When getting ready to buy a home, you’ll hear a lot of terms that you probably haven’t heard before. For example: FRM, PMI, amortization… you get the gist. Luckily, we’ve put together a list of 10 homebuying terms to know. There’s additional lingo that’s good to know and can be equally overwhelming to digest. We’reRead more
What’s in store for the U.S. housing market in 2020? With low interest rates, modest inflation and a solid labor market, there are many reasons to be optimistic about housing in the coming year. In 2019, a sustained drop in mortgage rates and a strong labor market helped the U.S. housing market to rebound inRead more
Existing home sales fell in November, declining by 1.7% to an annualized pace of 5.35 million following a 1.5% gain in October to an annual rate of 5.44 million. Even with the decline, existing home sales continue to trend modestly higher, remaining 2.7% above November 2018 levels. Regionally, sales were mixed with gains of 1.4%Read more
Ticor Title Newport Beach has been voted a Top Orange County Workplace by the Orange County Register for 2019! Here’s a short message from Ticor OC County Manager, Rick Bashore: “I want to announce that our organization was honored last week at the 12th Annual OC Register Top Work Places 2019. This year, 140 localRead more
As widely expected, the FOMC held the target for the fed funds rates steady at 1.50% to 1.75% today, after cutting the by a cumulative 75 bps this year. There were a few changes to the statement this time around. The Fed added that it judges the current stance of monetary policy as appropriate toRead more
Overly restrictive local land-use regulations limit the supply and increase the cost of housing. But, until recently, there were limited sources of comprehensive data on these regulations over time. Fannie Mae collaborated with the Urban Institute to launch a new public data source on land-use practices from data collected through the National Longitudinal Land UseRead more
Construction on new houses jumped 12% in August to the fastest pace in years as the multi-family market stabilized and mortgage rates dropped, despite an otherwise volatile month. Housing starts increased to an annual rate of 1.36M in August, up from a revised 1.22M in July, according to the monthly report from the Commerce Department.Read more
We want to wish all of our friends, family, and clients a Happy Halloween and a successful November. As the holidays are now upon us, we hope you will find this calendar useful and might check out some of the events taking place in Orange County this month. If you’d like to have a copyRead more
The benefits of a 1031 Exchange, fire safety, the importance of home inspections, and the real estate closing process are covered in this edition of Consumer Focus … check out the articles listed below for more details. Benefits of a 1031 Exchange A very powerful investment technique is the Tax Deferred Exchange, which allows propertyRead more
We’ve come to the end of September and October starts tomorrow. Check out Ticor’s 2-page Calendar of Events for great things taking place all over Orange County this month… Find your favorite pumpkin patch or choose your favorite festival … there are many to choose from. Wishing all of our friends and family a greatRead more