Category Archives: California Real Estate

California Residential Year-to-Year Price Gain Highest Since June 2015

November 2015 median price was 6.8 percent higher than the revised $444,630 recorded in November 2014 By Jeff Sorg, OnlineEd Blog (January 15, 2016) – California existing home sales fell in November from both the previous month and year for the first time in nearly a year as low housing affordability extended into Southern California, according to the CALIFORNIA […]

Zillow Predicts Hottest Housing Markets for 2016

Topping the list is Denver, followed by Seattle and Dallas-Fort Worth, all of which are major tech towns; Portland, Ore. lands at number 10 By Jeff Sorg, OnlineEd Blog (January 12, 2016) –  It’s a new year and everyone is making their predictions about housing. And Zillow® is no different. On Tuesday Zillow announced its predictions […]

NMLS License Renewals Off to Strong Start

Submitting renewal requests in early December significantly reduces the likelihood of a NMLS license being terminated on January 1, 2016 By Jeff Sorg, OnlineEd Blog (December 8, 2015) –  The 2016 renewal period for the Nationwide Multistate Licensing System (NMLS) is off to a strong start, with renewal approvals up from last year.  NMLS announced that […]

CFPB Director Addresses National Association of Realtors®

Prepared Remarks of Richard Cordray Director, Consumer Financial Protection Bureau  National Association of Realtors WASHINGTON (September 17, 2015) – Thank you for inviting me today.  That renowned philosopher from the Garden State of New Jersey, Bruce Springsteen, once said, “I have spent my life judging the distance between American reality and the American dream.”  For the past few […]

Cash Sales Drop to Lowest Point Since Crash

Cash sales drop to 34% of all home sales in April 2015 By Jeff Sorg, OnlineEd Blog, July 29, 2015 Irvine, CA. – Cash sales made up 33.7 percent of total home sales in April 2015, which is down from 37.4 percent in April 2014, according to the Core Logic July 2015 Market Pulse publication. Cash sales have […]

HUD and Census Bureau Report New Residential Sales in June

Home supply at just 5.8% months By Jeff Sorg, OnlineEd Blog, July 28, 2015 WASHINGTON, D.C. – Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000 uints, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the Census Bureau. This […]

Housing Prices Reach Near Pre-Crash Levels

The U.S. index is only 1.8 percent below its March 2007 peak By Jeff Sorg, OnlineEd Blog, July 27, 2015 Washington, D.C. – U.S. house prices rose in May, up 0.4 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). The previously reported […]

NMLS to Send Annual CE License Notice to MLOs on July 15

NMLS to place a license item on MLO licenses not yet compliant with 2015 Continuing Education (CE) (Jeff Sorg, OnlineEd) – On July 15, 2015, NMLS will place a license item on every state MLO license not yet compliant for Continuing Education (CE) in 2015. The purpose of the license item is to remind individuals that they […]

Millennials Willing to Sacrifice Starbucks Visits To Finance Home Purchase

Millennials are ready to give up some conveniences in order to finance a home purchase (Washington DC, July 14, 2015) — A majority of millennials (ages 24-34) are willing to sacrifice modern day conveniences like cell phones, internet, cable and Starbucks in order to save for a down payment on a home. A new survey from […]

Equifax Reports First Quarter Mortgage Origination Balance Hits $466 Billion

Equifax report –  First quarter mortgage originations soar! (Jeff Sorg, OnlineEd) – According to the Equifax National Consumer Credit Trends Report, total mortgage origination balances hit $466 billion in the first quarter, a 74.4% increase from the same time a year ago. These are  a few key takeaways from the report: First mortgages led the growth, […]