Real Estate

When it comes to home painting, numbers matter: the number of coats to apply, the number of years a paint job will last and more. When it comes to painting the home exterior, aesthetics drive most decisions, but you shouldn’t ignore the math when choosing your paint.

"Things like cost and coverage rate should be taken into account," said Debbie Zimmer, paint and color expert at the Paint Quality Institute. "But some other numbers are much more important." Every paint job involves three key numerical decision points.

Freddie Mac’s March 5 Primary Mortgage Market Survey showed that rates have moved lower for the first time in four weeks. The 30-year fixed-rate mortgage fell 5 basis points from last week’s 3.80 percent to 3.75 percent. In the first week of March 2014 the 30-year fixed averaged 4.28 percent.

The 15-year fixed-rate mortgage stood at 3.03 percent on March 5, down 4 basis points from Feb., 26, when it averaged 3.07 percent. A year ago at this time, the 15-year fixed averaged 3.32 percent.

Ten steps to finding quality tenants

A quality or "golden" tenant represents the norm in my experience as the owner of a real estate property management company for 28 years.

A quality tenant is someone who pays the rent on time, immediately notifies an owner or manager of any maintenance issues, follows the house rules, gets along with the other tenants and enjoys living in your property. They are the gold for an investment property owner.

A strong employment report has helped send mortgage rates higher. Freddie Mac’s Feb. 19 Primary Mortgage Market Survey showed that the 30-year fixed-rate mortgage rose 7 basis points from last week’s 3.69 percent to 3.76 percent. In the third week of February 2014 the 30-year fixed averaged 4.33 percent.

The 15-year fixed-rate mortgage stood at 3.05 percent on Feb. 19, down 6 basis points from Feb. 12, when it averaged 2.99 percent. A year ago at this time, the 15-year fixed averaged 3.35 percent.  

 

California’s housing market started the New Year still bearing the scars of 2014’s tight housing inventory and low housing affordability. Statewide home sales not only fell from December 2014, but from January 2014 as well, the California Association of Realtors (C.A.R.) recently announced. 

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 351,890 units in January, according to information collected by C.A.R. from more than 90 local Realtor associations and their multiple listing services statewide.

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