homes for sale: Rising Home Prices Mean Great News for Homeowners - 07/25/17 10:42 PM

Rising Home Prices Mean Great News for HomeownersRecently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise.
The great news about rising prices, however, is that according to CoreLogic’s Homeowner Equity Report, the average American household gained over $14,000 in equity over the course of the last year, largely due to home value increases.
The map below was created using the same report … (1 comments)

homes for sale: U.S. Housing Inventory Hits a New Low… List Your House TODAY! - 07/25/17 04:05 AM

U.S. Housing Inventory Hits a New Low… List Your House TODAY!Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.
Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is … (0 comments)

homes for sale: Mortgage Market Guide: Retail Sales Weak. Inflation Tame. - 07/18/17 11:03 PM
 
 
 
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Questions, Comments or For more information you can contact Christian Penner at: (561) 316-6800 or Office Text Line: 561-530-2223 - visit us online at www.ChristianPenner.com
The Christian Penner Mortgage Team,
Buyer Referral Hotline : (561) 316-6800
Or You can click "Call Me" below to call Christian Penner directly using Google Voice

#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best #homemortgage programs like; #Jumboloans, #FHAHomeLoans, #VAHomeLoans, #ReverseMortgageHomeLoans, #FreddieMacHomeLoans, #FannieMaeHomeLoans and #HARPMortgageLoans. #ChristianPennerMortgageBrokerPalmBeachGardens has Served the area for over 15 years with his #HomeLoanLending … (0 comments)

homes for sale: Thinking of Selling? You Should Act NOW! - 07/18/17 05:43 PM

Thinking of Selling? You Should Act NOW!If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.
Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:
“Buyer interest is solid, but there is just not enough … (0 comments)

homes for sale: Epic Housing Shortage Being Reported - 07/07/17 02:09 AM

Epic Housing Shortage Being ReportedThe Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study.
The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new construction.
Regarding Existing Home Inventory:“For the fourth year in a row, the inventory of homes for sale across the US not only failed to recover, but dropped yet again. At the end of 2016 there were historically low 1.65 million homes for sale nationwide, … (1 comments)

homes for sale: NAR Data Shows Now Is a Great Time to Sell! - 07/04/17 06:32 AM

NAR Data Shows Now Is a Great Time to Sell!We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. Two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your house.
Let’s look at the data covered in the latest REALTORS® Confidence Index and Existing Home Sales Report.
REALTORS® CONFIDENCE INDEX Every month, NAR surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions.” This month, the index showed (again) that home-buying demand continued … (1 comments)

homes for sale: Existing Home Sales Surge into Summer - 06/30/17 04:06 PM

Existing Home Sales Surge into SummerSome Highlights: Existing Home Sales reached their third highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines. NAR’s Chief Economist, Lawrence Yun had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”  
 
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homes for sale: Pre-Approval Should Always Be Your First Step - 06/28/17 07:05 PM

Pre-Approval Should Always Be Your First StepIn many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach.
Freddie Mac lays out the advantages of … (1 comments)

homes for sale: Mortgage Market Guide – Views You Can Use June 2017 Issue - 06/15/17 03:17 AM

 
 
 
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Questions, Comments or For more information you can contact Christian Penner at: Call/Text: (561) 316-6800 or visit us online at www.ChristianPenner.com
The Christian Penner Mortgage Team, A Branch of 
American Financial Network, Inc
CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821.
Call/Text: (561) 316-6800
Or You can click "Call Me" below to call Christian Penner directly using Google Voice

#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best … (0 comments)

homes for sale: 5 Reasons You Should Sell This Summer - 06/07/17 06:22 AM

5 Reasons You Should Sell This SummerHere are five reasons listing your home for sale this summer makes sense.
1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition NowHousing inventory is currently at a 4.2-month supply, well under … (0 comments)

homes for sale: #1 Reason to List Your House for Sale, NOW! - 06/01/17 01:29 AM

#1 Reason to List Your House for Sale, NOW! If you are debating listing your house for sale this year, here is the #1 reason not to wait!
Buyer Demand Continues to Outpace the Supply of Homes for Sale  The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:
“Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market.
Demand is easily outstripping supply in most … (1 comments)

homes for sale: #1 Answer to the Housing Shortage: New Construction - 05/20/17 03:27 PM

#1 Answer to the Housing Shortage: New Construction The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages.
The good news is that builders are now starting to build more homes in lower price ranges.
Builder Confidence is Up The Housing Market Index from the National Association of Home Builders (NAHB) reveals that builder confidence increased last month. HousingWire quoted … (1 comments)

homes for sale: 4 Tips for Effectively Making an Offer - 05/19/17 07:00 AM

4 Tips for Effectively Making an Offer So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true!
Freddie Mac covered “4 Tips for Making an Offer” in their latest Executive Perspective. Here are the 4 tips they covered along with some additional information for your consideration:
1. Understand How Much You Can Afford “While it’s not nearly as fun as house … (0 comments)

homes for sale: Inventory Shortages Are Slowing Down the Market - 05/10/17 08:42 AM

Inventory Shortages Are Slowing Down the Market The real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the summer, supply is not keeping up.
Here are the thoughts of a few industry experts on the subject:
Lawrence Yun, … (1 comments)

homes for sale: Mortgage Market Guide: April Job Growth Surges - 05/09/17 04:25 AM
 
 
 
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Questions, Comments or For more information you can contact Christian Penner at: Call/Text: (561) 316-6800 or visit us online at www.ChristianPenner.com
The Christian Penner Mortgage Team, A Branch of 
American Financial Network, Inc
CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821.
Call/Text: (561) 316-6800
Or You can click "Call Me" below to call Christian Penner directly using Google Voice

#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best … (0 comments)

homes for sale: 3 Charts That Shout, ‘List Your Home Today!’ - 04/27/17 02:31 AM

3 Charts That Shout, ‘List Your Home Today!’ In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.
SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market.

 
DEMAND Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer … (1 comments)

homes for sale: Thinking of Selling? Now Is the Time to Act - 04/19/17 03:41 AM

Thinking of Selling? Now Is the Time to Act If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.
Jonathan Smoke, Chief Economist at realtor.com, revealed in a recent article that:
“The biggest challenge to buyers this spring … (1 comments)

homes for sale: Mortgage Market Guide: Job Growth Still Strong - 03/16/17 09:49 PM
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Questions, Comments or For more information you can contact Christian Penner at: Call/Text: (561) 316-6800 or visit us online at www.ChristianPenner.com
The Christian Penner Mortgage Team, A Branch of 
American Financial Network, Inc
CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821.
Call/Text: (561) 316-6800
Or You can click "Call Me" below to call Christian Penner directly using Google Voice

#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has … (0 comments)

homes for sale: The Great News About Rising Prices for Homeowners - 02/16/17 12:39 AM

The Great News About Rising Prices for Homeowners Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.
The great news about rising prices, however, is that according to CoreLogic’s US Economic Outlook, the average American household gained over $11,000 in equity over the course of the last year, largely due to home value increases.
The map below was created using … (1 comments)

homes for sale: Lack of Homes for Sale Slowing Down the Housing Market - 02/06/17 04:12 PM

Lack of Homes for Sale Slowing Down the Housing MarketThe housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the winter, supply is not keeping up.
Here are the thoughts of … (2 comments)

 
Christian  Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987 (The Christian Penner Mortgage Team)

Christian Penner

Your Mortgage Lender - 561-316-6800 | 561-373-0987

West Palm Beach, FL

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The Christian Penner Mortgage Team

Address: 712 US Highway One , Suite 300, North Palm Beach, FL, 33408

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