CAR November Sales Statistics
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San Leandro Rent Review Expansion
Late Monday night in a surprise move a divided San Leandro City Council voted to expand their current rent review ordinance to include all residential rental properties including single-family detached homes and condominiums. The action was only the introduction of modifications to the ordinance. The changes will need final approval during the City Council meeting on Monday, Dec 21 .
Fremont Open Data Map
The city of Fremont just released a map with all the available public data. You can look for land use, zoning, community plan areas, and schools. Check it out! http://egis.cofgis.opendata.arcgis.com/
FHA Announces New Loan Limits
The Federal Housing Administration (FHA) has announced the agency's new schedule of loan limits for 2016. These loan limits are effective for case numbers assigned on or after January 1, 2016, and will remain in effect through the end of the year. Due to changes in housing prices, the maximum loan limits for forward mortgages increased in 188 counties. There were no areas with a decrease in the maximum loan limits for forward mortgages. Each year, FHA recalculates its loan limits based on 115 percent of the median house price in the area. For counties, or equivalent, located in Metropolitan Statistical Areas (MSAs) the limit for all areas in the MSA is calculated based on the highest cost county. There is no change to the FHA national loan limit “ceiling” which remains at $625,500 and the “floor” which remains at $271,050. FHA’s minimum national loan limit “floor” is set at 65 percent of the national conforming loan limit of $417,000. The floor applies to those areas
CAR interactive October market statistics
CAR just released their October statistics for the entire state. Select the county and all of their info for the month will pop up.
CAR's market pulse
The California Association of Realtors posted their October market pulse. I agree with a lot of their numbers...
NAR Sales Outlook
The National Association of Realtors' chief economist just posted this video about his outlook and how the increase in mortgage rates will affect the market.
Redfin Estimates vs. Zillow Estimates
Redfin just released their automated home price estimates as a competitor to Zillow's "Zestimates". They claim its estimates have a median error of 1.96 percent for homes that are on the market and 6.23 percent for those that are not versus 7.9% at Zillow. I'll play around with it and let you know my thoughts. More info here-- http://techcrunch.com/2015/12/03/redfin-launches-automated-home-price-estimates/