You were likely able to snag a house with a lower down payment than the traditional 20% required, but that may have left you with private mortgage insurance (PMI). This type of insurance is designed to protect your mortgage lender in case you default on the loan. Typically, a homeowner who must purchase PMI is required to keep it until reaching 20% equity.
(TNS)—A bill advancing through the California Legislature to allow for denser home building in single-family zones would be likely to produce an uptick in the state’s housing supply, but the so-called upzoning probably won’t cause mass redevelopment, according to a report published Wednesday.
The study by the Terner Center for Housing Innovation at UC Berkeley offers the most detailed analysis yet of the potential effect of Senate Bill 9, designed to allow up to four homes on most single-family lots and spur the construction of badly needed new housing.
Realogy recently reported that its affiliated agents are represented more often than any other real estate company on the latest Asian Real Estate Association of America’s (AREAA) A-list, an annual list of the top producing agents and teams among its more than 17,000 members. Year over year, Realogy agents have earned placement among the top five spots in all four categories.
ERA® Real Estate recently announced the affiliation of ERA CARLILE Realty Group. Founded in 2005 the company is headquartered in Sacramento, California, and serves Arden-Arcade, Sacramento, Fair Oaks, Carmichael, Orangevale, Rancho Cordova, Elk Grove, Roseville, Rocklin and Lincoln, as well as other Northern California communities.
Above L to R: Jeffery Heighton, Regional President of Compass New England with Michael Schlott, President of the Randall Family of Companies (Kinlin Grover Compass, Randall Realtors Compass, Page Taft Compass).
Kinlin Grover Real Estate President Michael Schlott recently announced that Kinlin Grover—along with its sister firms in Rhode Island and Connecticut: Randall REALTORS® and Page Taft—is joining Compass.