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Jan. 15 | Financial Planning 2020 – Glendora
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January – Product of the Month
C.A.R. Supports SB 50
C.A.R. issued a statement stating that the association stands with Sen. Scott Wiener, Sen. Nancy Skinner, mayors and other housing advocates “who are united in urging the Legislature to approve Senate Bill (SB) 50, a bill we’re co-sponsoring.” READ MORE
7 Agent Changes in 10 Years
So much of what team members and real estate agents use today–Instagram, Snapchat, targeted advertising and more–didn’t exist a decade ago. Here are 7 things that changed and impacted agents in the past decade: READ MORE
Client Tip: Race to Refi Costs Owners
A big chunk of homeowners are taking on higher interest rates when they refinance to tap their home equity. These cash-out refinancings, as they are known, free up money homeowners can use to pay down credit-card debt, renovate or invest in a new property. READ MORE
Southland Numbers: Los Angeles County sales up 6.1% over 12 months; median price $625,000, a 4.2% increase. Orange County: 2,800 sales, up 5.1%; median $735,500, a 2.5% increase. Riverside County: 3,185 sold, up 3.1%; median $409,500, a 5% increase. San Diego County: 3,180 sales, up 8.4%; median $594,455, a 5.2% increase. (SB Sun)
Flip Flops: A new report shows 56,566 U.S. single family homes and condos were flipped in the third quarter of 2019, down 12.9% from the previous quarter and down 6.8% from a year ago. (ATTOM Data Solutions)
Limits Up: Loans in California will be capped at $765,600, or 150% of the $510,400 limit. Fannie Mae and Freddie Mac are now insuring loans up to $510,400, marking the fourth straight year that the FHFA has increased the conforming loan limits. (HousingWire)
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In Case You Missed It…
Client Tip: 3 Reasons to Refinance
With some of the lowest interest rates in awhile, many homeowners wonder if now is a good time to refinance their mortgage. Here are three scenarios where refinancing your mortgage makes sense.
Homeowner Resolutions for 2020
The new decade is the perfect time to learn some easy, new steps that can get homeowners closer to their financial goals in 2020. Here are 5 ways to start saving money in the New Year. READ MORE
Census, Freeways, Homeless Dollars in 2020
The hot topics in San Bernardino County and why they matter are examined by the Southern California News Group.