California real estate market surges despite improving inventory
The number of homes listed for sale in California is on the rise and last month saw the largest jump in more than a year amid rising home prices in the state, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). As shown in Figure 1, new active listings increased by double digits as…Read More→
Should you inherit tenants? : Landlord’s Guide
A vacant rental property is one of the costliest parts of being a landlord – so does purchasing a rental property that comes with tenants make sense? Buying a property that’s already occupied comes with a host of benefits and potential drawbacks, so we’ll walk you through everything you need to consider – from the…Read More→
Do you know what is mortgage recast?
What is a mortgage recast? A mortgage recast, also called a loan recast, is a feature of some types of mortgages where remaining monthly payments are recalculated based on a new amortization schedule. For a mortgage recast, the borrower pays a large sum toward their principal (usually $10,00o or more), and their mortgage is then…Read More→
Fed hikes the rates by 25 bps but could this be the last hike?
The Federal Reserve (Fed) raised its key federal funds rate to 5% to 5.25% range. It is the 10th consecutive increase. The rates are now at highest level since 2007. The hike completes the fastest series of rate increases since the 1980s, as the central bank works to cool the economy and greatly reduce the pace of inflation, which…Read More→
