real estate: It's not just a housing revival!! - 03/25/13 05:16 PM
These days the media is full of headlines about housing taking the lead in the economic recovery. That's true, but the single minded emphasis on for-sale housing is misleading, when it seems to suggest that not much is happening in other real estate sectors.That's not true, because the apartment and condominium markets are also improving. Furthermore, the risk appetite among lenders and investors in the commercial sector is increasing with more vigor. What this means is that almost the whole real estate sector is now beginning to contribute to economic growth. No wonder, therefore, that the national construction sector added 48,000 … (1 comments)

real estate: Where are Mortgage Rates Headed? - 09/06/11 08:36 PM
 
Mortgage markets improved last week on a weak jobs report, expectation for new market stimulus, growing evidence of a global economic slowdown. Rates were especially volatile, too, with the long Labor Day Weekend looming.
Overall, conforming mortgage rates in California improved for the first time in 3 weeks. On a product-by-product basis, though, mortgage rates are faring differently.
According to the Freddie Mac weekly mortgage rate survey, last week, the 30-year fixed rate mortgage was unchanged but the 15-year fixed rate mortgage and the 5-year ARM fell.
The 5-year ARM is at a new all-time low for qualified borrowers.
A drop … (0 comments)

real estate: Home Values Rose In June 2011! - 09/02/11 07:59 PM
 

Has housing turned the corner for good?
The June 2011 Case-Shiller Index reading posted strong numbers across the board, with each of the index’s 20 tracked markets showing home price improvement from May.
Some markets — Chicago and Minneapolis — rose as much as 3.2 percent.
The rise in values is nothing about which to get overly excited, however. The Case-Shiller Index is just re-reporting what multiple data sets have already shown about the summer housing market; that it was stronger than the spring market, and that a recovery is underway, but occurring locally, at different rates.
For example, the … (3 comments)

real estate: Homebuilders Expect A Soft Winter Housing Market!! - 08/16/11 06:18 PM
 

Two months after posting their worst confidence reading of 2011, home builders say they foresee no improvement in the immediate- or medium-term market for new homes nationwide.
In August, for the second straight month, the Housing Market Index read 15.
The HMI is a monthly housing survey, published by the National Association of Homebuilders. It’s scored on a scale of 1-100 with readings over 50 suggesting favorable home builder conditions. Readings under 50 suggest unfavorable conditions.
The Housing Market Index has been below the 50-point benchmark since 2006.
To calculate the HMI, home builders are asked 3 separate questions, each addressing … (1 comments)

real estate: Foreclosures Sink To 4-Year Low! - 08/12/11 05:29 PM
 
Foreclosure activity continues to slow.
According to RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings nationwide fell 35 percent as compared to July 2010, a statistic suggesting that the housing market continues to improve.
“Foreclosure filing” is a catch-all term encompassing default notices, scheduled auctions, and bank repossessions.
Filings fell to a 44-month low in July 2011.
For all the improvement, though, activity remains concentrated in just a few states. More than half of all bank repossessions last month occurred in just a handful of states.
In July, 6 states accounted for 52% of activity.
California : 19% of … (7 comments)

real estate: Home Sales Have Heated Up! - 08/04/11 03:37 PM
 
Home sales have heated up, according to the National Association of REALTORS®.
More homes are going under contract this summer than went during the winter or spring seasons. Many of these homes are scheduled for late-August/early-September closings. 
If your home is among them, plan ahead. 
Like for the rest of the U.S. workforce, Labor Day is a popular vacation time in the real estate, title and mortgage industries. Closings come together more slowly when the parties involved are on holiday. In addition, when issues arise, they are often slower to resolve because not everyone is “present”. 
Therefore, if you’re under contract to … (2 comments)

real estate: Pending Home Sales Up For 3rd Straight Month! - 07/29/11 05:21 PM
 
Buyers are writing contracts at a furious pace nationwide.
On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March.
A “pending home sale” is a home under contract to sell, but not yet closed. 
The forward-looking Pending Home Sales Index is up 11 percent from its low of the year, according to the National Association of REALTORS®, and well ahead of its rolling 6-month average.
Unfortunately, national data isn’t always helpful for buyers and sellers in Newport Coast and nationwide. To help make data more relevant, therefore, the official Pending … (2 comments)

real estate: 16 of 20 Case-Shiller Cities Show Improvement In May! - 07/28/11 05:02 PM

