Fire Insurance Quick Guide
Are you planning to buy your next home in 2025? If so, then you must read this quick guide from California Realtor’s Association (CAR) to understand fire insurance requirement and other important details. Fire Insurance There is a specific contingency for insurance in the Residential Purchase Agreement Investigating the availability and cost of fire insurance…Read More→
First interest rate cut in 4 years
How much was the rate cut? The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to head off a slowdown in the labor market. With both the jobs picture and inflation softening, the central…Read More→
NAR Settlement : What it means for home buyers and sellers
What was the lawsuit and settlement about? On March 15, 2024, the National Association of Realtors® (NAR) announced a proposed settlement agreement to end litigation over home seller claims related to broker commissions. The settlement includes a release of liability for over a million NAR members and various other parties, requires MLS practice changes, and…Read More→
Home prices remain high as inventory lags: Redfin
The median U.S. home prices reached a record $387,600 in the four weeks ending May 19, marking a 4% year-over-year increase, according to data released Thursday by Redfin. The pricing surge comes despite a marginal dip in weekly average mortgage rates, which fell from a five-month high of 7.22% to 7.02% at the beginning of…Read More→
