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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Vives en California? Tu Casa y FEMA.

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, parques naturales que cuentan con las secuoyas más grandes del mundo y zonas desérticas.

No obstante, dado lo impredecible de la naturaleza, es importante tomar medidas para reducir riesgos, proteger tu hogar y mantener a tu familia segura.  Identificar los riesgos más comunes en tu área es lo más importante, para que puedas enfocar tus planes de preparación y las prioridades.  Así como también, un buen momento para revisar tus pólizas de seguro y confirmar la cobertura contra diversos eventos que pudieran ocurrir.

Recuerda que desastres naturales y otros eventos de tiempo severo como inundaciones, granizo, tormentas de invierno, terremoto pueden ocurrir en cualquier lugar por lo que es esencial estar preparados.

Algunas de las medidas básicas que considerar como,

  • Agua:  un galón (3,8 litros) de agua por persona por día durante, al menos, tres días para consumo e higiene.
  • Alimentos: un suministro de alimentos no perecederos para, al menos, tres días.
  • Una radio a pilas o a cuerda, y una radio meteorológica de la Oficina Nacional de Administración Oceánica y Atmosférica (NOAA, por sus siglas en inglés) y pilas de repuesto para ambas.
  • Linterna y pilas de repuesto.
  • Botiquín de primeros auxilios
  • Silbato para pedir ayuda
  • Mascara para polvo para ayudar a filtrar el aire contaminado y una lona plástica y cinta adhesiva para armar un refugio en el lugar.
  • Llave o tenazas para cortar los servicios públicos
  • Abrelatas manual para los alimentos
  • Mapas del lugar.
  • Teléfono celular y cargador, inversores de corriente o cargadores solares.

Para más información visita la dirección de internet:    https://www.ready.gov/es/mantengase-informado

Se estima que la destrucción causada por el huracán Harvey y huracán Irma está costando hasta la fecha entre $ 150 y $ 200 billones, según los reportes.

La Agencia Federal para la Gestión de Emergencias o FEMA es la agencia del Gobierno de los Estados Unidos que da respuesta a huracanes, terremotos, inundaciones y otros desastres naturales.

Según una encuesta realizada por FEMA en 2015,  el 60 por ciento de los estadounidenses no están preparados para estos desastres naturales de cualquier tipo. Y sólo el 39 por ciento tienen un plan de emergencia a pesar de que el 80 por ciento viven en condados que son vulnerables a condiciones climáticas extremas.

FEMA también maneja el Programa Nacional de Seguro contra Inundación que provee a propietarios de vivienda, inquilinos, y dueños de negocios una manera como protegerse financieramente de pérdidas causadas por catástrofes.

Plan de emergencia básico que ofrece FEMA:

  • Mantener un lazo de comunicación con el exterior es importante. Tenga un radio portátil con pilas y con pilas extras a la mano y asegúrate que tu familia sepa donde se guarda el radio.
  • Coloca los números de emergencia (ambulancia, policía, y bomberos) al lado del teléfono. Enséñele a los niños cómo llamar al 911 para obtener ayuda.
  • Enseña aquellos a miembros de familia que sean responsable como apagar los servicios básicos del hogar.
  • Identifica los puntos de encuentro fuera del vecindario para que tu familia pueda reunirse, y asegúrate que todos conozcan esos lugares.
  • Desarrolla un plan de comunicación ante emergencias. Selecciona un amigo o familiar en otro estado o ciudad para que sea el punto de contacto de toda la familia y asegúrate que tu familia tenga el número de esa persona.
  • Planifica y conoce bien las rutas de desalojo en caso de que tengas que abandonar tu vecindario.
  • Incluye también a tus mascotas en su plan por desastre.
  • Invierte en un radio económico de la Administración Nacional Oceánica y Atmosférica, que trasmite los pronósticos del tiempo. Sintonice esta radio en la frecuencia específica para el área en que vives.

