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Together your home will sell as you planned. I will go above and beyond to exceed your real estate expectations.

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Are we on our way?

Pending-Home-Sales-IncreaseThe National Association of Realtors (NAR) recently reported that pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. The steady gains in contract activity each month this year highlight the fact that buyer demand is strong

“Homeowners looking to sell this spring appear to be in the driver’s seat, as there are more buyers competing for a limited number of homes available for sale,” Lawrence Yun chief economist from NAR.

“The housing market can handle interest rates well above 4 percent as long as inventory improves to slow price growth and underwriting standards ease to normal levels so that qualified buyers—especially first-time buyers—are able to obtain a mortgage,” Yun adds.

Realtors expect for total existing-home sales in 2015 to be around 5.24 million, an increase of 6.1 percent from 2014. The national median existing-home price for all of this year is expected to increase around 6.7 percent. In 2014, existing-home sales declined 2.9 percent and prices rose 5.7 percent.

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New Homes Sales beyond expectations!

New Homes Sales beyond expectations!

Luxury Home Kitchen.New home sales beat most analyst expectations rising 6.8 percent. However, despite the increase, April sales did not erase the 11.4 percent drop in new home sales reported in March.

On a non-seasonally adjusted basis sales of new homes nationwide these were estimated at 49,000 units, were the South counted for more than half of those sales.

The average sales price was $341,500, up from $325,100 one year earlier.

Are we there yet?

What Homeownership means?

What Homeownership means?

 Homeownership 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. Homeownership comes with a slew of disadvantages, responsibilities, and downright headaches. So before going any further, consider whether your lifestyle and finances make home buying a smart move for you.

Except in a roaring real estate market, it usually doesn’t make sense to buy a home you’ll stay for less than three or four years, because the cost of the process of buying and selling your property means that you could lose money  from your equity.   On the other hand, you will not pay capital gain taxes if you’re in the property for at least of 2 years.

One key question is whether it costs more, on average, to rent or own in your area. The rule of thumb is that if you pay 33% in rent than you would for owning  including the monthly mortgage, property taxes, and any homeowner’s fees,  then it’s smarter to own a home then renting it.

As always, get your finances in order before committing to buy a home, and stay informed of all the options, alternatives and programs that will fit your needs.

Get help, and call a Realtor…Call me  714-963-7462.   Leading your way home!

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Is HUD delaying Foreclosures? Yes!

HUDThe U.S. Department of Housing and Urban Development (HUD) on Friday announced significant changes to its Distressed Asset Stabilization (DASP) program meant to offer more protections to borrowers facing foreclosure and increase non-profit participation in purchasing distressed loans. This enhancements for HUD’s Distressed Asset Program will provide borrowers more Protection.

Under the new rules, loan servicers are required to delay foreclosure on a home for a year and evaluate all borrowers facing foreclosure for participation in the government’s Home Affordable Modification Program (HAMP) or a similar loss mitigation program. Loan servicers could previously foreclose on a home six months after they received the loan and were not required to evaluate borrowers for loss mitigation programs, though they were encouraged to do so.

Is Consumer Confidence on the rise?

Is Consumer Confidence on the rise?

bigstock-Dollar-Raising-Charts-34022480U.S. Consumer Confidence  rebounded strongly in March within optimism over the labor market while house prices increased in January.

Rising confidence and home prices adds to the belief that the first-quarter slowdown will be temporary.

While consumers were less optimistic about the short-term outlook, they had greater confidence in the labor market, with the share of those anticipating more jobs in the months ahead increasing significantly. The proportion of consumers expecting income growth also rose solidly, which should help to strengthen  Consumer spending.

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http://www.sandyflores.com

Existing home sales slightly rebound

Existing home sales slightly rebound

Why this is a great time to sell your home?

 This is a great time to sell your home!

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.

1.2 Million Borrowers Nationwide Regained Equity in 2014

1.2 Million Borrowers Nationwide Regained Equity in 2014

 

On today’s new analysis released by CoreLogic, leading global property information, analytics and data Price-Income_Featured-f084f5services provider, reported that 1.2 million borrowers regained equity in 2014. Nationwide, borrower equity increased year over year by $656 billion in Q4 2014. Borrowers with near negative equity are considered at risk of moving into negative equity if home prices fall. In contrast, if home prices rose by as little as 5 percent, an additional 1 million homeowners now in negative equity would regain equity. The calculations are not based on sampling, but rather on the full data set to avoid potential adverse selection due to sampling, and only data for mortgages residential properties that have a current estimated value is included.

Visit me at http://www.sandyflores.com; More information call me (714)963-7462

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Es 2015 el Año de los Primeros Compradores?

Es 2015 el Año de los Primeros Compradores?

Una de las predicciones de la Asociación Nacional de Realtors es que en el 2015 las oportunidades imagesCAQEZEKYpara comprar casa serán mucho mejor, y se espera que los primeros compradores que estuvieron fuera por un tiempo a consecuencia de la crisis hipotecaria reaparezcan a materializar el sueño de la casa propia.

Los efectos financieros residuales de las pérdidas durante la recesión impidieron la entrada de la generación “Millennials” en el mercado hipotecario.  Ahora con el incremento laboral, aumentos de empleo y recuperación de la economía las oportunidades de comprar casa son mas atractivas que nunca.

Aun más, si el acceso al crédito continua ampliando y mejorando, vamos a estar viendo números substancialmente considerables de compradores jóvenes en el mercado.

La generación “Millennials” mostrara un crecimiento significativo en 2015, particularmente a medida que la economía continúa recuperándose.

Como siempre analiza tus finanzas   antes de comprometerte a la compra de tu casa, y mantente informado de los opciones y programas que más te benefician.  No te olvides de buscar ayuda professional.  Preguntas??? Llámame 714-963-7462.

 

Sandy Flores…Liderando el camino a tu Casa Propia!

$4.5 Billion on Delinquent Debt ready to Hit the Market

$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 realestatehousemoneymi600-resize-600x338 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 more behind but has resumed making payments), and home equity lines of credit (HELOCs), according to Mission Capital.

Citigroup has put up $1.8 billion worth of reperforming mortgages for sale, and JPMorgan Chase is looking for a buyer for $143 million worth of nonperforming mortgage loans, Mission Capital said. Last month, Freddie Mac announced that it intended to sell $410 million worth of delinquent mortgage loans. But there has been so much of a demand that the suppliers cannot keep up, Mission Capital said.