California home sales – Buy or Rent My Homes

Closing Delays on the Rise

Published on December 17, 2016December 17, 2016 by Buy or Rent My HomesLeave a comment

Closing times are lengthening. The time-to-close averaged 40.5 days from November 2015 to November 2016 compared to 36.7 days the year before, according to data from the National Association of REALTORS®. NAR called the longer times in closing “unexpected” in a recent blog post.

Read more: New Closing Rules Remain a Challenge

NAR began tracking closing delays following the implementation in 2015 of new mortgage disclosure rules, known as TRID or Know Before You Owe. The new mortgage rules changed the settlement process by adding new closing documents and timelines. Closing times have remained elevated since the implementation of the new rules.

Continue here—>http://realtormag.realtor.org/daily-news/2016/12/16/better-watch-out-closing-delays-rise

BUYING REAL ESTATE WITH A BUDDY? CONSIDER THIS…

Published on September 21, 2016September 21, 2016 by Buy or Rent My Homes2 Comments

Combining resources to acquire real estate sounds great, till you really consider ALL the considerations. I still meet investors who don’t use operating agreements with their partner/friends when flipping homes. This article addresses the “what if’s” in a practical sense.Buying Real Estate with a Buddy buying-re-with-a-buddy

California August 2016 Home Sales Report

Published on September 20, 2016 by Buy or Rent My HomesLeave a comment

August 2016 breakdown – California sales were down, median prices up = TIGHT SUPPLY! Anyone searching for a new home or searching for a rental keeps hearing this tune over and over; inventories are low. Additionally frustrating purchases might have also been talk of an increase in interest rates by the Fed in the Fall. We have continued to purchase homes at a steady pace but nowhere near our peak three years ago.

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California July 2016 Home Sales Report

Published on September 11, 2016 by Buy or Rent My HomesLeave a comment

June, July and August are considered peak sales months for real estate so it is a surprise that sales cooled in July of this year. As VERY strong demand in rentals persists, this might be an early sign of buying demand weakening by California house consumers.

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California June 2016 Home Sales Report

Published on August 15, 2016August 15, 2016 by Buy or Rent My HomesLeave a comment

June California real estate moves higher in June. Is the economy getting stronger or is lending getting easier?

California May 2016 Home Sales Report

Published on August 15, 2016 by Buy or Rent My HomesLeave a comment

May

May sales moving higher, California real estate getting hotter into summer!

California April 2016 Home Sales Report

Published on May 21, 2016 by Buy or Rent My HomesLeave a comment

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Take a look! Home pricing is getting MORE expensive! The median price of a home has now reached over $500K statewide! What is driving the growth in pricing? Take a closer look! Sales of single family homes DECREASED from last year and the previous year! From my conversations more homeowners are staying put, making housing more scarce and driving prices of existing homes higher. Many homeowners are taking advantage of lower property taxes by holding onto what real estate they have instead up trading up or down. Questions? Email me for more assistance on how to buy or sell a home in this market!

Tag: California home sales