real estate

Housing demand increased 7.4% in May according to the Redfin Housing Demand Index just released. The rise was driven by a 6.3 percent increase in the number of homebuyers requesting tours, and a 9.7 percent increase in the number making offers on homes from April to May. The Demand Index is based on thousands of
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U.S. home prices in the first quarter were at the least affordable level since Q3 2008 according to ATTOM Data Solutions report and California is home to three of the top 5 least affordable counties. The Q2 2018 U.S. Home Affordability Report calculates an affordability index based on percentage of income needed to buy a median-priced
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Mortgage lenders reported a net negative profit margin outlook for the seventh consecutive quarter, as rising home prices and tight housing supply continue to put a squeeze on mortgage demand, according to Fannie Mae’s Q2 2018 Mortgage Lender Sentiment Survey®. When asked about consumer demand for GSE eligible and government loans, the net share of
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Santa Clara, San Mateo, and Los Angeles are the top three California markets where residents are leaving More than half of those searching outside their county are looking to leave California; Nearly half are looking at more affordable counties in state San Diego, San Francisco and Marin counties are generating the most out of
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