Pending Home Sales Inch Up in May

Pending Home Sales Inch Up in May

The National Association of Realtors’ Pending Home Sales Index rose in May. Sacramento came in #12 on the list of the Nation’s Top 20 Hottest markets. Up from #18 on the list in 2018 with a 10 percent Listing Price increase. The lower-than-usual mortgage...
Older Americans spending on home improvement

Older Americans spending on home improvement

One decade after the financial recession, new home construction has remained relatively sluggish. That means that American homes are getting older, and homeowners are funneling more money into remodeling. A new report published by Harvard University’s Joint Center for...
Repeat Offender, Others Caught in License Sting

Repeat Offender, Others Caught in License Sting

CSLB’s Statewide Investigative Fraud Team coordinated the undercover operation in a single-family home near Mather Airport in mid-June and caught a Sacramento area offender who has a history of unlicensed contracting activity. Jacob Daniel Cobb is one of 13 cited in a...
Ellie Mae Report Shows Robust Mortgage Activity

Ellie Mae Report Shows Robust Mortgage Activity

The May Origination Insight Report from Ellie Mae reported the 30-year note rate dropped for the fifth straight month in April. Even better for consumers, as the 30-year note rate declines month after month, we are seeing the purchase and refinance activity on the...
Federal Interest Rates Remain Unchanged

Federal Interest Rates Remain Unchanged

The Federal Open Market Committee stood strong on rates at the conclusion of its June meeting but signaled it was at the ready to help to sustain economic expansion.  As a result, “The Fed” elected to keep the benchmark interest rate within its target range of 2.25%...