After the real estate market surge of last spring and the slow but steady pace of the summer, September existing-home sales bounced back to their highest pace of the year.
According to Lawrence Yun of the National Association of Realtors, "Low interest rates and price gains holding steady led to September's healthy increase, even with investor activity remaining on par with last month's market decline."
Annually, November home sales nationwide dip by about 8%. December figures tend to match November, and January's cold weather creates a low mark of activity. Much stronger activity then arises in March and April.
Rates haven't been this low since 2013 according to Freddie Mac. With a 30-year fixed-rate averaging 3.92% and 5-year adjustable rate mortgages averaging 2.91%, now may be the time to buy.
November may be the new May.
As always, if you want to further evaluate your options, contact me anytime: email@example.com.
Articles and Advice
2015 California Housing Market Forecast
With more available homes on the market for sale, California’s housing market will see fewer investors and a return to traditional home buyers as home sales rise modestly and prices flatten out in 2015, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2015 California Housing Market Forecast.”
Regulators Promise Thaw in Mortgage Credit Underway
By: Inman News
Regulators who oversee Fannie Mae, Freddie Mac, and the Federal Housing Administration are telling mortgage lenders that they’re ready to cut them some slack, and mortgage lenders say they’re ready to run with the ball.
Creating a Toxin-Free Home
By: Jill Hamilton
We think of our homes as being safe havens from the rest of the world. But for people with allergies or other environmental sensitivities, sometimes the things that feel safe and cozy – a nice fluffy rug, or fresh-smelling air-fresheners, for example – can actually exacerbate a problem. To make sure your home is as safe as it feels try some of the following tips for creating a non-toxic home.
A: The X Factor relates to a growing trend of foreign investors. For the first time this year, Chinese buyers surpassed Canadians as the top investors in American real estate. According to the NAR, buyers from China invested $22 Billion in the U.S. housing market. Canadians, the perennial leader in foreign investment, spent about $13 Billion.
Chinese investors consider the U.S. market to be relatively inexpensive. Price is not the only attraction. In China, as well as Russia and Brazil, successful business people feel threatened by government behavior and are incentivized to get their money out of the country.
Most Chinese are buying in California, New York, and Washington. Brazilians and other South Americans tend to buy in Florida. Foreign investors are impacting all those states.
It is important to note that the total value of residential real estate transactions in the U.S. is around $1 Trillion. It is unclear as to how big the X Factor of foreign investors will be.
Families going through foreclosure have to make very hard decisions, and sometimes are no longer able to care for their pets. Dogs and cats often end up in public shelters– racing the clock as they hope for adoption. That’s where Tony La Russa’s Animal Rescue Foundation, or ARF, comes in. The ARF team rescues pets who are about to run out of time in these shelters, provides care and comfort, and then finally matches them with the perfect owners.
Check out 1-year-old Bolt! He's a spunky pup who would love to join an active family. This little guy weighs 24 pounds now, and he's a Wirehaired Fox Terrier Mix. What a face!
Pier 39 Tree Lighting – Embarcadero
22nd Annual Walnut Creek Turkey Trot
12th Annual Piedmont Turkey Trot
Thanksgiving Morning, November 27
Macy’s Tree Lighting – Union Square
Friday, November 28 - 6pm
Many of you know that I have a passion for good wine. I’ve even grown grapes and made my own. I’ve also belonged to a wine group for about 20 years. Every month we get together for a blind tasting and then rank the wines we try.