Standard & Poors released its May 2011 Case-Shiller Index this week. The index measures change in home prices from month-to-month, and year-to-year, in select U.S. cities.
May’s Case-Shiller Index showed a 1 percent increase from April 2011. Home values rose in 16 of the Case-Shiller Index’s 20 tracked markets. Only Detroit, Las Vegas and Tampa fell. Phoenix was flat.
Don’t look too far into the findings, though. Like the FHFA’s Home Price Index, the Case-Shiller Index is rife with flaws.
The first flaw of the Case-Shiller Index is its limited geography. Despite being positioned as a national housing index, Case-Schiller … (1 comments)

real estate: Home Prices Rise For The 2nd Straight Month! - 07/22/11 06:17 PM
A strong spring season helped home values recover, says the government.
According to the Federal Home Finance Agency’s Home Price Index, home prices rose a seasonally-adjusted 0.4 percent from April to May.
It’s the HPI’s second straight increase, and puts the monthly index at its highest point since January 2011.
As a home seller in Laguna Beach , you may appreciate news such as “rising home prices”, but it’s important to remember that the Home Price Index has a several built-in flaws — the biggest of which its age.
Today, the calendar nearly reads August, yet, we’re still discussing May’s housing … (6 comments)

real estate: Existing Home Sales Fall To 8-Month Low! - 07/21/11 05:36 PM

Home resales slipped for the 3rd straight month, according to data from the National Association of REALTORS®.
The Existing Home Sales posted a 1 percent drop from May as the number of homes sold fell to a seasonally-adjusted, annualized 4.77 million units. It’s the monthly report’s lowest reading since November 2010.
The report also showed the national supply of homes for sales rising to 9.5 months — also its highest reading since November 2010.
Home Supply is the amount of time it would take to exhaust the complete home inventory at the current pace of sales.
June’s Existing Home Sales … (2 comments)

real estate: Led By Expectations Of A Strong Fall Season, Homebuilder Confidence Bounces Back!! - 07/19/11 07:07 PM
Homebuilder confidence is bouncing back.
One month after an unceremonious dip highlighted by poor sales figures and dim prospects for the future, the National Association of Homebuilder’s Housing Market Index rebounded two points to 15 in July.
The monthly Housing Market Index is scored on a 1-100 scale. Readings above 50 indicate favorable conditions for homebuilders and the “new home” market. Readings below 50 indicate unfavorable conditions.
The Housing Market Index has not read higher than 50 in more than 5 years.
As a housing metric, the HMI is actually a composite of three separate surveys, self-reported by builders. The surveys … (0 comments)

real estate: Mid-Year Review : Were The Experts Right About The Market? - 07/08/11 08:28 PM
The year is half-over. It’s an opportune time to take stock of analyst predictions made at the start of the year, and to recognize that the “experts” can be wrong as often as they are right.
For as much experience and authority an expert brings to the conversation, though, nobody can accurately predict the future.
As such, there’s often disagreement.
Looking back to December, some housing analysts called for a market rebound this year; while others called for a fall. With respect to mortgages, some said rates had nowhere to go but up; while others expected more dips.
As a layperson, how do you know who will be right?
In … (2 comments)

real estate: What To Know Before You Move To A New Neighborhood! - 07/06/11 05:11 PM
http://www.msnbc.msn.com/id/26184891/vp/43591720#43591720 (click here)
As home buyers in the Newport Coast area , we tend to research homes a lot. We look at square footage; at upgrades; at landscaping; at community statistics; and, at every other “number” on which we can get our hands.
But those are just statistics. What about the home’s “feel”? 
In this 5-minute piece from NBC’s The Today Show, you’ll learn a dozen complementary home-shopping techniques to help you review and evaluate a home for purchase. Each is focused on findings you won’t see listed on a website.
For example, instead of scheduling your second showing for the … (10 comments)

real estate: Pending Home Sales Unexpectedly Spike In May!! - 06/30/11 06:04 PM
The summer housing market is heating up.
According to data from the National Association of REALTORS®, the Pending Home Sales Index smashed analyst expectations, jumping 8 percent on a monthly basis in May. 
Wall Street calls were for an increase of just 0.5 percent. 
It was a surprise result that, coupled with the recent stronger-than-expected New Home Sales and Existing Home Sales readings, has sparked housing market optimism in California and nationwide.
The biggest reason for the optimism is because of what the Pending Home Sales Index measures. 
In contrast to “traditional” housing data which reports on how housing performed two … (4 comments)

