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

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 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

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Feliz Día de Accion de Gracias

 

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.

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Feliz Día de Accion de Gracias de parte de Sandy Flores y Familia desde el fondo de nuestros corazones.

Happy Thanksgiving!

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Thanksgiving is not something you feel once a year… it is an attitude you carry all year-long.

There is no better time than NOW to express how grateful I am for your confidence, support and friendship, It is clients like you who make my job be truly Thankful for each and every day that goes by. I look forward to continuing helping you, and your family in the years to come.

May your home be filled with the laughter of friends, the love of family, and the joys of the season.

        Happy Thanksgiving from the bottom of my heart!

La Compra de tu Casa Propia y las Tarjetas de Crédito

 Cuando estas listo para Comprar tu Primera Casa y  has sido precalificado por una entidad financiera, es importante saber que no es conveniente   efectuar cargos adicionales en sus tarjetas de crédito, en anticipación a la Compra de tu Casa tales como muebles o artículos eléctricos, o tal vez decoraciones.
Es esencial saber que estas compras van a reflejar  un impacto drástico en tu reporte de crédito  que pudieran repercutir negativamente  corriendo el  riesgo de que a último momento el banco no te otorgue el crédito hipotecario.
Cuando comienzas a incrementar los balances en tus tarjetas de crédito los prestamistas no se sienten seguros en otorgarte el préstamo.  Es conveniente que para evitar estos tipos de incidentes o complicaciones  esperes hasta que el proceso de la compra de tu casa haya cerrado completamente, sin dejar de analizar cautelosamente tu poder adquisitivo a la hora de incrementar sus obligaciones financieras.
Recuerda que lo que no sabes, puede perjudicarte.   Sandy Flores, siempre contigo, hasta la próxima!
Si tienes preguntas o deseas hacer un comentario escríbeme a sandyfloresbroker@gmail.com  o llámame al 714-963-7462.
 

Ventas de Casas incrementa a niveles altos por 4 años consecutivos

Un reporte con muy buenas noticias publicado por la Asociacion Nacional de Realtors® (NAR) este  jueves mostro un incremento  considerable en la venta de casas por los ultimos 4 años consecutivos siendo los Primeros Compradores  los participantes mas activos. La mejoria en el total de ventas se observo en las cuatro regiones del pais.  NAR atribuye gran parte de este resultado a la motivacion de los Primeros Compradores,  grupo que tenia preocupado a la industria de la vivienda por su relativa ausencia.

El total de ventas existentes durante el mes, incluyendo viviendas unifamiliares, townhomes, condominios y cooperativas, subieron 3.2 por ciento a una tasa anual ajustada estacionalmente de 5,47 millones. Los Primeros Compradores por primera vez representaron el 34 por ciento de las ventas, con la tasa más alta que hemos visto en más de cuatro años.

 

 

First-Time Home Buyers: Sales Up at 4-Year High

 

There is a lot of upbeat news in the September 2016 existing home sales report released by the National Association of Realtors® (NAR) on Thursday.

Sales rebounded sharply and the improvement was seen in all four regions.  More good news, NAR attributed part of that to increased participation from first-time home-buyers, a group that has worried the housing industry by its relative absence.

Total existing home sales during the month, including single-family homes, town homes, condos, and co-ops, rose 3.2 percent to a seasonally adjusted annual rate of 5.47 million.  First-time buyers accounted for 34 percent of sales, the highest portion in more than four years.

LA DEUDA ESTUDIANTIL Y EL MERCADO HIPOTECARIO EN LA GENERACION MILLENNIAL

La Deuda estudiantil está jugando el rol más importante en el proceso de compra de una casa, y no parece cambiar en un futuro cercano.   Nuevos datos de la más chart-copyreciente encuesta de vivienda  de NeighborWorks America, organización sin fines de lucro que se preocupa profundamente por la lucha de una vivienda asequible y desarrollo de las comunidades encontraron que casi un tercio (30%) de los estadounidenses conoce a alguien que ha retrasado la compra de una casa por una deuda estudiantil,  28% en 2015 y apenas un 24% en 2014.

En general la deuda estudiantil ha venido siendo la deuda más alta después de una hipoteca por la última década, y también continúa siéndolo hoy.

La Asociación Nacional de Realtors conocida por sus siglas NAR también publico recientemente un estudio con resultados similares a los de NeighborWorks America. Alrededor del 50% de los Millennials y cerca de dos tercios de Millennials  que no son propietarios de casa tienen una deuda estudiantil activa, y no se sienten cómodos de comprar una casa mientras tengan esa considerable deuda. Incluso, muchos de los entrevistados piensan aun que las probabilidades de calificar para un préstamo hipotecario son mínimas.

 

How student loan debt is impacting the housing market?

By, Sandy Flores Broker

Student loan debt is playing its biggest role in the mortgage process yet, and it doesn’t look like it’s changing anytime soon. chart-copy

New data from NeighborWorks America’s fourth annual housing survey found that nearly one-third (30%) of Americans know someone who has delayed the purchase of a home because of student loan debt, up from 28% in 2015 and just 24% in 2014.

The data also cited that more than half (53%) of potential home buyers with student loan debt said the debt was somewhat or very much an obstacle to buying a home, down slightly from 57% in 2015, but above the 49% rate in 2014.

As a whole, to help put this perspective, borrowers are carrying the highest level of non-mortgage debt in a decade.

The National Association of Realtors recently released a survey with similar findings as NeighborWorks America, nothing that about 50% of Millennials, and about two-thirds of Millennial non-homeowners who have student debt, are uncomfortable taking on a mortgage. What’s more, this group was less likely to believe they could even qualify for a mortgage.

 

Prices Up: 6.2 Percent on US Home Prices Index Report

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released today its CoreLogic Home Price Index (HPI) for August 2016 showing home prices up both year over year and month over month.

Home prices nationwide, including distressed sales, increased year over year by 6.2 percent in August 2016 compared with August 2015 and increased month over month by 1.1 percent in August 2016 compared with July 2016,* according to the CoreLogic HPI.

 “Home prices are now just 6 percent below the nominal peak reached in April 2006,” said Dr. Frank Nothaft, chief economist for CoreLogic.

A seller’s real-estate market?

Low inventory numbers have entry-level buyers scrambling as empty nesters are reluctant to sell. sold-sale-sign-over-clouds-grass-house-14063253

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 market for housing, there are plenty of Americans who are reluctant to sell their homes for a very simple reason: Where are they going to live?

The supply numbers are down 5.8% from a year ago and have declined year-over-year for the past 14 months. That compares to a more typical supply of 6 months in a healthy market, according to Trulia.Not only does the low housing inventory mean a bidding war for buyers, but sellers who may want to move to a smaller home and stay in the same market are quite often stuck because of the rise in prices for smaller homes that are being fought over by both first-time buyers and downsizing empty-nesters

“Although buying a home in a strong seller’s market can present lot of challenges, it is possible to secure a place you’ll love”  Sandy Flores Broker, Leading your way Home!