By Friday of last week, it was clear that the coronavirus outbreak was having a significant impact on markets with stocks and bond yields (aka interest rates) both moving lower. Those same themes intensified this week, ultimately paving the way for the lowest mortgage rates since 2016. That may come as a surprise to those who believe…
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The last housing boom didn’t end so well for many Americans. That “B” word is being thrown around again at the start of 2020, but things are very different this time around. Why are people saying housing is booming? Due to a combination of rising rates and economic uncertainty, housing entered a bit of a…
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Things are looking up for the housing market at the start of the new year. Granted, some of the following data pertains to the last few months of 2019, but it nonetheless speaks to a friendly shift that is arguably already well underway. Fannie Mae’s Home Purchase Sentiment Index offers a broad measure of housing market strength, and it…
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Look at the orange line on the graph… that’s the fluctuation in price. The data is for Southern California from 2014-2018. EVERY year, there’s a dramatic dip during the holidays. If you can wait at least until October, do it! Let me know if you want an updated graph each month, no charge :). XOXO,…
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In 2018, the government is forgiving your down payment loan after 3 years so you can buy a home with $0 down! Your credit score must be at least 620 and your annual income cannot be greater than $117,000. You can purchase a home worth up to $660,000 in Orange County. Contact me today to…
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Yup! It’s true. You could be in a multi-unit home in 30 days! What’s the catch? There are 3: You still need to pay for closing costs. They average about 3.5% of the purchase price for buyers. That covers loan fees, title insurance, taxes, and escrow fees. This type of loan is considered an FHA…
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Are you the unemotional type? Are you thinking to yourself… “If I were the seller, this would not make me select a lower offer over a higher one”. Really? What if the highest offer didn’t submit proof of their down payment, credit scores, or loan approval letter? And the Dergens did? There are zillions of…
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