The recent Equifax data breach, which exposed the personal information of about 143 million Americans—one of the largest hacks on record—could put home sales at risk. For consumers trying to get a mortgage, the data breach, which compromised people’s Social Security numbers, addresses, and credit card information, could stall their loan approval or put them …
by John Block, Secretary of Agriculture in the Reagan Administration You may have heard about the John Duarte wetlands case. John Duarte, a California farmer, bought 450 acres in 2012. He plowed and planted it to wheat. The Army Corps of Engineers, the California Water Quality Control Board, and the EPA came after him. He …
There are 30,000 gun related deaths per year by firearms, and this number is not disputed. U.S. population 324,059,091 as of Wednesday, June 22, 2016. Do the math: 0.000000925% of the population dies from gun related actions each year. Statistically speaking, this is insignificant! What is never told, however, is a breakdown of those 30,000 …
The credit reporting firm Equifax announced a massive cybersecurity breach that likely comprised the personal information of up to 143 million Americans—essentially half of the country, CNN reports. Hackers gained access to sensitive information such as names, social security numbers, birth dates, addresses, and driver’s license numbers between mid-May and July, Equifax reports. The breach …
The State Department requires that all U.S. citizens in need of rescue from hurricane-struck areas first sign a promissory note requiring them to pay back the U.S. government all costs associated with their rescue, such as airfare, according to a copy of that form obtained by the Washington Free Beacon. Some U.S. citizens seeking evacuation …
Half of the 20 hottest housing markets in August were located in California. Vallejo, Calif., held on to its top spot in realtor.com®’s “hot list” this month. Realtor.com® ranks the top 20 medium-to-large metro markets where homes are selling the fastest and where buyers are searching the most on realtor.com®. Detroit also made a …
The federal government is expanding its effort to catch people and organizations that use all-cash purchases of high-end real estate to launder money. Under the expansion, Honolulu will join several other areas in which title agents are required to report purchaser information for specific transactions. The expansion also adds certain wire transfers to the list …
by Rakshiet Jain, CFA On December 16, 2015, the Federal Reserve decided to raise the target range for the federal funds rate 1/4 to 1/2 percent OR about 0.25%, the first increase in over eight years. Federal Reserve also intends to reduce its balance sheet soon. Have you ever wondered what all this means and …
How The Fed Sets Interest Rates — Impact On Commercial Real Estate Read More »
If a person wants to become a homeowner but lacks the qualifications to qualify for a traditional mortgage, signing a land contract is another option for purchasing property. A land contract is a written agreement between the seller of the property and a potential buyer. Instead of taking out a mortgage and making payments to a …
The income needed to buy a median-priced home in the Bay Area has more than doubled since 2012. That striking bit of news comes from a second-quarter report by the California Association of Realtors. It shows that a minimum income of $90,370 was required five years ago to purchase a median-priced single-family home of $447,970 …
Bay Area real estate: To buy a median priced home, you now need income over $179,000 Read More »
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