The divide between the prices of homes Americans want to buy and the inventory of such homes is growing, suggesting first-time home buyers and high-end sellers might have a difficult year ahead of them. The result is likely to be swiftly rising prices at the low end and challenges for first-time buyers, and sluggish price increases and lingering … [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...]
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...]
April Home Sales Surge, Foreclosures Drop
This just in: after disappointing March data, new home sales surged in April. The Census Bureau and the Department of Housing and Urban Development reported this week that sales were at a seasonally adjusted annual rate of 619,000. This is an increase of 16.6% from the previous month and 23.8% higher than in April of 2015. West coast sales in … [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...]
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...]
San Diego Interest Rates
On Thursday the National Association of Realtors said the share of first-time buyers is at the second lowest level in over 30 years. The 2015 Profile of Home Buyers and Sellers reveals a home buying market driven by repeat buyers within two income households. Historically, first-time buyers constitute nearly 40 percent share of primary home … [Read more...]
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