Category Archives: Buyers

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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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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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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Summer Mortgage and Sales Update

Rates have inched back down this week. Janet Yellen, the Chairman of the Federal Reserve Board, in a speech on Monday, hinted that the economy is improving but the timing is unclear for a rate hike, playing down the possibility that the next increase will be this month. These remarks along with the disappointing May…

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Interest Rates Still Low

You have 3 options while the interest rates remain below 4%, depending on whether you are considering a purchase, a move, or just staying put. 1. Now is still the time to purchase before another buying season erupts, with increasing prices and added competition heating the market. Rates remain low, and inventory, though still scarce,…

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6 Things to Know About the 2016 Market

Whether you’re looking to buy a home this year or already own one, there are important factors that will affect your investment. Here are the six important things you need to know about the housing market in 2016. 1. Mortgage Rates Are Staying Low (For Now!) The Fed’s December 2015 interest rate hike had many…

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U.S. Values and Rents Continue Rise

Home values and rental prices are steadily rising, fueled by strong demand and a tight supply of available properties, a pair of reports recently showed. The solid demand drove sales growth early this year and spurred additional construction. The Standard & Poor’s/Case-Shiller 20-city home price index climbed 5.1 percent in the 12 months that ended…

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