Santa Monica: An unexpected haven for first-time buyers

With a 90-day average median list price of $4.3 million, Santa Monica, California doesn’t seem like a place where one would expect to find many first-time homebuyers. But local real estate professionals would beg to differ. “Most of the demand is coming from first-time buyers,” Trevor Levin, a local
Read MoreMortgage rates continue to trend down ahead of inflation report

As the U.S. reaches its peak homebuying season, mortgage rates continue to ease week over week. HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.45% on Tuesday, below the rate of 7.51% one week ago. At the same time one year ago, the average rate wa
Read MoreFidelity CEO says federal government’s title insurance proposals are ’misguided’

Despite persistently high interest rates, big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. In first-quarter 2024, Fidelity reported total revenue of $3.299 billion, up from $2.474 billion a year ago. Its net earnings were $248 million, co
Read MorePeak homebuying season is clouded by mixed signals

As the U.S. hits peak homebuying season, the signals across the country are mixed at best as some markets are accelerating while others are slowing quickly. Inventory continues to build at the national level, something that’s happening most rapidly in the South. Home sales continue to run just a lit
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