Millennials are the first generation to come of age in the post-recession housing market in a relatively positive light. Yet the No. 1 barrier to entry for young, would-be homebuyers? Credit. "The mortgage industry is poised to experience a monumental shift as more millennial homebuyers begin to enter the market," said Joe Tyrrell, executive vice … [Read more...]
Lunch N Learn Radio Interview
Eran Sinai: Happy Wednesday everyone! Eran Sinai here; Consumer Guardian Law, Lunch N Learn Radio. You can listen to us. You should be listening to us, especially today. ESPN 1700 a.m. or watch us live, and you do wanna watch us today. I’m telling you, lunchNlearnradio.com. I have here two great people, good old friend, I mean she is … [Read more...]
Pending Home Sales on the Rise
This just in: pending home sales rose in February, according to the Pending Home Sales Index (PHSI), a forward-looking indicator of housing market activity based on contract signings. Pending home sales rose 3.5% to 109.1 in February from a downwardly revised 105.4 in January, and is now 0.7% above February 2015 (108.3). Although the index has now … [Read more...]
Consumer Preference: Single-Family Suburban Homes
Recent survey findings call to attention the glaring need for more supply of single-family homes. Eighty-five percent of current homeowners and 75 percent of renters said they would purchase a single-family home, while only 15 percent of homeowners and 21 percent of renters said that would buy in an urban area. Location matters “The American Dream … [Read more...]
Millennials and the Housing Market
A lot has been said about the millennial generation and the housing market. CoreLogic recently finished a two-part series in which they looked into younger buyers and first time homebuyers and their habits. In addition, the National Association of Realtors recently published their results for Home Buyer and Seller Generational Trends survey. Their … [Read more...]
The Drop of Housing
We are well into February and starting to see a seasonal housing drop. We’re experiencing the lowest levels in three months, shedding light on the limit of gains possible within residential real estate in early 2016. Housing saw a drop of 3.8% (1.1 million), down from 1.14 million the month prior. Like most things in real estate, there are many … [Read more...]
The True Cost of Renting a House
Renting is becoming increasingly more expensive in San Diego According to a report recently released by Zillow, rents in April of 2015 were 4% higher than the year before. It’s the fastest increase we’ve seen in 24 months, overrunning home prices which only rose by 3%. The affordability of rent is becoming increasingly more expensive. As of right … [Read more...]
How To Win a Home Bidding War
Have a Game Plan When you find a home you want to make your own, it’s best to have a game plan for making the offer. While price is a huge factor for the seller, there are many other elements which may impact their decision to accept your bid. However, if you find yourself getting caught up in a bidding war, there are a few ways to tip the scales … [Read more...]
2015 Mortgage Rates Start At A 20-Month Low
2015 Mortgage Rates Start At A 20-Month Low The year 2015 has kicked off with some great news for people looking to get mortgage to buy a new home. Mortgage rates have further depreciated, making it their 20-month lowest since 2013 in May. With the average thirty-year fixed rate mortgage hovering at 3.73 percent, now is the best time to get your … [Read more...]
Top Reasons You Should Buy A House Right Now
Top Reasons You Should Buy A House Right Now The housing market is definitely recovering, offering more favorable conditions for wannabe homeowners than ever during the past few years. This improvement comes as a result of a recovering economy – as employment is rising, buying power is getting stronger as well, so now can be the best time to start … [Read more...]
