Big announcement this week by the FHA (Federal Housing Administration): the Mortgage Insurance Premium (MIP) is being reduced from 85 basis points to 55 basis points (.85% to .55%), which can potentially result in upwards of $100,000 in lifetime loan… Read More »FHA Announces Lower Lower Mortgage Insurance Premiums!
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of… Read More »The Two Big Issues the Housing Market’s Facing Right Now
Selling Your Home? Here’s Great Advice On How To Make Your Home More Appealing To Buyers! To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has… Read More »Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance
How To Make A Move: Six Week Checklist Moving to a new home is a stressful and harried time, even for the most hardy among us. Please use our checklist below to remember important details (and let us know if you… Read More »Moving To A New Home Checklist
Lots Of Things To Consider! Reach Out To The Experts: Bruce Clark & Veronica Ruiz If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense… Read More »Should You Consider Buying a Newly Built Home?
There’s A Bit More Than Just Buying A Home! Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have… Read More »What You Should Know About Closing Costs
It Might Be MUCH Less Than You Think! If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But… Read More »Wondering How Much You Need To Save for a Down Payment?
Lease Rates Continue Their Upward Trend If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too… Read More »Avoid the Rental Trap in 2023
The Market Is Adjusting To The ‘New Normal’ Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last… Read More »Think Twice Before Waiting for 3% Mortgage Rates
Some Highlights Sources: As you can see, there is a wide range of perspectives on the real estate market. Real estate is local – even in Orange County. What’s happening in El Camino Real is different than what’s happening in… Read More »2023 Housing Market Forecast: Different Perspectives