Los Angeles - Real Estate Investor Pulse

Los Angeles agencies returned $150 million in federal funds to house homeless people

September 28, 2022 Mariel Alumit Comments Off

Source: LA Times — Nearly $150 million worth of federal grants to the three main housing agencies working to reduce homelessness in Greater Los Angeles went unspent between 2015 and 2020, as the number […]

Los Angeles, Seattle rank among top destinations for digital nomads in the US

August 13, 2022 Allen Santos Comments Off

With millions of people now more flexible about where they live and work, guests are spreading to thousands of towns and cities this summer – over 72,000 cities and towns, to be exact – with […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]