real estate: Home Values Climb 0.8 Percent In April! - 06/29/11 05:00 PM

Maybe homes in Irvine are holding value better than we thought.
Between March and April of this year, home values rose 0.8 percent nationally, according to the Federal Housing Finance Agency’s Home Price Index. It’s the index’s first month-to-month improvement since May of last year.
Values are down 19 percent since peaking 4 years ago.
Private-sector data affirms the government’s report. 
Tuesday, the S&P’s Case-Shiller Index also showed home values higher by 0.8 percent in April, on a monthly basis. Led by Washington, D.C. and San Francisco, 13 of the Case-Shiller’s 20 tracked markets showed improvement in April. 
In March, just … (1 comments)

real estate: Top 25 Least Expensive U.S. Cities! - 06/28/11 01:02 PM
A report issued Monday by the U.S. government showed core inflation rising 2.5 percent in the last 12 months for its biggest one-year gain since January 2010.
Everyday living is becoming expensive, it seems.
But there are some U.S. towns in which the cost of living remains affordable — and downright cheap — as compared to the national average. They’re detailed in a BusinessWeek piece titled “The Cheapest 25 Cities In The U.S“.
In comparing costs across 340 urban areas as compiled by the Council of Community & Economic Research, cities in Texas, Arkansas, Tennessee and Oklahoma ranked consistently high. Cities … (2 comments)

real estate: New Home Supplies Drop, And So Does Homebuilder Confidence! - 06/25/11 08:59 PM
On paper, the market for newly-built, single-family homes looks healthy.
Last month, the number of new homes sold on an annualized, seasonally-adjusted basis tallied 319,000. The May reading is the second-highest of the year, and 6 percent above the current 12-month average.
These are strong numbers in isolation. However, after accounting for the dwindling supply of new homes for sale as well, the figures look even stronger.
In May, at the current pace of sales, the complete, national inventory of new homes for sale would have been sold in just 6.2 months. 
That’s the quickest pace in a year and a … (0 comments)

real estate: Existing Homes Sales Slip In May - 06/22/11 05:36 PM
Home resales slipped 4 percent in May, falling below the 5,000,000-unit mark on a seasonally-adjusted, annualized basis for the first time since February.
April’s resales were revised lower, too.
Analysts were surprised by the figures because it runs counter to the National Association of REALTORS® monthly Pending Home Sales reports.
The association’s Pending Home Sales Index is purported to be a forward-looking indicator for the housing market because 80% of homes under contract close within 60 days and recent Pending Home Sales readings show an increase in “pending” homes.
This month’s Existing Home Sales, however, fell flat.
May’s drop in home resales wasn’t limited … (0 comments)

real estate: Homebuilder Confidence Slips To 9-Month Low - 06/22/11 05:35 PM
Despite rising new home sales and an increase in building permits nationwide, home builder confidence slipped to a 9-month low in June. The monthly Housing Market Index from the National Association of Homebuilders registered 13 this month — three ticks lower than last month, and its lowest level since September 2010.
June’s 3-point drop from May is the biggest one-month move since May 2010, the month after the expiration of the federal home buyer tax credit. The retreat could signal favorable pricing for new home buyers in Newport Coast in the months ahead.
When builders get less bullish on housing, they … (0 comments)

real estate: Housing Starts Climb Unexpectedly In May! - 06/17/11 07:58 PM
The housing market received a jolt of good news Thursday. The Commerce Department reports that Single-Family Housing Starts improved in May.
As compared to April, last month’s Single-Family Housing Starts rose 4 percent to a seasonally-adjusted, annualized rate of 419,000 units, a figure slightly better than the 6-month average and the highest tally since January.
A “housing start” is defined as a home on which new construction has started.
In addition, Building Permits saw a boost in May, too, climbing nearly 9 percent overall. Building Permits are a gauge of future construction activity with 89 percent of permits leading to new … (3 comments)

 
Tiffany Taylor, Platinum Funding Group (Platinum Funding Group, Inc.NMLS-243033)

Tiffany Taylor

Platinum Funding Group

Irvine, CA

More about me…

Platinum Funding Group, Inc.NMLS-243033

Address: 6789 Quail Hill Parkway, Suite 718, Irvine, Ca, 92603

Office: 888-537-7007

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog