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  • Flood Insurance Extended in Last-Minute Funding Deal

    OP

    Sep 30, 2023

    Congress averts a government shutdown and a lapse of the National Flood Insurance Program after NAR makes a massive advocacy push.

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  • Breaking News: NFIP Extended in Last-Minute Funding Deal

    OP

    Sep 30, 2023

    Following a massive advocacy blitz by the National Association of REALTORS®—which included a rare nationwide call to action—Congress passed a last-minute spending deal Saturday to avert a government shutdown and extend the authority of the National Flood Insurance Program (NFIP).

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  • Pending Sales Decline in August 2023 to the Lowest Since April 2020

    OPAdmin

    Sep 28, 2023

    Pending Sales Decline in August 2023 August’s pending home sales pace declined 7.1% from last month and fell 18.7% from a year ago. By:  Michael Hyman

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  • August 2023 Existing-Home Sales Fall as Home Prices Increase with Mortgage Rates

    OPAdmin

    Sep 28, 2023

    August 2023 Existing-Home Sales Fall, Prices Increase Housing market activity this August declined 0.7% from July 2023 to a 4.04 million seasonally adjusted annual rate. By:  Michael Hyman

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  • Senate Committee Approves SAFE Banking Act

    OPAdmin

    Sep 28, 2023

    This legislation creates a safe harbor for financial institutions in states that have legalized cannabis to accept funds derived from cannabis businesses. Learn more.

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  • Contract Signings Dive as Higher Mortgage Rates Sideline Buyers

    OPAdmin

    Sep 28, 2023

    Pending home sales fell last month as house hunters struggled against rising costs. Read more from NAR’s latest home sales report.

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  • Instant Reaction: Mortgage Rates, September 28, 2023

    OP

    Sep 28, 2023

    Instant Reaction: Mortgage Rates, September 28, 2023 The 30-year fixed rose this week to 7.31% from 7.19%, the highest level since December 15, 2020. By:  Jessica Lautz Mortgages & Home Financing

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  • Pending Home Sales Tumbled 7.1% in August

    OPAdmin

    Sep 28, 2023

    Pending Home Sales Tumbled 7.1% in August Pending home sales fell 7.1% in August 2023, with rising mortgage rates and low inventory reducing the pool of home buyers. Media Contact:  Lauren Cozzi 202-383-1178

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Office 831.241.7926

419 Webster Street
Suite 200
Monterey, Ca. 93940

DRE Lic # 02189016

Ocean Pacific Realty Group

831.241.7926

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