Wednesday, January 25, 2017
See the article here. The same number of buyers chasing limited choices tends to bid up prices, of course. When will there be more inventory and when will the rise in prices end? According to the article, it won't be this year. Home prices are expected to rise about 4% by year's end. Photo credit: Jay L. Clendenin / Los Angeles Times.
Saturday, January 21, 2017
The good news was that the mortgage insurance rate was reduced recently, which means a significant savings for home buyers. But that was last week. The bad news is that the new administration's Housing and Urban Development Department raised the insurance rate back up to where it was yesterday.😭This erases a savings of about $1500 annually for FHA buyers in L.A. Read about it here from today's L.A. Times.