While recent data from the U.S. Census Bureau shows that household incomes rose strongly last year, home prices are still outpacing incomes in many metro areas because of the persistent shortage of new and existing homes for sale. Without more supply, the U.S. homeownership rate will remain near 50-year lows. As outdoor temperatures slide into … [Read more...]
Home Flipping in California
Nearly 40,000 people flipped their properties in the second quarter this year – the most since the second quarter of 2007, according to a recent report from ATTOM Data Solutions. The company analyzed public sales deeds of more than 950 counties, representing 80% of the U.S. population, on homes that were bought and then sold within a 12-month … [Read more...]
Real Estate Firms Remain Optimistic
Good news: the vast majority of real estate firms have an optimistic outlook for the future of the industry’s profitability and growth, according to the National Association of Realtors® (NAR) 2016 Profile of Real Estate Firms. Profitability expectations have declined from the 2015 survey, mainly due to inventory shortages and home-price growth, … [Read more...]
Zombie Foreclosures Do Not Pose a Threat in California
Here's a spooky bit of data: vacant homes in the foreclosure process are expected to drop 9 percent in the third quarter from a year ago, but vacant bank-owned properties are expected to jump 67 percent during the period, according to ATTOM Data Solutions. This Halloween season, zombies nationwide are creeping into the least desirable areas for … [Read more...]
The Importance of International Real Estate Activity
International real estate activity remains positive as foreign buyers continue to view the U.S. as a desirable place to own property. According to the National Association of REALTORS®' 2016 Profile of International Activity, U.S. residential real estate sales to international clients accounted for $102 billion between April 2015 and March … [Read more...]
Loan Originations at a High, More Homes For Sale Soon
Real estate predictions for the coming years are generally positive. With strong home sales, near-historic low interest rates, a refi boom, and steady home price appreciation, Freddie Mac's economic team projects that mortgage loan originations will scale nearly $2 trillion for 2016. The projections from the current edition of the company's … [Read more...]
Spring Buying Season & The Millennial Shift
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...]
San Diego Home Lender Testimonials
Stephanie Nisan - Realtor Maureen and I were actually introduced through a mutual friend over our love of dog rescue. I run a non-profit call The Animal Pad and an all breed animal dog rescue and Maureen became our volunteer director. Professionally, I am not a big fan of lenders and I decided, okay, I’ll give Maureen a shot and took one … [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...]
