April 23, 2021 Here’s welcome news for home shoppers: Borrowing costs got cheaper this week. Mortgage rates are back under 3% for the first time in weeks. The 30-year fixed-rate mortgage averaged 2.97% this week, Freddie Mac reports. The drop in rates this week followed a downward trend for the 10-year Treasury yield, which rates […]

The opportunity to protect hard earned equity in the sale of an investment has been available to consumers since 1921. However, Complexities and details of the tax code prevented only the most knowledgeable from using this option. In 1990 the Omnibus Budget Act clarified the process and opened this option to a broader set of […]

Southern California Home Sales ❱ Regardless of the slow economic recovery, the housing market continues to perform well, with 50,114 homes selling in the final quarter of 2020. This is an increase of 21.9% year-over-year. ❱ Pending home sales (an indicator of future closings) were 21.3% lower than in the third quarter, but I attribute […]