Last December, when the Federal Reserve projected a series of benchmark rate cuts in the coming year, some analysts speculated that mortgage rates—which had recently peaked near 8%—would fall closer to 6% by mid-2024.1,2,3 Unfortunately, persistent inflation has delayed the central bank’s timeline and kept the average 30-year mortgage rate hovering around 7% so far […]
Real Estate Articles about California
Articles and information about real estate in California.
The real estate market is constantly changing, stay on top of the latest news and trends in the housing market at Guthrie Group Homes, Real Estate.
6 Strategies to Save on Home Insurance Premiums
From wildfires to floods, the past few years have brought a historic number of devastating climate and weather events to the United States. In 2023 alone, there were 28 individual weather-related disasters that caused at least $1 billion in damages each.1 These events triggered a huge influx of home insurance claims, and analysts expect the […]
Income Properties Are Trending, But Is Landlord Life for You?
If the thought of investing your money into brick and mortar—or perhaps some stylishly painted siding—excites you, join the club. Investing in real estate has long been one of Americans’ favorite ways to grow their wealth. In fact, over 70% of single-family rental properties are currently owned by individual investors rather than corporations, according to […]
Riding the Storm Out: Understanding the Insurance Crisis in California
Take a closer look at the storm that new homeowners in California and Florida are facing as insurance companies deny writing insurance policies. Understand the vulnerabilities caused by this crisis, learn about the reasons driving policy denials, and explore actionable steps to protect yourself in the face of this insurance crisis. Thousands of people in […]
How to Become a Homeowner on a First-Time Buyer’s Budget
It’s not easy being a first-time homebuyer right now. At the end of last year, housing affordability hit an all-time low.1 Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even lower-priced condos are harder to snag these days, as investors and downsizers […]
BREAKING NEWS: What Recent Bank Failures Mean For Mortgage Rates (and You)
The recent collapse of Silicon Valley and Signature banks sent shockwaves through the financial sector, causing a ripple effect through the economy. While the situation has been challenging, there’s also been a silver lining in real estate: Mortgage rates are down. Read on for a summary of the situation, as well as what it means […]
The 2023 Real Estate Market Outlook
2023 Real Estate Market Outlook (And What It Means for You) Last year, one factor drove the real estate market more than any other: rising mortgage rates. In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have […]
