There is so much data coming in that has the potential to have a big impact on real estate. I want to run through some of these details and explain how it appears to be affecting the industry. Fed Day: Rates Went Up Last week was the 2-day Fed meeting. The market was ready for […]

Black Night issued the month-over-month foreclosure data. I’ve heard a lot of people talking about this topic: the wave of foreclosures that are going to be coming. The current reality and good news are that according to the numbers, foreclosures appear to be going down. Month-Over-Month Foreclosures: August to September From August data to September […]

Who in this crazy business needs a hug right now?! According to Freddie Mac, interest rates are over 7%. It feels like we’ve finally reached the spot where we are only dealing with people who really need to move. It’s a crazy time! Stay Engaged – Interest Rates Will Likely Come Down Again I still […]

Should you take cash out of your house? Does it make any sense right now? Cash-out refinances are generally a case-by-case basis. Recently, we helped someone who built a bunch of debt (revolving and other things). They had backed themselves into a corner and could see that they needed to make changes. What we were […]

Do you know that there is a connection between oil and the mortgage business? Most people would never make this association, which is why I wanted to talk about it. What Did OPEC Decide? OPEC (The Organization of the Petroleum Exporting Countries) basically oversees the multi-national price-fixing of our oil. They control the output of […]

2/1 buy downs is a topic that has been trending lately, but I still have a lot of people who are wondering what it is and why they would do it. Here’s what you need to know: What is a 2/1 Buy Down? A 2/1 buy down is what it sounds like: it means you […]

Today is Fed Day: as expected the Fed increased rates by three-quarters of a percent. The mortgage/bonds market is having a muted response. So far there isn’t too much movement. If you’ve been watching the trends, it’s been an ugly ride for interest rates in the last month and a half. For now, at least […]

Today, we’re continuing with the topic of investment properties. It continues to be a relevant topic, especially with the things that are currently happening with other types of investments. A few days ago, the stock market lost over 1000 points, which made me stop to consider where people are investing their money. Real estate is […]

I’m seeing a bunch of investor activity over the last few months, and it’s worth pointing out. Investors are looking at their current rental properties, and they are seeing that maybe they have hit the peak for now. So they are taking the cash off the table, and now they are using this big chunk […]

Let’s talk about how you can use rent from ADUs to qualify as a buyer. When you are qualifying for a mortgage, it’s smart to utilize all of the income sources that are available. What is an ADU? An Accessory Dwelling Unit (ADU) is a big thing in California, especially because most places in the […]