California housing market defies tight inventory as sales and median price propel higher

By Sandy Flores, - Existing, single-family home sales totaled 427,630 in August on a seasonally adjusted annualized rate, up 1.5 percent from July and 1.3 percent from August 2016. - August’s statewide median home price was $565,330, up 2.9 percent from July and 7.2 percent from August 2016.  - At the regional level, the San …

Amor por México!

Peruana de nacimiento, mexicana de corazón es muy doloroso  pensar en los momentos tan terribles por los que están pasando nuestros hermanos de México.  Sé que no hay palabras que puedan aliviar el dolor y el sufrimiento que están viviendo hoy y poder aliviar toda la angustia que los aflige.  Pero si podemos dejarles saber …

Vives en California? Tu Casa y FEMA.

By Sandy Flores California es el estado más poblado de los Estados Unidos, ya que cuenta aproximadamente con más de 39 millones de habitantes   y es el tercer estado más grande en extensión territorial (después de Alaska y Texas).  La geografía de California se caracteriza por tener costas espectaculares, acantilados y playas impresionantes. También posee zonas montañosas, …

When your furnace goes out…

By Sandy Flores You’ll be left in the cold—but not if you know how to change its thermocouple. This is the part of the furnace that shuts off the gas if your pilot light goes out, preventing that gas from seeping into your home. (You know, the gas that can kill you if left to run …

When was the last time your home’ filters were replaced?

Lots of appliances in your home have filters. In fact, any device that conducts air or water should have some sort of filter in place to remove impurities and particulates. Changing these filters routinely can save you money, and keep you safe, which is why it’s helpful to know when they’re due to be replaced. …

House inventory: supply low – demand high

By, Sandy Flores Broker Low inventory numbers have entry-level buyers scrambling as empty nesters are reluctant to sell. Home inventory in the U.S. has dropped to its lowest levels since 1999 according to Trulia.com, a San Francisco-based real estate research site.  Even though the U.S. has seen more than three years of a booming seller’s …

7 Reasons why you need a realtor when buying or selling a home

By, Sandy Flores Broker, If you think hiring an agent when trying out a home sale or purchase is old news. it’s not, 88% of home buyers still purchase homes via real estate agents. True, the existence of home buying and selling websites, 1% commission sales and home buying and selling apps has made it …

5 Beginner tips for first timers buying a home in los angeles

  By Sandy Flores Broker 5 BEGINNER TIPS FOR FIRST TIMERS BUYING A HOME IN LOS ANGELES, CA In the past three years, prices of homes in Los Angeles have soared by 30 percent. In many areas, you’ll find a seller’s market. Only a three months’ supply of home available with 5,538 properties (single family …

Fed’s hike of 0.25 point in short term rates

For the first time in a year and only the second time in a decade, the Federal Open Market Committee (FOMC), the policy making arm of the Federal Reserve, voted on Wednesday in its eighth and final meeting of the year to raise the federal funds target rate by 25 basis points up to the 0.50 to 0.75 percent …

Want to Sell your House?

Not sure where to start? I am here to help you every step of the way! Together your home will sell as you planned. I will go above and beyond to exceed your real estate expectations.

Enfrentando una http://wp.me/p4kULT-C5

              Aproximadamente 456,000 Casas  en los Estados Unidos  se encontraban enfrentando una proceso de Ejecución Hipotecaria durante el mes de enero del 2016  , comparado a 583,000 casas reportadas en Enero del 2015. Este el 51 mes consecutivo que estos procesos van declinando.. En el reporte analítico presentada por …

Real Estate Market Trends

We are now seeing a changing trend in the Real Estate Market.  Rising rental prices are encouraging the millennial's generation  to experience a nudge toward homeownership, and reports showed that First-time buyers are now at the front line of buying a home.  The Zillow Housing Confidence Index also said that about 5.2 million renters are expected …

Why Hire a Realtor?

There is so much information readily available online, and the big question is...Why should we hire a REALTOR® ? A REALTOR® is a Client Advocate. Only members of the National Association  of Realtors can call themselves REALTORS®    REALTORS® are Real Estate Specialists. REALTORS® Lower Your Risk. When you have a Realtor as an advocate, you share some of the …

Welcome HOME APP!

A new HOME mobile app that educates future homeowners about the steps and responsibilities of buying and owning a home was launched by Fannie Mae, to provide educational resources to reduce barriers to homeownership. The app offers useful tools to help homebuyers to: Figure out what they can afford, Understand their mortgage payments, Save for …

Tienes un Prestamo HELOC?

https://youtu.be/xnjfoSZgHM8 Informate de la expiracion de este tipo de prestamo si lo tienes. Muchos de estos HELOCS estan iniciando a reactivarse y van con intereses muy altos y variables. Tu tienes la opcion de aplicar para una modificacion bajo el Making Home Affordable en segundas hipotecas o refinanciar tu propiedad combinando los dos prestamos en …

Ready, Set, GO!

