Your Mortgage View

Your Mortgage View | September 18, 2017

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Homeownership Remains a Top Priority among Consumers The dream of owning a home is still viewed as the number one as a long-term financial goal for Americans, with 54% saying it was their primary long-term financial objective – an 11% increase from last year. That is according to a recent survey conducted by Report Linker. In fact, 81% say home …

Your Mortgage View

Your Mortgage View | September 11, 2017

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Sellers Still Expect Prices to Rise The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 1.2 points in August to 88.0, just below the all-time high set in June. The net share who reported that now is a good time to sell a home rose 8 percentage points in August and is now up 21 percentage points compared to the …

Your Mortgage View

Your Mortgage View | August 29, 2017

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Existing Homes Sales Show Tight Market The National Association of Realtors released their recent Existing Home Sales report for July, and it showed a very tight housing market. Existing Home Sales are the single best measure of the health of the real estate market as they are completed transactions of single family homes, townhomes, condominiums, and co-ops. Here are some …

Your Mortgage View

Your Mortgage View | August 22, 2017

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Home Builders’ Sentiment Jumps The National Association of Home Builders (NAHB) released their recent Housing Market Index, and it showed a very robust reading of 68. It’s the 4th highest reading since 2007. Any reading above 50.0 is considered positive for the housing market. Builder confidence in the market for newly-built single-family homes rose four points in August to a …

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Your Mortgage View | August 14, 2017

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New Construction Expected to Increase The biggest issue with our housing market over the past two years is a huge shortage of available inventory with supply sitting well below 7 months at current sales paces. So, it is welcome news that construction rates of new home builds are projected to hit 1.4 million units on a yearly basis. Current Mortgage …

Market Trends

Orange County Market Trends May 2017

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  Property Sales May property sales were 1,986, up from 1,878 in May of 2016 and 22.6% higher than the 1,620 sales last month. May 2017 sales were at their highest level compared to May of 2016 and 2015. May YTD sales of 7,510 are running 1.8% ahead of last year’s year-to-date sales of 7,376. Prices The median sales price …

Market Trends

Orange County Market Trends April 2017

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    Property Sales April property sales were 1,618, down from 1,691 in April of 2016 and -2.6% lower than the 1,662 sales last month. April 2017 sales were at their lowest level compared to April of 2016 and 2015. April YTD sales of 5,522 are running 0.4% ahead of last year’s year-to-date sales of 5,498. Prices The median sales …

Market Trends

Orange County Market Trends March 2017

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  Property Sales March property sales were 2,729, up from 2,539 in March of 2016 and 48.6% higher than the 1,837 sales last month. March 2017 sales were at their highest level compared to March of 2016 and 2015. March YTD sales of 6,427 are running 4.2% ahead of last year’s year-to-date sales of 6,165. Prices The median sales price …

Market Trends

Orange County Market Trends February 2017

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  Property Sales February property sales were 1,831, up from 1,812 in February of 2016 and -1.7% lower than the 1,862 sales last month. February 2017 sales were at their highest level compared to February of 2016 and 2015. February YTD sales of 3,693 are running 1.8% ahead of last year’s year-to-date sales of 3,626. Prices The median sales price …