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Archive for the ‘Mortgage/Loans’ Category

Been awhile since we last stayed in touch…Encouraging statistic to help you decide to begin your home search, Pay Rent to Yourself, NOW is the time…

Pay Rent to Yourself, NOW is the time…

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Click on this link to read the article from Fannie Mae…

News Release – Consumers Positive About Access to Mortgage Credit; Views Toward Economy Improving | Fannie Mae.

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Check out DataQuick, home sales following the trend in the housing market. In Orange Co. CA, home prices have leveled from the quick climbing prices we could not keep up with earlier this year. We are seeing homes not selling as quickly and price reductions on homes asking more than the average home sales pricing. Buyers are waiting for the sellers to adjust prices before they consider writing an Offer to Purchase a home. Details here… Home Sales Trends Throughout the US

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Housingwire, October 7, 2013 According to the survey, consumers are still in the purchase market. They believe the mortgage rate will go up in the next 12 months and the prices will not be increasing in the next 12 months. Read more about this survey and the consumers opinions here… Housing Recovery, Housingwire

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We will see some affect, depending on where you are in the purchase process. Read this summary from Ron Siegel, a seasoned Loan Officer to help answer questions you may have…

http://myemail.constantcontact.com/Special-Alert–How-does-the-Government-Shutdown-Affect-Real-Estate.html?soid=1101746484772&aid=uYjmFJjZCKU.

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From Housingwire

If this change does occur, how do you think this decrease in conforming loan limits from $417,000 to $400,000 and 625,500 to $600,000 will affect the purchase market in California? Read details here… A Change in Conforming Loan Limits?

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L.A. Times report that investors continue to buy and “flip” houses in Southern California. There has been only a slight decline in purchases, and these investors continue to see a good return when they buy at the right price. Read on here… HOUSE FLIPPING INVESTORS

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