housing market: 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)

housing market: What Would a Millennial Baby Boom Mean for Housing? - 01/19/17 05:46 PM

What Would a Millennial Baby Boom Mean for Housing?Recently released data from the National Center for Health Statistics revealed that 1.3 million Millennial women gave birth for the first time in 2015. There are now over 16 million women in this generation who have become mothers.
“All told, Millennial women (those born between 1981 to 1997) accounted for about eight in ten (82%) of U.S. births in 2015.”
The data also shows that this generation has waited until later in life to become parents as only 42% of Millennial women were moms in 2014, compared to 49% of Generation X at the same … (1 comments)

housing market: U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 - 01/12/17 05:17 PM

U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTWASHINGTON, DC 20410-8000 
January    9, 2017
Mortgagee    Letter   2017-01
 
 
 
 
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housing market: FHA TO REDUCE ANNUAL INSURANCE PREMIUMS ON MOST MORTGAGES - 01/11/17 02:55 PM

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS ON MOST MORTGAGESModest reduction expands credit access and reflects improved economic health of FHA WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will pay by a quarter of a percent.  FHA’s new premium rates are projected to save new FHA-insured homeowners an average of $500 this year.
FHA is reducing its annual mortgage insurance premium (MIP) by 25 basis points for most new mortgages with a closing/disbursement date on or after … (1 comments)

housing market: YOU Magazine: Housing News, Game Day Snacks and More - 01/07/17 11:56 AM

YOU Magazine: Housing News, Game Day Snacks and More 
 
 
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Questions, Comments or For more information you can contact Christian Penner at: Call/Text: (561) 373-0987 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) 373-0987
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 … (0 comments)

housing market: Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories - 01/05/17 04:51 AM

Year-Over-Year Sales Increases Reach Double Digits in 5 Price CategoriesThe National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure.
Homes priced between $100-250K showed a 20.7% increase year-over-year. This is an impressive increase, showing that November was an excellent month for home sales in this price range.
But surprisingly, the 20.7% increase in sales in this range was not the highest percent change achieved, as sales of homes over $250,000 increased by double-digit percentages with sales in the $750,000- $1 million range showing the largest increase, up … (1 comments)

housing market: The Truth About Housing Affordability - 11/10/16 06:01 AM

The Truth About Housing AffordabilityFrom a purely economic perspective, this is one of the best times in American history to buy a home. Black Night Financial Services discusses this in their most recent Monthly Mortgage Monitor.
Here are two of the report’s revelations:
The average U.S. home value increased by $13,500 from last year, but low interest rates have kept the monthly principal & interest payment needed to purchase a median-priced home almost equal to one year ago. Home affordability still remains favorable compared to long-term historic norms. The report explains:
“Even though the value of the average home in the U.S. … (2 comments)

housing market: Mortgage Market Guide: Views You Can Use - Sep 2016 Issue - 09/13/16 09:17 AM
 
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Questions, Comments or For more information you can contact Christian Penner at: Call/Text: (561) 373-0987 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) 373-0987
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)

housing market: Mortgage Market Guide: Housing Starts Hit 5-month High - 08/22/16 05:09 PM
 
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Questions, Comments or For more information you can contact Christian Penner at: Call/Text: (561) 373-0987 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) 373-0987
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)

housing market: Mortgage Market Guide: Housing Hits a Home Run - 06/30/15 06:02 AM
 
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 // Questions, Comments or For more information you can email Christian Penner at TheMortgageTeam@ChristianPenner.com or visit us online at www.ChristianPenner.com or you can call us directly at: Cell/Text: (561) 373-0987
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housing market: Mortgage Market Guide: Job Growth Springs Back - 05/11/15 07:42 PM
 
 
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 // Questions, Comments or For more information you can email Christian Penner at TheMortgageTeam@ChristianPenner.com or visit us online at www.ChristianPenner.com or you can call us directly at: Cell/Text: (561) 373-0987
The Christian Penner Mortgage Team | Cell/Text: (561) 373-0987 Mortgage Banker, NMLS#368289 a division of Equity Prime Mortgage NMLS #21116
TheMortgageTeam@ChristianPenner.com
Mobile Contact Card Mobile App Tool Kit
Blog: www.ChristianPenner.com
Google: Your Mortgage Banker
www.YourMortgageSolutionsNow.com
Facebook | Apply Now | Homes For Heroes
Helping You Achieve the American Dream of Home Ownership"
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housing market: Mortgage Market Guide: Mixed Results for March Home Sales - 04/28/15 11:33 AM
 
