Author Archives: Nancy Low

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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Upcoming Water Fixture Replacement Requirements

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Pending Home Sales Rise in July

More Americans signed contracts to purchase homes in July, a sign that demand for home ownership remains strong. The National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index rose 1.3 percent in July to 111.3 ( up 1.3 percent from a year ago). The number of signed contracts improved in…

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Housing Forecast 2nd Half of 2016

Mortgage rates could reach all-time lows. Fitch Ratings expects U.S. mortgage rates to reach all-time lows following the United Kingdom’s vote to leave the European Union. New construction remains slow. In May, groundbreakings stood at an annual rate of 1.138 million, below the 1.5 million needed to get supply back in line with demand. Mst…

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