Welcome to Episode 19 of the California Real Estate Update. Hello this is Mary West and this segment is sponsored by Group 1 Real Estate.
This week we got good news for home buyers and sellers in two separate reports from CoreLogic.
The first study presents evidence that loans originated in the last quarter of 2016 were among the highest-quality home loans for the last 15 years. Six risk factors were considered including credit score, loan-to-value ratio, and debt-to-income ratio.
The second study reports that U.S. home prices across the US rose in January at an accelerated rate. Much of this growth is due to a limited supply of available houses. This could be bad news for buyers except that historically low interest rates keep home loans affordable.
Thank you for listening and for a transcript, please visit Group1RealEstate.com. This is Mary West with the California Real Estate Update by Group 1 Real Estate.