General

California mortgage applications soar 77% off coronavirus bottom. Applications for purchase money up 7 consecutive weeks

California house hunters looking to finance a purchase have returned to almost their old buying pace, according to one industry metric. Real estate watchers often track the Mortgage Bankers Association’s weekly reports on mortgage applications as a gauge of housing demand. Since the battle against coronavirus became widespread, the association has published a California slice …

California mortgage applications soar 77% off coronavirus bottom. Applications for purchase money up 7 consecutive weeks Read More »

HGTV-Inspired Flippers Get Harsh Dose of Reality

May 10, 2019 Inspired by reality TV shows on HGTV and other outlets, a new generation of home flippers has been in the market in recent years. These investors hope to make over properties and then make a tidy profit off the sale. But for many, flipping hasn’t exactly been made-for-TV. This is one segment of the market where real estate agents should counsel …

HGTV-Inspired Flippers Get Harsh Dose of Reality Read More »

Crunching the numbers on competing purchase offers. Don’t assume higher bid is better.

Sellers are inclined to go with the highest-priced offer when they receive more than one. But, price is only one factor to consider. An offer with a lower purchase price but a large down payment and a quicker close could be best. The terms of a purchase offer can make or break a deal, particularly …

Crunching the numbers on competing purchase offers. Don’t assume higher bid is better. Read More »

FICO to release new “Mortgage Score”

FICO and CoreLogic Announce Availability of More Predictive Mortgage Credit Score Designed to Enable Growth in Mortgage Lending Market Innovative predictive score can help lenders safely grow mortgage origination volumes SANTA ANA, CA—July 10, 2012—CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, and FICO (NYSE: FICO), the leading provider of predictive …

FICO to release new “Mortgage Score” Read More »

Recent Events

Rising new home sales point to a strengthening housing market May sales of new single-family houses reached the highest level since April 2010, adding to evidence that the industry is no longer a drag on the broader U.S. recovery. By Alejandro Lazo and Tiffany Hsu, Los Angeles Times June 25, 2012, 5:52 p.m. Sales of newly …

Recent Events Read More »