Market Snapshot

California has an out-migration problem. Recently released figures from the State’s Department of Finance (DOF) shows that the number of Californians leaving the state each year is on the rise. After falling significantly during the Great Recession, outmigration from California is exhibitionist on a 4- year uptrend. The DOF reports that nearly 118,000 people moved…

Mortgage rates have shot up in the two weeks following the election, moving to highest levels in two years, with the 30-year fixed rate loan at 4.25 percent. This has instantly pushed up the cost of borrowing and home purchasing for many people in California, caused many to try to lock in current rates and…