• Huntington Beach, California

    Huntington Beach

  • Fountain Valley, California

    Fountain Valley

  • Irvine

  • Westminster

Inventory Shortage and Pricing Impact Pending Home Sales

• A monthly index measuring signed contracts to buy existing homes fell 2.6 percent in August compared to July. • That is the fifth drop in the past six months and below expectations. • A drop in supply and spike in home prices are largely to blame for the change, but two devastating hurricanes only…

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Inventory Supply Affects Pending Sales

• Pending home sales fell 0.8 percent compared with June, according to the National Association of Realtors. • The index is now 1.3 percent below a year ago and has fallen on an annual basis in three of the past four months. • “The reality, therefore, is that sales in coming months will not break…

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California Real Estate Sizzles

The California Association of Realtors June Housing Report states the median number of days on the market fell to 22.4 days in June, the fastest rate since May 2004, when it took 21.9 days to sell a home. ~ Los Angeles metro area registers a year-to-year sales increase of 8.3% . ~ New statewide active…

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How High Can Prices Go?

For 62 straight months, Southern California home prices have increased. Five years ago, a median-priced condo in Orange County was around $280,000, about 76% less than today’s prices. A report from Jim Doti and economists at Chapman University think Orange Country housing is in bubble territory, but is not in immediate danger of bursting. A…

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New Pending Sales Up in April

The National Association of Realtors reported a 1.3% drop in pending sales of condos, co-ops, and single-family homes in April. “Prospective buyers are feeling the double whammy this spring of inventory that’s down 9.0% from a year ago and price appreciation that’s much faster than any rise they’ve ilkely seen in their income,” said Lawrence…

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New Fannie Mae Rules Towards Student Debt

Many student loan borrowers – 71 percent, in a recent survey – say student loans are one reason they’ve delayed buying a home. But that could soon be changing. Recently, Fannie Mae, one of the biggest secondary markets for home loans in the U.S., announced three significant changes to its underwriting requirements pertaining to consumers…

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Annual Shredding Event

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Avoiding Buyer’s Remorse in a Hot Market

Many homebuyers are finding themselves in a bind – they have enough money and are pre-approved for a mortgage, but can they secure a house? The more prepared buyers are for the search, the more comfortable it will be — and be able to secure a home they’ll enjoy, 1. Work with a trusted agent….

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State’s Pending Home Sales Trend Higher

Exerpts from California Association Of Realtors® (C.A.R.) release dated January 24, 2017: “Led by the Southern California region, California pending home sales registered gains on a month-to-month and year-to-year basis in December, portending a moderate increase in sales in the near term. The modest sales growth is unlikely to be sustained, however, given the severe…

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Housing Outlook 2017

Here’s what the experts expect to see in 2017: 1. Rising prices will keep pushing up homeowners’ net worth. Home prices are poised to rise another 5.2 percent through September 2017, according to a recent report from CoreLogic. 2. But mortgage rates are going up. The Fed is expected to continue raising rates on a…

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