Latest News

Sales Stir Hope for Housing Market
Jan - 27

By ROBBIE WHELAN
Sales of previously owned homes rose in December for the third straight month, bringing the supply of homes listed for sale to the lowest level since 2006 and offering a glimmer of hope that the housing market could be starting to climb out of a profound downturn.
 
Existing-home sales increased 5% in December from a month ...Continue Reading »

Shopping for the best rates
Jan - 20

 
Interest rates are the lowest in decades, enticing many borrowers to shop for a loan. Mortgage lenders adjust their rates based on perceptions of risk, so unless the borrower can show they’re a low-risk individual, the borrower is unlikely to qualify for a rate that matches those seen in recent advertisements and headlines.
Making sense of the story
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30-year mortgage rates match record low
Jan - 14

By Derek Kravitz, Associated Press
WASHINGTON – 2012 looks to be another year of opportunity for those who can afford to buy or refinance a home.
Freddie Mac says the average rate on 30-year fixed mortgages fell to 3.91% this week, matching the record low reached two weeks ago. Last week, the average rate for these loans was 3.95%.
The ...Continue Reading »

Conejo/Simi/Moorpark Housing Stats
Jan - 13

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Housing to gradually improve in 2012, NAR economist says
Dec - 02

by KERRY CURRY
Friday, November 11th, 2011, 4:12 pm
Gradual improvement in the housing market is expected next year, with existing-home sales edging up 4% to 5% and new home sales getting an even bigger boost off this year’s record lows, the chief economist of the nation’s largest real estate group said Friday.
“Tight mortgage credit conditions have been holding ...Continue Reading »