FROM A RELEASE: AUBURN, Calif. — This week the Placer County Board of Supervisors voted to finalize the creation of the North Lake Tahoe Tourism Business Improvement District — freeing up over $4 million in transient occupancy tax for transportation and workforce housing projects while also generating an additional $6 million in assessment revenue for North Lake Tahoe annually. With the creation Meet Our Team
Archives for March 2021
How Upset Should You Be about 3% Mortgage Rates?
Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: 1. The bump-up in rate should not have surprised anyone. Many had already Meet Our Team
Home Prices: What Happened in 2020? What Will Happen This Year?
The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal Housing Finance Agency (FHFA) Division of Research and Statistics, explains: “House prices Meet Our Team
Is It a Good Time to Sell My House?
Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling safely. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae shows that 57% of consumers believe now is a good time to sell. Doug Duncan, Vice President and Chief Economist at Fannie Meet Our Team
California Coronavirus Weekly Update
Welcome to the 51st issue of the California Coronavirus Weekly Recap newsletter. Before we get started with this week’s news, we want to make sure you've had a chance to see the new January Home Sales and Price Report. In This Issue: The Economy & Your Finances: $1.9 trillion stimulus package passes House, heads to Senate The Market & Industry: Interest rates Meet Our Team
What Are the Benefits of a 20% Down Payment?
If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think it’s 20% of the loan to secure a mortgage. While there are plenty of lower down payment options available for qualified buyers who don’t want to put 20% down, it’s important to understand how a larger down payment can have great benefits Meet Our Team