Para más información visita:  https://www.fema.gov/es

¿Pensando en Comprar o Vender tu Casa?  Elige a quien verdaderamente conoce el mercado inmobiliario. Soy tu agente de confianza en bienes raíces, y se que trabajando juntos podemos alcanzar más metas.   Sandy Flores, Broker/Realtor 714-963-7462.

House inventory: supply low – demand high

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 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!

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.

Happy Thanksgiving!

thanksgiving

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!

Home Ownership: Up or Down?

united-states-home-ownership-rate

Home Ownership Rate in the United States increased to 63.50 percent in the third quarter of 2016 from  62.90 percent in the second quarter of 2016 which it was the same as in 1965, when the US Census started tracking the metric.  Home Ownership Rate refers to the percentage of homes that are occupied by the owner.

What factors drive Home Ownership rate?

There are several factors that will drive Home Ownership Rate, here are just some of those:

• Income growth

• Higher rents and housing costs

• Constrained credit

• Loss of confidence in wealth through Home Ownership

Nevertheless, owning a home is a financially savvy move because builds wealth over time,  and in general makes “cents”, and indeed there is no place like Home.

 

 

 

 

 

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.

Coming Soon in Bellflower!

 

GetMediacedar4  Cedar

Located just 2 streets from Lakewood and less than a mile from Cerritos,  fantastic location. Direct access into 2 car garage and go to your home through the freshly remodeled kitchen boasting granite counters and built-in stainless steel appliances.

The dining & living areas have beautiful laminate flooring, new paint, lighting and smooth ceilings. The top floor offers 2  new carpeted master suites with walk-in closets and 2 remodeled full bathrooms. Enjoy central A/C & heat, large view balcony, vaulted ceiling, extra storage

GetMediacedar2GetMediaCedar1GetMediaCedar

¡Un complejo muy bien cuidado en la ciudad de Bellflower!   Localizado a  2 calles de Lakewood y menos de una milla de Cerritos aproximadamente. Una ubicación  fantástica.  Acceso directo al garaje para dos carros. Cocina remodelada.   Bonito piso laminado en el área del comedor, cocina y  livingroom.  2 Recamaras muy amplias con closet extra grande con carpeta nueva en el segundo nivel con el baño remodelad o. Balcón grande, aire acondicionado, pintura nueva, y espacio extra para almacenar.

 

 

 

Keeping UP with 2016 mortgage market

A survey of 200 mortgage lending professionals showed that nearly two in three  mortgage lending professionals expect mortgage purchase production to increase, according to Lenders One Mortgage Barometer.

The overall anticipated increase for 2016 is set at 11%. In addition, 87% of mortgage professionals believe the mortgage purchase market will be somewhat to extremely active.

The survey was conducted online to a random 200 mortgage lenders, and independent research was also conducted by Market Intel Group in January, where it showed that 79% of millennials, are now reaching the peak age for home buying

Lenders One is a national alliance of independent mortgage bankers, correspondent lenders.

How Do we improve the air quality in our Homes?

 Usually the most effective way to improve indoor air quality is to eliminate individual sources of air pollution or to reduce their emissions. Some sources, like those that contain asbestos, can be sealed or enclosed; others, like gas stoves, can be adjusted to decrease the amount of emissions. In many cases, source control for air quality is also a more cost-efficient approach to protecting indoor air quality than increasing ventilation because increasing ventilation can increase energy costs.

Most home heating and cooling systems, including forced air heating systems, do not mechanically bring fresh air into the house. Opening windows and doors, operating window or attic fans, when the weather permits, or running a window air conditioner with the vent control open increases the outdoor ventilation rate and serves as a simple form of air cleaners. Local bathroom or kitchen fans that exhaust outdoors remove contaminants directly from the room where the fan is located and increase the outdoor air ventilation rate.

It is particularly important to take as many of these steps as possible while you are involved in short-term activities that can generate high levels of pollutants–for example, painting, paint stripping, heating with kerosene heaters, cooking, or engaging in maintenance and hobby activities such as welding, soldering, sanding, model making and gluing.

However, remember that for most indoor air quality problems in the home, source control is the most effective solution.