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.

 

 

Advertisements

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.

 

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.

¡Un Triunfo para los futuros Dueños de Casas!

Las voces de los REALTORS® nuevamente fueron escuchadas en el Capitolio, y obtuvimos un gran triunfo a favor de los futuros Dueños de Casas. Aproximadamente  139.000 REALTORS®, a través de la nación lucharon perseverantemente para ampliar los requisitos de elegibilidad para condominios con el acto de la modernización de 2016, o de H.R. 3700. El senado la aprobó unánimemente, y fue firmado en ley por el

La Casa Propia mas cerca que nunca!

presidente Obama el 29 de julio de 2016.

Esta legislación:

Soluciona un gran número de conflictos con respecto a las reglas de eligibilidad de  condominios de FHA:

  1. Reduce el porcentaje de de unidades relacionadas con las unidades que se consideran residencia principal hasta el 35%, a menos que FHA tome acción  alternativa en un plazo de 90 días.
  1. Ordena FHA para reestructurar el proceso de RE-Certificación de Condominios
  1. Proporciona más flexibilidad para los complejos de diferente usos.
  1. Refleja las reglas de la   agencia federal de las finanzas (FHFA) con respecto a  los honorarios privados de la transferencia para el préstamos de condominios  de   FHA.
  1. Proporciona la autoridad permanente para el endorso directo para que los prestamistas aprobados aprueben préstamos rurales

Esta victoria fue posible por los esfuerzos colectivos de la ASOCIACIÓN NACIONAL DE REALTORS®, y nuestros socios de los diferentes estados y asociaciones locales.  Cuando REALTORS® hablan en una sola voz unificada, el congreso escucha

Big Win for Future Homebuyers!

front entranceOnce again the voices of the REALTORS® were heard loud and clear on Capitol Hill, and we scored a big win for future homeowners! Thanks to the more than 139,000 REALTORS®, or 15% of our members, across the nation, the Housing Opportunity through Modernization Act of 2016, or H.R. 3700, passed the U.S. Senate by unanimous consent, and was signed into law by President Obama on July 29, 2016.  This legislation:

  • Solves a number of concerns regarding FHA’s condo rules:
    • Reduces the FHA condo owner occupancy ratio to 35%, unless FHA takes alternative action within 90 days.
    • Directs FHA to streamline the condo re-certification process.
    • Provides more flexibility for mixed use buildings.
    • Mirrors the Federal Housing Finance Agency’s (FHFA) rules regarding private transfer fees for FHA condo lending.
  • Provides permanent authority for direct endorsement for approved lenders to approve Rural Housing Service (RHS) loans.
  • Makes reforms to federally assisted housing programs to streamline the programs.

On behalf of the NAR Leadership Team, we would like to thank you and your colleagues for this amazing grassroots effort and for all your support for this national Call for Action.  Our state and local association partners did a great job in leading the efforts to get the U.S. Senate to act on this critical legislation.   This victory was made possible by the collective efforts of the NATIONAL ASSOCIATION OF REALTORS®, and our state and local association partners. When REALTORS® speak in a single unified voice, Congress listens.

Are we there yet?

Price-Income_Featured-f084f5One of the leading on-line real estate destinations, Homes.com®, has released its latest Local Market Index, a price performance summary of repeat sales in the top 100 markets, and the companion Midsize Markets Report for the next 200 largest markets. Among the nation’s top 300 markets, 166 or 55 percent have now achieved full price recovery 24 more than the 142 markets reported in June.

By July, 50 of the nation’s 100 largest markets experienced a complete price recovery, one more than the prior month. Additionally, 116 out of 200 midsize markets saw a complete price recovery, 23 more than reported in June.

July saw 16 of the top 100 markets post a decline in their 3-month averages. The long-term view remains robust though, with all 100 markets continuing to post year-over-year gains.

 

Waiting for the right home? Don’t Wait Forever!

  • Happy House HuntingEveryone has a dream home, however there’s always something that we do not quite like in each house that we view. The key to finding the right home is setting realistic expectations.  Make a list of your dream features and amenities before you start house hunting, at the same be willing to let some of those features go once you start looking at properties. It helps to score each feature on a scale of 1 to 10 to really see what each home has to offer.Once you’re house hunting, it can be nearly impossible to decide when you’ve looked at enough houses. Keep in mind that if you view a lot of homes it may result on the chances of getting confused as to what actually you are looking for. It will be a good idea to make a list of each property’s strengths and weakness, like’s and don’ts, and then get ready to compromise.

    Set realistic expectations and look at more than a few houses, it’s time to start making some tough decisions. Just make sure you’re not compromising on something you’ll regret later.

    If you’re in a sellers’ market, homes can go quickly and you might just be missing the window of opportunity.

    Happy House Hunting!

     

     

GREAT! You found the right HOUSE.

cropped-living-room-interiors-decorations1.jpg

Buying your FIRST HOME it is a very emotional process for most of homebuyers. However, don’t allow your emotions to get the best of you! You may fall into a number of common and high costly home buyer’s mistakes.

It’s important to keep your emotions in check to make the best possible decision. Once you’ve fallen in love with a particular home, it maybe hard to go back. Avoid the temptation to get in over your head financially, or the disappointment of feeling like you’re settling for less than you deserve. Start your search at the low-end of your price range, and see what home will satisfy your priorities.

Even when you have a long list of must-haves, there are probably several homes out there that can meet your needs.   Be open-minded, so you don’t run away from good deals. However, don’t buy a fixer-upper that’s more than you can handle in terms of time, money or ability, and definitely out of your budget. If you have been looking for a while, and still not seeing anything you like, don’t get desperate by overbidding excessively to get into your new house.

In a HOT REAL ESTATE MARKET it may be necessary to pull the trigger very quickly if you find a home you REALLY like. However, you have to balance the need to make a quick decision in this kind of market, make sure the home will be right for you, without neglecting important steps like making sure the neighborhood is appealing to you, and it feels safe at night and during the day, investigating also possible noise issues like a nearby train, airports, among others. Taking the time to consider your decision will also give you a chance to research how much the property is really worth and offer a reasonably price for it!

HAPPY HOUSE HUNTING!

Sandy Flores   Broker/Realtor (714)963-7462

Sandy Flores Broker/Realtor
(714)963-7462

facebook-logo-transparent1 

 

Pending Existing Home Sales dropped Unexpectedly

sold-sale-sign-over-clouds-grass-house-14063253The index of pending home sales fell 1.8 percent, the first drop this year, after a revised 0.6 percent increase in May, according to the National Association of Realtors figures shown last Wednesday in Washington.

The Commerce Department figures showed last week that Purchases of new U.S. homes fell also 6.8 percent to a 482,000 annualized pace in June, the weakest since November.

Sandy Flores Broker/Realtor (714)963-7462

facebook-logo-transparent1