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Questions, Comments or For more information you can email Christian Penner at TheMortgageTeam@ChristianPenner.com or visit us online at www.ChristianPenner.com or you can call us directly at: Cell/Text: (561) 373-0987
The Christian Penner Mortgage Team | Cell/Text: (561) 373-0987 Mortgage Banker, NMLS#368289 a division of Equity Prime Mortgage NMLS #21116
TheMortgageTeam@ChristianPenner.com
Mobile Contact Card Mobile App Tool Kit
Blog: www.ChristianPenner.com
Google: Your Mortgage Banker
www.YourMortgageSolutionsNow.com
Facebook | Apply Now | Homes For Heroes
Helping You Achieve the American Dream of Home Ownership"
Or You can click "Call Me" below to call Christian Penner directly using Google Voice

#ChristianPenner, … (1 comments)

housing market: Mortgage Market Guide: Markets Gobble Up Good Housing News " Home Loan Rates " - 11/25/14 05:36 PM
   
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Mortgage Market Guide: Markets Gobble Up Good Housing News " Home Loan Rates "
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#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 … (0 comments)

housing market: Homes & Money Newsletter - 4th Quarter 2014 - 11/22/14 02:36 AM
Homes & Money Newsletter - 4th Quarter 2014  
   
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Homes & Money Newsletter - 4th Quarter 2014 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 … (0 comments)

housing market: Real Estate Market Recovery—Glass Half Full; Getting Fuller! - 11/22/14 12:05 AM

Real Estate Market Recovery—Glass Half Full; Getting Fuller! Palm Beach County real estate observers got some background information last month that seemed to confirm much of what we’ve been seeing for a while now. Mid-term election politicking is now safely behind us (for a brief while, at least), but in the run-up to the elections, this was a comprehensive real estate canvass that yielded some comparisons of note. It was called the 2014 Election Housing Scorecard, released mid-month by RealtyTrac. The idea was to rate how national real estate conditions had fared in the two years since the previous national election. … (2 comments)

housing market: What is the fastest growing housing market outside of London? - 11/21/14 05:38 PM
The capital of Northern Ireland may be ranked as the UK’s second most attractive city for foreign direct investment (second only to London) but Belfast should be the most attractive city for today’s savvy property investor. Housing Market
London has long been hailed as the place to be for those investing in the housing market, but the Capital’s obvious charms often overshadow other UK areas with booming markets ripe for investment. Of late, it is unquestionably Belfast that is capturing the attention of those in the know. Property professionals have been eyeing up Northern Ireland’s capital due to its impressive … (0 comments)

housing market: Projection Sees Major Housing Market Price Bounce Back - 10/15/14 08:21 PM

Projection Sees Major Housing Market Price Bounce Back When it comes to tracking the national housing market’s performance, CoreLogic is one of the industry’s top voices. They provide insights and trend projections based on “trillions of data points” to anyone interested in “housing economies and property markets” (that’s the dry-as-melba-toast description of their focus area).
From time to time I come across their blog (the one with the exciting title of—wait for it— “Insights”). It’s worth reading because their national data has a track record of providing a fairly accurate profile—one we can compare with our local Jupiter housing market … (0 comments)

housing market: Why a Jupiter Home Auction Can Be Risky Business Auctions - 09/08/14 09:57 PM

Why a Jupiter Home Auction Can Be Risky Business Auctions Even though the housing market continues to trace an upward path, foreclosures do still occur—and Jupiter home auctions are sometimes the result. It means that there are still some good distress bargains to be had, particularly if you are interested in buying a home at auction.
Television shows like HGTV’s Flip or Flop portray the “nail-biting” drama and money-making side of buying a home at auction—sometimes inspiring home buyers to try their hand at the enterprise. But what is sometimes underplayed in such TV presentations is a fact well known … (0 comments)

housing market: Wellington Rental Homes Find Profit by Welcoming Lassie or Puff - 08/18/14 10:41 PM

Wellington Rental Homes Find Profit by Welcoming Lassie or Puff
Owning rental homes in Wellington may be a profitable venture, but sometimes the image of a landlord could use a little public relations boost. For instance, the cartoon version of a landlord is the opposite of pet-friendly. Lassie or Puff? Fuhgeddaboudit!
That parody landlord attitude might once have been pretty much on target—even in rental homes in Wellington —because many landlords have traditionally been automatically against pet ownership in their Wellington rental homes.
The legit reasons to exercise caution are real enough. Possible stains on carpets, scratched hardwood floors or … (0 comments)

housing market: Which Renovations Make Sense When Selling a Home a Palm Beach County Home - 08/13/14 01:07 AM

Which Renovations Make Sense When Selling a Home a Palm Beach County Home When you are selling a home in Wellington, two underlying unknowns are always present. How long it will take? Is one. The second is what will the final selling price be?
The answer to that second one at least partially depends on actions the person selling the home controls, since performing renovations and add-ons boosts a property’s salability. But which renovations add the most value? Even though considerable study has been given to the issue, for any given home it’s difficult to pin down which are most … (0 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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