From home insurance to car coverage, insurance companies are deciding to just not do business in California any longer. So what has to happen to force companies to abandon a huge market? Well, despite the headlines, it is not just weather issues and corporate greed. Today, we take a look at the latest news that State Farm decided last week to stop offering home insurance in the state of California and what that will likely mean for homeowners going forward. ——————————————————————————————————————————————————  ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter ..read more

In this thought-provoking episode, we delve into the often overlooked drawbacks of low-income buyers availing themselves of 1% down loans. Today we will specifically be talking about the Rocket Mortgage ONE+ loan program. While these loans may seem appealing on the surface, they can harbor hidden pitfalls that can leave borrowers vulnerable. Join us as we explore the cautionary tales and shed light on the potential downsides of this financing option. Episode Highlights: Understanding 1% Down Loans: We begin by explaining the concept of 1% down loans, which have gained popularity as an attrac ..read more

Business bankruptcies are up 216% and we are not even half way through 2023 yet! What does this mean for unemployment and the world of real estate? Let's take a minute to chat about all that!   —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/   ? ? Get Your FREE Home Value Estimate! - https://www.soldbyrobert.com/sellers-services/property-value-report   ☕️ "Coffee And Real Estate" Live Events: https://www.facebook.com/whitelawre/liv ..read more

The headlines today sure do seem to be sending out a positive message relating to real estate. Many tell us the great home value drop is over. The most recent numbers prove we are out of the woods. Do they really?   In todays show we will take a closer look and see if we should be optimistic or not.   —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/   ? ? Get Your FREE Home Value Estimate! - https://www.soldbyrobert.com/sellers-serv ..read more

Fasten your seat belt folks, today we get a classice Rebelbroker rant podcast! Let's play pretend for a moment. You find yourself in a situation where you are behind on your property tax payments. You owe $5,000 dollars. One thing leads to another and the state is going to take your property and sell it to pay your tax debt. The state does its thing and sells your home for $500,000. Expecting to get a check for $495,000, you wait patiently at your mailbox for that payment. Surprise! It will never arrive. That's right, the law says that no matter how little you owe, the government gets to keep ..read more

Are you a responsible borrower? Have you saved diligently for that 20% downpayment on your first home? Did you educate yourself and work toward improving your credit score so that you reached your goal of a score higher than 680? Well, then the FHFA (Federal Housing and Finance Association) would like to take this opportunity to completely screw you over! How will they screw you over? With higher rates and fees! But wait, for those folks who did not save, have a poor credit score and have not managed their financial lives responsibly there will be discounts and incentives!   Here are a fe ..read more

The media at large seems very excited about FHA loans being able to be adjusted to 40 year terms in cases where the borrower is in a tight spot. But does it make sense to extend the indebtedness of someone that is already in financial trouble? Extending a mortgage out to 40 years takes all the worst elements of a loan and makes them worse. In todays show we are going to discuss this and see if we can cover the issue and come to some conclusions.   Links: https://finance.yahoo.com/news/government-policy-could-help-keep-170000286.html https://www.jvmlending.com/blog/why-i-hate-40-year-mort ..read more

In todays show we will take some time to review the latest buyer and seller sentiment data. We also take some time to consider what the data says about buyers vs what we are seeing buyers actually do in the marketplace.  We will also talk a bit about thoughts relating to when to buy and what might be good options relating to taking advantage of the market now in anticipation of interest rates dropping sometime in the next year or two when the Fed starts to reduce interest rates to fight recession.   SOURCES: https://www.realtor.com/research/march-2023-hpsi/   ..read more

If you think of predatory lending as any borrowing scenario that has a high probability of causing issues for the borrower, I think that there is a good chance we should chat about the "California Dream For All" loan program from CalHFA (California Housing Finance Agency).   Schemes like this are predicated on the idea that the price of real estate will continue to rise. As we all know, that is not always true. During the last downturn, nothing was more saddening than trying to help people who had tried to take advantage of these programs and been left completely upside down and being for ..read more

I came across an article a little while back on Redfin where they were discussing the pros and cons of living in San Francisco. As someone that is pretty familiar with San Francisco, I was surprised more by what they left out than what the included. San Francisco has long been considered a desirable place to live, thanks to its stunning architecture, rich cultural diversity, and thriving job market. However, recent years have highlighted some of the significant downsides of living in the city. In this podcast, we'll discuss a recent Redfin article that left out some critical cons to living in ..read more