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 to purchase a house this year, up from 4.2 million a year ago. Where job growth is strong, the millennial who were once renting  are ready and willing to buy.

The United States has about 75 million millennials — people born from 1980 and 1995 — and expected this year to surpass the baby boom generation according to a report released by the Pew Research Center.  Buying a home can be terrifying, and even though this is a big step,  many of us have taken it and enjoyed the comfort and security that homeownership has provided for our loved ones and ourselves.

Sandy Flores Broker/Realtor (714)963-7462
Leading your way Home!



Approved! Credit Availability increased in April!

Approved! Credit Availability increased in April!

An increase in credit access was reported in April according to the Mortgage Bankers Association’s Credit Availability Index (MCAI).

The Index increased 0.5 percent month-over-month to 122.0 in April. The increase was driven by new offerings of FHA’s 203K homewr-df-refinance-7 improvement program, new VA offerings, and new jumbo products.

The MCAI and its four components are designed to show relative credit risk/availability based on information about borrower eligibility and underwriting criteria gathered for over 95 lenders and investors and combined with data from Ellie Mae’s All Regs Market Clarity product.