Tuesday, August 23, 2016

2 Myths About Mortgages That May Be Holding Back Buyers

Whether buying your first home or moving up to your dream home, knowing your options will definitely make the mortgage process easier. Your dream home may already be within your reach. Call me today to discuss your options. 949.295.5105

#MortgageMyths #Buying #RealEstate #Homes #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

2 Myths About Mortgages That May Be Holding Back Buyers

Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.

Myth #1: “I Need a 20% Down Payment”

Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required.

Many believe that they need at least 20% down to buy their dream home. New programs actually let buyers put down as little as...MORE

Thursday, August 4, 2016

Thinking of Selling Your House? Pick the Right Agent!

Today, more and more sellers are stepping back, taking a look at the advice real estate professionals give them, and asking themselves whether they can trust that advice. And that is exactly what they should do. Contact me today to go over the best steps to get your home sold the best way. 949.295.5105

#Homes #RealEstate #SellNow #HireAPro #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

Today, more and more sellers are stepping back, taking a look at the advice real estate professionals give them, and asking themselves whether they can trust that advice. And that is exactly what they should do.

The most important question you can ask when you are choosing a real estate agent is whether you feel you can trust them. You must know that they’re giving you great advice, and that they’re going to be able to help you accomplish your family’s goals. You must trust your listing agent enough to allow them to:...MORE

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Friday, July 29, 2016

Brexit 1 Month Later: The Impact on Mortgage Rates

I will continue to follow the effect of Brexit on the U.S. housing market. But for now, it appears the impact is not as dramatic as some thought it could be.

#Homes #RealEstate #Brexit #MortgageRates #FreddieMac #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

Just over a month ago, the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit. At that time there was a lot of speculation on how that decision would impact the U.S. residential mortgage market. Today, we want to look at the impact of the first 30 days.

Most believed that the Brexit decision would drive mortgage rates down and keep them down for some time. As CoreLogic reported:...MORE

Tuesday, July 26, 2016

The Top Reason to List Your House For Sale Now!

“With demand holding firm and homes selling even faster than a year ago, the notable increase in closings in recent months took a dent out of what was available for sale."

Thinking of Selling? Find out what the supply conditions are in your area! Call me today! 949.295.5105

#Home #realestate #trends #SellNow #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

The Top Reason to List Your House For Sale Now!

The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage:

“With demand holding firm and homes selling even faster than a year ago, the notable increase in closings in recent months took a dent out of what was available for sale.

Realtors are acknowledging, with increasing frequency lately, that buyers continue to be frustrated by the tense competition and lack of affordable homes for sale in their market.”

The latest Existing Home Sales Report shows that...MORE

Thursday, July 21, 2016

Baby Boomers Are On the Move

If your housing needs have changed or are about to change, meet with me today and I can help with deciding your next step. 949.295.5105

‪#Homes‬ ‪#‎RealEstate‬ ‪#BabyBoomers‬ #Forsellers #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

Baby Boomers Are On the Move

Thursday July 21st, 2016 For Sellers, Senior Market

According to a Merrill Lynch study, “an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement.

As one participant in the study stated:

“In retirement, you have the chance to live anywhere you want. Or you can just stay where you are. There hasn’t been another time in life when we’ve had that kind of freedom.”

The top reason to relocate cited was...MORE

Wednesday, July 20, 2016

Rents Skyrocket at Highest Rate in almost a Decade

With rents continuing to rise and mortgage interest rates still at historic lows, meet with me today and I can help determine if you could turn your monthly rental cost into a home of your own. 949.295.5105

#homes #realestate #rentvsbuy #rentsrising #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

Rents Skyrocket at Highest Rate in almost a Decade

The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis byMarket Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007.

This coincides with a report released earlier this month in which AxioMetrics announced that rents are continuing to increase in 2016. The report revealed:

There was a 3.7% increase in effective rents in the second quarter of 2016 as compared to the same period last year.
That the effective rent growth this quarter compared to last quarter was 2.3%.
Annual effective rent growth was positive in 49 of the top 50 markets, based on number of units. Only Houston was negative, at -1.4%, as the fallout from energy-industry job losses and excess construction continues.

Here is a graph to illustrate the rate of increase over the last several years:...MORE

Tuesday, July 19, 2016

A Homeowner’s Net Worth is 45x Greater Than a Renter’s!

If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, meet me today and I can guide you through the process. 949.295.5105

#Homes #NetWorth #ReasonsToBuy #realestate #ForBuyers #HomeOwner #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

A Homeowner’s Net Worth is 45x Greater Than a Renter’s!

Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

In a Forbes article, the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater.

The graph below demonstrates the results of the last two Federal Reserve studies and Yun’s prediction:...MORE

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Tuesday, August 23, 2016