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California Home Prices Soar in April
Source: The Californian Fueled by high demand and tight inventory, California home sales and prices both experienced strong increases in April, with the median price surpassing the $400,000-mark for the first time in five years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported. The statewide median price of an existing, single-family detached home climbed 6.3 [...]
Read More...Sellers are Favored in San Diego Housing Market; strange shift that we haven’t seen in years!!!
Read More...FHA to Hike Premiums on Mortgages
The Federal Housing Administration, which is the largest insurer of low-down payment mortgages, announced last week that it will raise premiums by 10 basis points, or 0.1 percent, on most of the new mortgages it insures. A borrower opting for a 30-year, fixed-rate mortgage who puts down 5 percent or more will now pay an [...]
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