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Private Client Capital Commitment For New Custom Home in Laguna Beach
- 05/10/22
One Source Capital Group - Has committed lend $3.3 million dollars to one of its confidential clients for a new property acquisition in Laguna Beach Ca.
Our Portfolio Jumbo Loan Products Rock!!!!
Did You Know?
- 08/09/21
Did You Know?
Clearing some supply chain bottlenecks is likely to ease inflation pressure in the coming months. But corporations aren’t going to halt their efforts to shorten, diversify, and deglobalize supply chains as insurance against future shutdowns (Bloomberg).
Mortgage rates fell further this week, reaching their lowest level in six months as investors reevaluate their outlook for long-term economic growth. For months, the market impact of pandemic-related factors has far outweighed the influence of traditional economic reports, and developments in recent weeks have reinforced that trend (Zillow Research).
Days after a national eviction moratorium expired, the Biden administration on Tuesday issued a new, more limited freeze that remains in effect through Oct. 3. Like the previous order, the two-month moratorium issued Tuesday comes from the Centers for Disease Control and Prevention. The new ban on evictions covers parts of the United States that are experiencing what the CDC calls "substantial" and "high" spread of the coronavirus (NPR).
Did You Know?
- 07/19/21
Did You Know?
Top 6 Housing Trends
- Inventory is starting to rise, up 8% in the last two weeks with the largest gain of the year.
- Demand is on the decline after reaching its peak in early spring
- Closed Sales are at the highest level since 2005
- Fewer Homeowners are opting to list, 19% fewer listings in June compared to the prior 5-year average.
- Mortgage rates are on the rise, impacting affordability and demand.
- Appreciation will continue at a reduced pace.
Goldman Sachs argues that US housing isn't a bubble. They argue there is no "over-building of housing, over-leveraging of household balance sheets, loosening of lending standards, and over-exuberant homebuyer expectations". They also think Fed's buying of MBS has been limited as demand has been driven by other factors such as low supply and high demand.
Did You Know?
- 06/29/21
Did You Know?
US Banks are healthy and all 23 firms performed well in annual stress tests. The stress tests gauge banks’ ability to maintain strong capital levels and keep lending to businesses and households in a severe recession. In a worst-case scenario, featuring a severe global recession in which the U.S. sees double-digit unemployment, the 23 large banks would collectively lose more than $470 billion, the Fed said in a release. Their capital ratios would decline to 10.6%, still more than double their minimum requirements. (WSJ)
Federal tax stimulus to states has resulted in massive state surpluses. 29 states took in more revenue in 2020 than 2019...... California has a $75 billion surplus: the state will also pay overdue rent for low and middle-class renters worth $5.2 billion! Expect this additional money to circulate in the economy and boost it even further. YIKES!
U.S. home prices in May experienced their biggest annual increase in more than two decades, as a shortage of properties and low borrowing rates fueled demand. The median existing-home sales price in May topped $350,000 for the first time, the National Association of Realtors said Tuesday. The figure was nearly 24% higher than a year ago (in the midst of massive lock-downs!), the biggest year-over-year price increase NAR has recorded in data going back to 1999. (WSJ).