– 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 Francisco Bay Area, Inland Empire, and Los Angeles metro area all registered year-to-year sales increases of 6.5 percent, 8.2 percent, and 4.4 percent, respectively.
California’s housing market defied gravity as existing home sales and median home price registered increases on both a monthly and an annual basis in August, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California remained above the 400,000 benchmark for the 17th consecutive month and totaled a seasonally adjusted annualized rate of 427,630 units in August, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide.
Considering selling or buying a home? Call us today @ 714-963-7462. What sets us apart- is not what we do, but how we do it. Our culture’s values encourage us to think differently, share ideas and create effective solutions that help our clients to accelerate their real estate success
El Dia de Acción de gracias no es algo que que se celebra una vez al año…es una actitud que llevamos a lo largo del año. Sin embargo, No hay mejor momento ahora para expresar lo agradecida que estoy por su confianza, apoyo y amistad, clientes como tú hacen que mi trabajo sea verdaderamente una bendición que la vida me regala dia a dia. Espero continuar ayudandote a ti y tu familia en los años venideros. Deseandoles que sus Casas se llenen de la alegría de sus amigos, el amor de sus familia y el jubilo de esta temporada.
Feliz Día de Accion de Gracias de parte de Sandy Flores y Familia desde el fondo de nuestros corazones.
Did you know that consumers are currently spending an average of twice as much of their monthly income on rents as they are on mortgage payments?
Money talks! This is WHY NOW is a good time to buy a home, not only good! It is the best time to buy a house.
Sandy Flores Broker/Realtor (714) 963-7462
There is not doubt rents will likely keep rising at their current pace, and it is a fact high rents make it difficult to save for a down payment. Well, I have GOOD NEWS for you! There are down payment assistance programs that can help you buy your first home! Let’s GO!
Yes! There are programs to assist First Time Buyers to purchase a home. These programs are available to homebuyers that have not owned/held interest in a principal residence in the past three years.
These Programs provide First time buyers a differed 30 years second mortgage loan that vary from $40,000. and up to $125,000. depending on what city you’re applying and availability of funds. Funds are available until used up…First come First served!
For these homeownership programs, applicants must complete a pre-purchase homebuyer counseling program.
All applicants must be pre-qualified with the pre-qualification lender assigned to the property if they are interested in purchasing. However their first mortgage can be from any lender as long as the loan meets program requirements.
This First Time Homebuyer Program is being funded by the U.S. Department of Housing & Urban Development HOME Program. GREAT time and BEST opportunity!
Pending home sales rose less than expected in May but are still at the highest level since 2006. The National Association of Realtors’ index of pending home sales rose less than expected, by 0.9% to a seasonally-adjusted 112.6. Analysts had expected a 1-1.2% increase.
“The steady pace of solid job creation seen now for over a year has given the housing market a boost this spring,” NAR chief economist Lawrence Yun said.
Last week, the association saw a sharp pickup in existing home sales following a decline in April. Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, which is up 2.2% from April.
Congratulations recent Grads! Earning your diploma is the beginning of an important milestone. It is also Next up in your journey Homeownership!
First, you need to establish a good credit.
Why? Because a good credit history is an important factor in reaching additional goals in your life like buying a house.
According to Zillow , here are 5 things you need to know in establishing a good credit history.
1. Find out where you stand
2. Build a credit history
3. Research credit card options
4. Use credit responsibly
5. Chip away at student loans Wishing you only the Best Grads! Thumbs UP!
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.2% to a seasonally adjusted annual rate of 4.88 million in February from 4.82 million in January. Sales are 4.7% higher than a year ago and above year-over-year totals for the fifth consecutive month.
While the average improvement of 0.10% might not look like much at face value, it’s the biggest one-day drop we’ve had in 2015, and in a league with very few other players historically.
With today’s improvement, the most prevalently-quoted conventional 30yr fixed loan for top tier borrowers falls back to 3.75%. Some lenders will remain at 3.875% today, but many feel that those lenders held back from passing on the full effect of the market movement not an uncommon occurrence after a volatile swing like today’s.