Tired of building your landlord’s equity instead of your own?

Tired of building your landlord’s equity instead of your own?

By, Sandy Flores Broker

 

Making that leap from renting to owning a home comes with many strings attached both financially and emotionally. And even though home ownership comes with great responsibility, you might be surprised how achievable it can be.

You can make the Dream of Owning your Home a reality, absolutely!  If you are paying monthly rent is very likely you would be able to afford a mortgage payment. The most important factor is to know how much you can qualify for and if the mortgage rates and term for your payments will actually fit your budget comfortably.

There are so many options and programs that will help you as a First Time Home Buyer, with low or no-down payment. Check it out!

For more information call me. I am here to guide you over.

 

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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

                                                                                                                                                                                                              .

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!

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.
 

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.

El Indice de Precios de Casas aumentó en un 6.2 por ciento

CoreLogic®, una compañía líder en información global y analítica en información de propiedades   y soluciones con base de datos, dió a conocer hoy su índice de precios para el mes de agosto 2016 mostrando un alza en los precios de la vivienda año tras de año y mes por mes.

Los precios de las casas a nivel nacional aumentó en un 6.2 por ciento en agosto de 2016 en comparación con agosto de 2015 y mes por mes en un 1.1 por ciento en agosto de 2016 en comparación con Julio de 2016, * según el HPI de CoreLogic.

Número de Ventas de Casas Pendientes en Agosto: Disminuye.

Después de recuperarse en el mes de Julio, las ventas pendientes se redujo en Agosto por tercera vez en cuatro meses a un nivel más bajo desde el mes de Enero, según la Asociación Nacional de Realtors® .millennial

El Indice de de Ventas de Casas Pendientes, es un indicador del número de contratos firmados para la compra de una casa, este disminuyó 2.4 por ciento a 108,5 en Agosto y   ligeramente menor (0,2 por ciento) en relación al mes de Agosto de 2015. Con la declinación del mes pasado, el índice está ahora en su segundo más bajo de este año después de Enero (105,4).

El Indice de Ventas de Casas Pendientes es un indicador líder para el sector de la vivienda, que muestra cómo se desenvuelve el Mercado de Bienes Raíces en un tiempo específico.

“Aunque comprar una propiedad en un mercado hipotecario de vendedores puede presentarse con muchos desafíos, es posible asegurar una casa que te va a encantar” Sandy Flores Broker, Liderando el camino a tu Casa Propia!

 

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.

OPEN HOUSE! CHARMING HOME IN BELLFLOWER!

Come on in, and Join us!

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