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C.A.R. Market Matters

Nov 1, 2019 | For the Buyers, For the Realtors, For the Seller

C.A.R. Market Matters. Leading the way in Real Estate Market News.

Here’s how the Fed rate cut affects you

Source: CNBC
The Federal Reserve’s decision to cut interest rates by a quarter point for the third time this year makes this a good time to refinance your mortgage at a lower rate or apply for a home equity line of credit.

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California’s wildfires put tens of thousands of homes at risk amid a housing shortage

Source: Realtor.com
Hundreds of thousands of Californians have been forced to evacuate, and if a significant number of them can’t go back, the state’s housing shortage will likely make a bad situation even worse.

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Los Angeles bans “granny flats” as Airbnbs

Source: The Real Deal
Los Angeles’s law policing short-term rentals goes into effect on November 1, and one crucial component is being overlooked: a ban on using newly constructed accessory dwelling units as short-term rentals.

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“Big Short” investor says Zillow has one of the “most flawed” business models he’s seen

Source: CNBC
Investor Steve Eisman is predicting bad things ahead for anyone betting on online real estate site Zillow, which has been trying to expand its operations.

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Where cemeteries might influence how much buyers save or spend

Source: Zillow
Nearly half of respondents to a recent survey said rising home prices over the past decade have made their life worse, while just 16 percent said rising home prices made their life better.

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Huntington Beach denies it is “anti-housing” after group sues over rejection of 48-unit project

Source: L.A. Times
Mortgage applications to purchase a home, which are less sensitive to weekly rate moves, fell 4 percent for the week but were 6 percent higher compared with the same week one year ago.

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