Don’t obsess with trying to time the market and figure out when is the best time to buy.   Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and you can afford it.  Real estate is cyclical, it goes up and it goes down and …

56 Percent of 3.3 Million HELOCs Scheduled to Reset With Higher Payments

A total of 3,262,036 HELOCs with an estimated total balance of $158 billion that originated during the housing price bubble between 2005 and 2008 are still open and scheduled to reset between 2015 and 2018. Realty Trac the nation's leading source for comprehensive housing data, today released its first-ever U.S. HELOC Resetting Report, which found …

ARE YOU READY TO OWN A HOME?

Home ownership means you no longer pay monthly rent for the roof over your head. When you leave, you can sell it to recoup the purchase price and earn any profit that you may have accumulated through your appreciation in value. But don't kid yourself. Home ownership comes with a slew of disadvantages, responsibilities, and downright …

Is a Bigger house always better?

Everyone’s drawn to the biggest, most beautiful house on the block. But bigger is usually not better when it comes to houses. There’s an old adage in real estate that says don’t buy the biggest, best house on the block. The largest house only appeals to a very small audience and you never want to …

$4.5 Billion on Delinquent Debt ready to Hit the Market

Three of the nation's largest mortgage lenders have put sizable packages of nonperforming and reperforming mortgage loans on the  market for investors to buy, according to New York Mission Capital Advisors. Bank of America has put up approximately $2.56 billion worth of delinquent debt for sale, including nonperforming loans, reperforming mortgages (those in which the borrower was 90 days or …

Two new regulations affecting Homeowners will increase energy efficiency standards.

Every year, much of the energy the U.S. consumes is wasted through transmission, heat loss and inefficient technology costing American families and businesses money, and leading to increased carbon pollution.   Energy efficiency is one of the easiest and most cost-effective ways to combat climate change, clean the air we breathe, improve the competitiveness of our …

Mortgage Debt Forgiveness Act on the GO Now!

The Senate approved the long time waiting extension of the Mortgage Debt Forgiveness Act , bringing home owners who did a short sale this year one step closer to tax relief. The bill, which passed the House of Representatives two weeks ago, is expected to be signed by President Barack Obama. The Senate approved the …

Get ready, set, And Go! My Community Mortgage Program is Back.

It is official!   Both government-sponsored enterprises Fannie Mae and Freddie Mac announced their individual 97% loan-to-value products, in the government’s latest attempt to expand the credit eligibility for first-time homeowners. Back in October, the Federal Housing Finance Agency announced a number of policy steps aimed at increasing mortgage credit availability These new lending guidelines were …

Homeowners may be hit with a massive Tax Bills if extension is not granted by Congress.

Congress has left unrenewed The Mortgage Forgiveness Debt Relief Act of 2007 created to help distressed homeowners; that were faced with taxes after a Principal reduction. Under current federal tax law, when the homeowners accept reductions in what they owe, the amount forgiven by the bank gets reported to the IRS, and the owner is …

Home sales hit fastest rise in more than a year

Sales of existing-homes rose by 1.5% in October according to the National Association of Realtors (NAR). Last October previously-owned homes reached its highest annual pace of the year as buyers continue to be encouraged by interest rates at lows not seen for a long time. This numbers also represents the first yearly gain since October …

Write a Letter to Santa Claus!

Macy’s and Make-A-Wish® are celebrating the 7th year of the Believe campaign. Beginning in November, believers of all ages can bring their stamped letter to Macy’s addressed to Santa at The North Pole, and drop it into the special letterbox. New this year, you can also create and send a letter online at macys.com/believe. For each …

Foreclosure Beware!

We are experiencing one of the biggest foreclosure filling increases for the last four years. The number of foreclosure filings experienced a big jump from September to October alone. These filings include but not limited to notice of defaults, scheduled auctions, and bank repossession.  According to RealtyTrac this is the largest month-over-month jump since the peak …

How much down payment do you really need to buy a house?

Saving for a down payment is an important step in becoming financially prepared for homeownership, and there are options and opportunities for financing a home purchase that will allow the borrower to come with little or No Down Payment. For most first-time home buyers, coming up with funds for a down payment is the biggest obstacle to …

Secured Property Taxes Due on November 1st.

All property owners in California must pay taxes that are based on the value of their homes or commercial property. Property taxes are paid in two installments. The fiscal year’s first property tax bills are mailed out on October 1st; the first installment is due by November 1st, and is considered delinquent on December 10th. …

Opening Doors for Homebuyers!

