Radio

Today’s News Synopsis:   According to data from Freddie Mac, 30-year mortgage rates have once again risen above 7%. As home prices continue to rise and inventory remains low, the potential for new homebuyers to afford a home dwindles. In The News:   Yahoo Finance – “Mortgage rates likely to hit 8% in a few […]

    Carlos is a seasoned real estate investor and proud owner of Ridgewood Property Investments.  A company that buys, fixes and flips properties in southern California with an emphasis in the Inland Empire.  A licensed Real Estate agent, he will on occasion represent buyers and sellers in a traditional manner as well. Growing up

Today’s News Synopsis:   Federal Reserve Chair Jerome Powell said Tuesday that it will take “longer than expected” to achieve the confidence needed to get inflation down to the central bank’s 2% target, signaling that it will also likely take longer to cut rates. In The News:   Yahoo Finance – “Powell says taking ‘longer

Today’s News Synopsis:   Rising home prices and mortgage rates are making it harder to believe in the American dream of homeownership. Lack of affordability is the most commonly cited reason renters don’t believe they’ll ever own a home. In The News:   Redfin – “Nearly 40% of Renters Think They’ll Never Own a Home,

Today’s News Synopsis:   Applications to refinance a home loan jumped 10% for the week and were 4% higher than the same week one year ago. In The News:   CNBC – “Mortgage refinance demand surges even as rates cross back over 7%. Here’s why“ (04-10-24) “The average contract interest rate for 30-year fixed-rate mortgages

    Carlos is a seasoned real estate investor and proud owner of Ridgewood Property Investments.  A company that buys, fixes and flips properties in southern California with an emphasis in the Inland Empire.  A licensed Real Estate agent, he will on occasion represent buyers and sellers in a traditional manner as well. Growing up

Today’s News Synopsis:   Aspiring homeowners may have a less fraught experience shopping for a property as rate fluctuations calm, says NAR’s deputy chief economist. In The News:   Realtor Magazine – “Steady Mortgage Rates Help Home Buyers Plan Ahead“ (04-05-24) “So far this year, mortgage rates have not seen a rapid run-up like late

Today’s News Synopsis:   The home buyer and seller data is taken from the annual Profile of Home Buyers and Sellers. This report provides insights into the differences and similarities across generations of home buyers and sellers. In The News:   NAR – “Home Buyers and Sellers Generational Trends“ (04-03-24) “Since 2013, the National Association

    Frank J. Aloia, Jr., is a senior partner at Aloia Roland, which he co-founded in 2004. The son of a successful Fort Myers attorney, Aloia, chose to make his own way in the legal profession, first as an assistant state attorney, and then later as a business and corporate attorney who quickly gained