Educational articles about current real estate market trends, financial information about mortgages and financing, tax breaks or incentives for homeowners, and other topics that are beneficial to home buyers, sellers, or other real estate professionals.
Found 59 entries about Education/ Market Updates.
Great article I was just sent... this is the best time/market to invest for the long term in Real Estate
http://www.ibtimes.com/articles/306749/20120229/real-estate-forecast-2012-warren-buffett.htm
Please give us a ring at 760.438.0800 to discuss opportunities we have available.
1766 Views, 0 Comments
http://youtu.be/G7RMSUNTZhM
1564 Views, 0 Comments
Great Time to Buy... First home, Move Up or find the ideal Rental!!
30 Year fixed Purchase Loans
3.75 % Conforming: (loan amounts under $417,000)$231.56 per $50K (Calculate at $50,000 increments to figure P&I pymts)
4.00% Jumbo (loan amounts up to $546,250)
4.25% JUMBO, AND… 5/1 is only 2.625% (APR 2.7)
FHA (up to $697,500)/VA (up to $417,000)
3.75
15 Year fixed
3.375% Conforming
NON-OWNER OCCUPIED
1 Unit 4.375%
3-4 Unit 4.75%
1675 Views, 0 Comments
Carlsbad and General Market Summary:
Tyson Lund - Broker Associate , The Lund Team, Inc
Active
real estate brokers are noticing a shift in the San Diego real estate
market. Many areas of the county are experiencing fewer homes for sale
than in previous months. Professionals call this “inventory restriction”
and it is having a noticeable affect on our local Carlsbad market. An
increase in the number of home buyer showings per available home.
Average time to sell in the current market for non-short sale property
has dropped by 33% to 60 days average market time. Brokers are finding
multiple offers more common on their desirable listings with the seller
achieving near 99% of their asking price. Now although it is much to
early to call…
1973 Views, 0 Comments
Carlsbad condominium and town home sold values remain unchanged through 2011 and early 2012. Thanks in part to low mortgage rates and greater affordability, attached property has found a pricing equilibrium. The average attached sale in Carlsbad between November 2011 and January 2012 remain relatively unchanged from a year prior at $326,000. Home buyers found with record low mortgage rates (currently below 4% for 30 year fixed rate) the cost of owning a condo / townhome was often equal or better to paying current rents. Average time on market is around 55 days for traditional sale property. Short-sale’s are a large part of the attached market in Carlsbad making up 40% of the active inventory. Short-sales, ever the oxymoron, are averaging…
1538 Views, 0 Comments
A new product from a Lund Team, inc preferred lender allows a qualified buyer to purchase with as little as ½ of 1%. That is buying a $400,000 home with $2,000.
If you can say “Yes” to all of the following you qualify for this mortgage:
• Must be an FHA 30 Year Fixed Rate
Loan
• 2nd Mortgage not to exceed 3% of the Sales Price
• 2nd Mortgage proceeds can be used for Down Payment or Closing Costs
• Property MUST be Owner-Occupied
• Borrower can not own other properties
• Borrower must meet Income Limitations (call for details) SAN DIEGO $89,880
and Orange County $101,040
• Borrower DOES
NOT have to be First Time Buyer
• Minimum FICO Score 620
• Second mortgage is a 15 year fixed rate loan
ONE-HALF OF ONE PERCENT DOWN PROGRAM
Contact…
1555 Views, 0 Comments
With North San Diego county feeling the effects of seasonal slowing (i.e less homebuyers buying), many homeowners consider waiting for spring to sell their property. Here is a generalized argument for selling now:
Less competition from those unwilling to sell during the holidays creates an advantage. Less competition means better chance to sell.
Low sales in winter set the "comparative sales" used by appraisers and brokers to gauge value. Low foreclosure/short-sale sales will make it difficult for today’s highly cautious appraisers, buyers and brokers to approve higher sale values within a 6 month period. In short, get ahead of the curve.
Current low interest rates are encouraging to buyers. Rates can fluctuate and change. Higher…
1777 Views, 0 Comments
The Los Angeles Times
Mortgage rates hold steady, Freddie Mac survey says
The
interest rate on a 30-year fixed mortgage held steady this week at a
60-year low while the 15-year fixed loan edged down to a new record low,
mortgage finance company Freddie Mac said in its weekly rate snapshot.
Read the full story
HousingWire
Five more years of housing problems, with some stability in local markets
The
housing market remains shaky and is unlikely to deliver significant
growth in prices over the next five years, according to a new survey of
economists, real estate professionals and analysts.
Read the full story
The Los Angeles Times
Sales of previously owned homes jump in August
The
number of homes sold increased 7.7 percent in August compared with July
and…
1787 Views, 0 Comments
WHAT YOU NEED TO KNOW ABOUT UPCOMING CHANGES TO FHA LOANS
As you may know, unless Congress extends the expiration deadline,
Federal Housing Administration (FHA) loan limits set in 2008 will drop
significantly beginning October 1. Congress raised the loan limit amount
in response to the housing crisis to help spur the homebuying market.
FHA loans offer borrowers very competitive rates and terms, and they
only require a 3.5% down payment. Allowable debt ratios are higher than
the typical debt-ratio limits imposed for conventional loans, and there
are no income limit qualifications, so more people can qualify for them.
If the loan limit drops on October 1, many California homebuyers will
face higher down payments, higher mortgage rates and…
1775 Views, 0 Comments
Average 30 year fixed mortgage rates have fallen to historic lows; 4.41%. Many Lund Team clients have reported securing fixed rate loans even lower lower (4.1%-4.25%) depending on their individual situation.
There is much discussion about the future of low mortggae rates. Many economists argue that we should expect an extended period of low mortgage rates as the economy contracts during a recession.
Our local mortgage contacts report heavy volumn in #'s of property refinances.
The 15-year fixed-rate rose 5 basis points to 3.63 percent. The average rate for 30-year jumbo mortgages, or generally for those of more than $417,000, was 4.94 percent, up 5 basis points from last week.
The 5/1 ARM fell 3 basis points to 3.12 percent. With a…
1514 Views, 0 Comments
