• Home
  • Search Properties
    • Barbara Listings
    • Homes in Huntington Beach
  • Property Management
  • Market Reports
    • Live Online Report
    • Monthly Market Newsletter
  • SummerLane
    • Ashbury Model
    • Avalon Model
    • Claremore Model
    • Hideaway Model
  • For Seniors
  • More…
    • About Barbara
    • Short Sales

Barbara Sells the Beach | Huntington Beach Real Estate

Over 35 Years of Great Service Throughout Orange County!

(714) 421-0103

You are here: Home / Archives for Statistics

It’s a Great Time to Buy Real Estate

May 26, 2012 By Barbara Delgleize

If you’ve got the income. If you’ve got plenty of tenure on the job. If your credit is solid. If you can otherwise pass muster at the mortgage loan desk. If it’s cheaper for you to buy than it is to rent.

Yes, there are lots of “ifs,” but it’s one of the best times in America to buy a home. And it won’t last forever.

To wit

  • Distressed homes – foreclosures and short sales sold at deep discounts – accounted for 34 percent of February sales, according to the National Association of Realtors (NAR). The bargain basement is open for business.
  • Investors know a party when they see one. They snatched up 64.5 percent more homes in 2011 than in 2010 and now account for nearly one in every four homes sold, NAR reported.
  • The second home market is back with a vengeance. Both investors and playhouse buyers are jumping on this bandwagon. They pushed vacation/second home sales up 7.0 percent in 2011.
  • Meanwhile, owner-occupied purchases fell 15.5 percent last year.
  • And then there are those record low interest rates.

Don’t get behind the curve and wait until a line forms and multiple offers are the norm, rather than the exception.

Tips to Give You an Advantage

  • Be mortgage ready. If you haven’t already, check your credit reports from the only federally-sanctioned source of free reports, AnnualCreditReport.com, to make sure your credit is mortgage worthy. Don’t get taken by sound-alike websites that offer you “free” credit reports that are only “free” after you buy a credit monitoring service.
  • Know all your costs. More than just a mortgage payment, homeownership comes with insurance, tax, utility, maintenance and transportation costs, among others. Include them in your budget to determine what is truly affordable.
  • Know your mortgage. Fixed-rate mortgages (FRMs) offer payment certainty, while adjustable rate mortgages (ARMs) frequently provide lower initial monthly payments, but those low rates could rise considerably over time. Work with a trained homeownership advisor to help get the right mortgage loan.
  • Hire good help. Get a licensed real estate agent who knows the market. It’s easy to go digital and browse for housing. Actually going through the process and closing on a home without professional assistance is something else. Ask any FSBO (for sale by owner).
  • Take your time. There may be some pressure to get in the market at today’s affordable prices and low interest rates, but if you move too quickly, it could be a mistake. Take the time to obtain a home inspection, learn the neighborhood, investigate the school district. Buy only what you can truly afford, not a home based on the largest loan the lender will lend.

Written by Broderick Perkins

Filed Under: Featured Articles, Newsletter Tagged With: Housing Trends, Newsletter, real estate news, Statistics

California Housing Trends: Foot-traffic and Future Home Sales Correlation

April 21, 2012 By Barbara Delgleize

From NAR Economy Outlook (April 20, 2012:

  • Foot traffic and future home sales have a strong correlation.  SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
  • Foot traffic in the area covered by the Scenic Coast Association of REALTORS®, Inc. (CA) for March jumped 24% compared to a year earlier.
  • That year-over-year gain reversed the 2% year-over-year decline registered in February.
  • Foot traffic in this area was strong last spring, but surged in late summer, the typical pattern for this market.  This trend would mark an early and more balance sales path for the year.

Filed Under: Newsletter Tagged With: California Home Sales, Economy Outlook, Housing Trends, NAR, Statistics

Economist Outlook April 20, 2012

April 21, 2012 By Barbara Delgleize

From the NAR Economist’s Outlook Blog:

Demand Pulled Forward, Or Breakout Growth?

On April 20, 2012, in Economist Commentaries, by Ken Fears, Manager, Regional Economics

The housing market in the Washington metro area eased in March, but fundamentals remain strong. Because of distortions in recent years, it is difficult to know definitively if sales for the entirety of 2012 will outpace 2011. However, demand is likely to continue to grow in the near term, posting stronger figures in April. [Read more…]

Filed Under: Economy, Newsletter Tagged With: Distressed Sale, Economy Outlook, NAR, Statistics

Real Estate Search

no-paws-left-behind

Follow Me

RSSFacebookLinkedin

Move for FREE!


Click Here For Details!
Save Thousands on Taxes!
Transfer your low property taxes to your next home. Click here for details

Featured Visual Tours

Play VisualTour
Play VisualTour
Play VisualTour

Resources & Information

  • Huntington Beach Council on Aging
  • Receive a FREE Emergency Kit
  • Senior Real Estate Specialist Reports
  • Client Disclosure / Transaction Center
  • Real Estate Questions? Ask the Expert
  • Mortgage Calculation Tools & Information 

Categories

  • Barbara Delgleize for HB City Council
  • Community News
  • Economy
  • Featured Articles
  • Featured Property
  • HB City Council
  • Homeseller Tips
  • Lifestyle
  • Newsletter
  • Property for Lease
  • Property for Sale
  • Real Estate Newsletter
  • Sold Property
  • Special Event
  • Welcome
  • Home
  • Search Properties
  • Property Management
  • Market Reports
  • SummerLane
  • For Seniors
  • More…

Copyright © 2022 Barbara Delgleize · Website by The Burrell Group · Log in