• Home
  • Neighborhoods
  • Homeowners
  • Events
  • Buyers
  • Contact
  • Blog
Emerging LA
  • Home
  • Neighborhoods
  • Homeowners
  • Events
  • Buyers
  • Contact
  • Blog

EMERGING LA - BLOG

LA City Counsel proposes ‘anti-displacement’ zones around luxury development

12/30/2019

0 Comments

 
Picture
The Los Angeles City Council voted today to lay the groundwork for creating “anti-displacement zones” around new market-rate or “luxury” residential buildings that contain no affordable units. 
​

The vote directs the city’s housing and community investment department, city planning, department, and the city attorneys to draft an ordinance that would put in place a battery of protections aimed at helping renters in a one-mile radius around new developments.

Read More
0 Comments

FHA Loan Limit Increase for 2020

12/20/2019

0 Comments

 
Picture
The Federal Housing Administration announced that it is increasing its loan limit for most of the country in 2020. The 2020 FHA loan limit will be $331,760—a $17,000 increase from 2019’s loan limit.
​
In about 70 designated high-cost counties, the FHA’s 2020 loan limit will climb to $765,600—a $40,000 increase from 2019. Alaska, Hawaii, Guam, and the U.S. Virgin Islands will have higher limit ceilings than the rest of the country because of higher construction costs, the FHA says. Those areas will have a 2020 FHA loan limit of $1,148,400.

Read More
0 Comments

Programs that help first time homebuyers in LA

12/17/2019

0 Comments

 
Picture
The Los Angeles housing market is not a hospitable one for first-time buyers. 

​
Only 25 percent of all LA residents can afford a median-priced home, according the California Association of Realtors. It can be even harder for first-time buyers, who don’t have a property they can sell to cover the cost of a down payment.
​

But some programs at the local, state, and federal level can help buyers purchase their first homes—and many of them provide borrowers with help to make those costly down payments.

Read More
0 Comments

An Increase In VA Loans Among Young Homebuyers

12/9/2019

1 Comment

 
Picture
When it comes to mortgages, VA loans are about the best you can get. With no down payment, no mortgage insurance, and super-low interest rates, they save homebuyers significantly—both up-front and over the long haul.

And while VA loans have historically been underutilized, it seems Millennials are looking to buck that trend. In fact, according to data from the Department of Veterans Affairs, the share of Millennials using a VA loan jumped 14% over the last year alone.
​

VA loan activity jumped with Generation Z buyers, too, and combined, the two generations accounted for 45% of all VA purchase loans originated in the past year. ​

Read More
1 Comment

Low Mortgage Rates in Late November

12/2/2019

0 Comments

 
Picture
According to the Freddie Mac's latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage (FRM) averaged 3.66 percent.

"The housing market continues to steadily gain momentum with rising homebuyer demand and increased construction due to the strong job market, ebullient market sentiment and low mortgage rates," said Sam Khater, Freddie Mac's Chief Economist. "Residential real estate accounts for one-sixth of the economy, and the improving real estate market will support economic growth heading into next year."

Freddie Mac News Facts
​
  • 30-year fixed-rate mortgage averaged 3.66 percent with an average 0.6 point for the week ending November 21, 2019, down from last week when it averaged 3.75 percent. A year ago, at this time the 30-year FRM averaged 4.81 percent.
  • 15-year fixed-rate mortgage averaged 3.15 percent with an average 0.5 point, down from last week when it averaged 3.20 percent. A year ago, at this time the 15-year FRM averaged 4.24 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.39 percent with an average 0.4 point, down from last week when it averaged 3.44 percent. A year ago, at this time the 5-year ARM averaged 4.09 percent.
 
Credits: FreddieMac.com
0 Comments

    #RealtorCrissi

    Crissi Avila will teach you how to buy smart. We’ll look at location, development, and turnover so you can spot opportunities long before most even start considering them. ​

    Categories

    All
    Buyers
    Economy
    Homeowners
    #hot Properties
    Investing

    Archives

    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    November 2016
    October 2016
    April 2016
    January 2016

    RSS Feed

Copyright © 2017
  • Home
  • Neighborhoods
  • Homeowners
  • Events
  • Buyers
  • Contact
  • Blog