The Federal Deposit Insurance Corporation is the first of six financial regulators to release the final version of the long-awaited qualified residential mortgage (QRM) rule. The National Association of Realtors applauds this action because it will make possible to incorporate rules that include a broad definition for Qualified Mortgage standards implemented earlier this year. Under …

Got Refi? Rates…better than ever

  Falling interest rates precipitated a major refinancing rally  according to the Mortgage Bankers Association's (MBA's) Refinance Index.  The MBA's Refinance Index is a weekly measurement put together by the Mortgage Bankers Association, and the National Real Estate Finance Industry Association. Strong job growth, coupled with  low mortgage rates, should reflect now the increase in home sales …

Homeownership at Best!

Federal Housing Finance Agency has been working towards a plan to open what many we see as underwriting standards that are too restrictive. Mortgage giants Fannie Mae and Freddie Mac, their regulator and lenders are close to an agreement that could greatly expand mortgage credit while helping lenders protect themselves from charges of making bad loans, according to people familiar …

Save on your Mortgage NOW!

Mortgage rates are historically low, and many owners have the opportunity to take advantage, but not all owners pay close attention to these numbers.   You have the opportunity to investigate the possibility of refinancing through HARP or stream line if your loan is FHA to take advantage of the historic rates.   You can analyze  what financial …

NOW is the time…Rates don’t wait!

If you have higher mortgage payments, now is the time to change it!  In recent years we have seen many changes in our national economy. We have seen cuts in interest rates given by the Federal Reserve cuts not seen for many years.  One situation that influenced home foreclosures for many homeowners were the high interest …

Home sales show encouraging stats

Existing home sales, excluding distressed sales, are the most encouraging stats at the moment. These, according to Trulia and the National Association of Realtors, were 80 percent back to normal in August. Trulia's Bubble Watch also showed that prices were 3.4 percent undervalued in the third quarter, which is a marked improvement over the 13.5 percent …

Mortgage Rates slightly higher

Mortgage rates are higher today, leaving September as one of only 3 months this year with noticeable upward movement. And today was an exception to that recent trend, but it's tempered by the fact that yesterday's gains were the best of the month. The only downside is that the most prevalently-quoted conforming 30yr fixed rate …

80,000 Foreclosures prevented!

The Federal Housing Finance Agency (FHFA) indicated in its report on foreclosure prevention  for Q2 2014 released on September 24, that Fannie Mae and Freddie Mac  prevented nearly 80,000 foreclosures nationwide in the second quarter, raising the total number of foreclosures prevented since the start of the conservatorship in September 2008 to 3.3 million. The measures taken …

80,000 Propiedades se salvan de una Ejecución Hipotecaria

La Agencia Federal de la Financiamiento de la Vivienda (FHFA) indicó en su informe del 24 de Septiembre que Fannie Mae y Freddie Mac impidieron que alrededor de 80.000 casas se fueran en una ejecución hipotecaria en todo el país durante el segundo trimestre del 2014, elevando la prevención del número total de ejecuciones hipotecarias desde Septiembre de …

FHFA outreaching more Homeowners

In an effort to sign more eligible homeowners up for the Home Affordable Refinance Program (HARP), the Federal Housing Finance Agency (FHFA)   is holding its third HARP outreach event in October, 2014. The goal is to get the word out about HARP to borrowers who are current but underwater, and help borrowers who are either delinquent …

FHFA extiende invitación a Propietarios de Viviendas

En un esfuerzo para llegar a más propietarios elegibles para el Programa de Refinanciación Asequible -HARP, la Agencia Federal de Financiamiento de la Vivienda (FHFA) patrocina su tercer evento de HARP en Octubre 2014. El objetivo es correr la voz acerca de HARP a los prestatarios que continúan actualmente con  sus balances  por debajo del valor de sus propiedades. …

New homes sales see biggest monthly jump!

Sales of new single family houses in August 2014 were at a seasonally adjusted annual rate of 504,000, up from July’s printing of 427,000, the fastest rate in six years and the biggest monthly jump since January 1992. The biggest gains and by far the reason for the big increase were new home sales in …

Venta de Casas nuevas dan gigantesco salto

La venta de casas nuevas en el mes de Agosto incrementó notablemente resultando en una tasa de 504,000, más que en Julio que fueron de 427,000, la tasa más rápida en 6 años y el salto más grande en ventas desde Enero de 1992. Las mayores ganancias y en gran medida la razón para el …

New Tax Plan Would Slam California Housing Market, Are you Ready?

California’s biggest housing markets figure to be among the losers if a Republican-sponsored tax overhaul becomes law, according to two analyses of local market data. Currently, a married couple can deduct interest on mortgages of up to $1,000,000; the GOP plan would cut that to $500,000. Similarly, deductions of state and local property tax would …