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Daily market update: July 5, 2016

We’ll add more market news briefs throughout the day. Check back to read the latest. Mortgage rates: 30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio 15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio   Home equity rates: Average Home Equity Loan Bank Rates by State | Credio […]

Home prices moving in one direction: Up

As many an economy and market has shown, uninhibited growth has to be stopped at some point — nothing keeps getting bigger and bigger without eventually reaching a stopping (or bursting) point. So there might be some buyers out there who are waiting, waiting, waiting for the rising home prices to stabilize (or even fall) […]

How will the 2016 election affect the housing market?

This is a question on everyone’s mind to some extent — but it’s especially pertinent for real estate agents and brokers. Here’s what I think. Matthew Gardner is the chief economist for Windermere Real Estate. Follow him on Twitter @SeattleEcon. Email Matthew Gardner Source: click here

Chicago price gains lagging behind national average

The S&P Dow Jones Indices recently released the S&P/Case-Shiller Home Price Indices, showing continued growth in home prices over the last 12 months. The report showed that U.S. home prices have improved 5 percent year-over-year in April. Although national growth didn’t quite reach March’s 5.1 percent gain, the steady year-over-year increase is supported by six […]

ZIP code profile: 94611

The 94611 ZIP code comprises part of the city of Oakland. The area sits in Alameda County and is known for its vibrant culture, increasing population and rising housing market. 94611 home values to keep increasing through 2016 Click To Tweet According to Best Places, the ZIP code has a population of 36,277 and an unemployment rate of 8.9 […]

Luxury listing: Lake Sherwood mountain views

This classic and comfortable estate in Lake Sherwood comes with mountain and lake views directly across from the water. Featuring furniture quality built-ins, focal point fireplaces, custom lighting fixtures and master stonework, the property offers both luxury and seclusion. The home is listed at $3.499 million by Brian Whitcanack with the Whitcanack Group. Have a luxury listing […]

LA rent rising high despite mediocre job growth

U.S. apartment rents have increased for the third-straight month, according to Yardi Matrix’s monthly survey of 119 markets. June rent rates increased by exactly $10, or 0.9 percent, to another all-time high of $1,213. Rents were up 2.7 percent in the second quarter of 2016 and climbed 5.6 percent on an annual basis. Year-to-date rents […]

What to do with credit-challenged homebuyers

Many real estate agents often do not know where to send potential homebuyers who have negative credit histories or have defaulted on their previous mortgages. Although they can offer several options, these options might not adequately meet their clients’ needs. Let me explain. Credit repair service In situations like this, many agents sometimes suggest the […]

3D home of the day: Modern luxury in NYC

The most architecturally significant Downtown townhome to come to market in over 20 years, this property captures the perfect balance of industrial chic and post-modern comfort. Crafted by the esteemed New York City-based Dean/Wolf Architects, 75 Warren Street is an award-winning single-family townhome. The home utilizes a blend of corten steel, concrete and glass to […]

The European economic landscape — post-Brexit

The media in the U.S. have gotten Brexit wrong. The real story requires an excursion to Europe, and then back into markets. Briefly, stock markets have recovered on expectations that central banks will ease anew. Bond markets, on the other hand, have held their deep declines in yield — it is strange not to have some […]

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