 2018 for Housing Market

Contract signings on home sales rose slightly in December, reaching their highest level since last March, the National Association of REALTORS® reported Wednesday. NAR’s Pending Home Sales Index, a forward-looking indicator based on contract signings, moved 0.5 percent higher to a reading of 110.1 last month, 0.5 percent higher than a year ago. “Another month … more

5 Tips for Remodeling Your Home

Anyone who’s ever tried to manage a remodel can tell you that it’s a huge undertaking. Between trying to stay on time, on budget and on top of a thousand moving parts, it can feel like another full-time job. It’s far from impossible though. In fact, with a little prep work and organization, you can … more

Home Prices Remained Strong During Holidays

The November home sales market appeared unwilling to acknowledge impending winter, the usual pre-holiday slowdown, or all the predictions of gradually moderating home prices. September and October new and existing home sales recovered strongly from a listless summer and prices, which had never slowed appreciably, responded to the resurgent demand. CoreLogic has reported out the … more

Americans Want to Walk

Americans are parking their cars and stepping up to walkable communities—and increasingly, they don’t mind giving up some living space to do so, a new report finds. Despite Americans’ historically strong preference for single-family homes, a majority (53%) polled in a survey for the National Association of Realtors® said they’d be OK living in neighborhoods with … more

Confidence in Housing Makes Near-Record Return

Confidence in housing made a near-record return in November in the Fannie Mae Home Purchase Sentiment Index® (HPSI), derived from Fannie’s National Housing Survey® (NHS). The HPSI overall posted 87.8 in November, 2.6 percentage points higher than the month prior. The Index hit all-time highs in February of this year, and again in June and … more

Millennials Are Taking Over Real Estate

Millennials are quickly ascending in the world of real estate, taking out the greatest share of all new mortgages and buying up the most homes in the lower price tiers—but they’re taking on way more debt to do it, according to a new analysis of mortgage origination data from Optimal Blue by realtor.com®. The realtor.com … more

The information contained in this blog has been prepared by an independent third party and is distributed to consumers for educational purposes only. The information is considered reliable but not guaranteed to be accurate. The opinions expressed in this article do not represent the opinions of Skyline Home Loans. This is designed to give helpful tips and is not intended to give legal advice. This is not a prequalification, preapproval, loan approval or commitment to lend.

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