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Has Social Media Fooled People into Thinking Now is a Smart Time to Buy a House?  Propaganda Machines Are Working

How Google and Facebook Have Hosted Articles Suggesting It’s the Best Time to Buy a House in America? People who spend much time with Google or Facebook will see in 2018 there are plenty of ads out there to convince you that now is a smart time to buy a …

maxine-waters
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Maxine Waters Announces New Bill to Protect Homeowners with More FHFA Oversight

Maxine Waters, D-California and Ranking Member of the House Committee on Financial Services announced a new bill designed to raise the oversight for mortgage service companies who do business with the leading government sponsored agencies, Fannie Mae and Freddie Mac. On Monday, Maxine Waters introduced H.R. 6102, the Homeowner Mortgage …

housing bubble
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Are We in Another Housing Bubble and Nobody Wants to Talk About It? 

Many experts say that some real estate markets in the US are overvalued. The question that naturally comes up is whether we are in another housing bubble and if it will burst and lead to another economic downturn. It is true that a lot of the financial machinery that made …

san diego housing
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The Affordability Index in San Diego County Is 25 Percent.  This Means 1 in 4 residents can afford the median home price.  Rates Are Going Up. Another Housing Crash?

If you are thinking of buying a home in San Diego in June 2018, it is more expensive than last year. In April 2018, the median home price hit a record high of $570,000, which was a big 8.6% increase from a year ago. This has surpassed the previous peak …

buy or rent
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Why Are Millennials Renting If the Housing Market Is So Good?

Home ownership for millennials in America is at an all-time low. Millennials are generally regarded these days to be between the ages of 25-34, which is the prime time to buy your first home. But as of 2017 and 2018, there are still more people renting in this age bracket …

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Is It Really the Best Time to Sell in the Spring? Competition Galore.

If you want to sell your home quickly for the most money, when you list it is important. Traditionally, listing your house for sale is best in the spring. Zillow.com reports that generally, homes listed from May 1 to 15 each year sell nine days faster and for 1% more …

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Top 7 Real Estate Markets for 2018

Everyone likes to predict things but determining what is going to happen in real estate is always challenging. Realtor.com recently gave it a try and predicted that the following markets in the US should experience robust growth this year. #1 Las Vegas Sin City was hit hard by the real …

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Can I Use Bitcoin When Proving My Assets with a Mortgage Underwriter?

Since Bitcoin came into existence a decade ago, most of the interest in block-chain technology was limited to computer geeks and criminals. But in the past year, the value of Bitcoin shot up; it went from $1000 in January 2017 to almost $19,000 in December. It has fallen back to …

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Why is Fannie Mae a Government Owned Business Losing Money in a Strong Real Estate Market with Low Defaults?

The real estate market is strong. Mortgage rates are still low. Incomes are up and unemployment is down. These factors mean few people are defaulting on their loans. Yet, Fannie Mae managed to lose $6.5 billion in the fourth quarter of 2017. What is going on? According to USA Today, …

home buying
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Why Millennials Are Still Renting

Should you rent or own your home? When it comes time to choose where to live, this is a question that many young people have asked themselves for generations. Millennials have built a reputation as unpredictable home buyers, but let’s consider the available data. Via Nationwide Mortgages on Home Buying …