Housing Market Updates Archives - Santa Clarita Lender

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

by Linda Richardson | Nov 15, 2019 | First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Pricing, Rent vs. Buy

Some Highlights: Historically, the choice between renting and buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is...

This is Not 2008 All Over Again: The Mortgage Lending Factor

by Linda Richardson | Nov 14, 2019 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of low-down payment loans and down payment...

Buyer Demand Growing in Every Region

by Linda Richardson | Nov 13, 2019 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

Buyers are out in full force this fall, increasing the demand for homebuying in all four regions of the country. According to the latest ShowingTime Showing Index, “Home showing activity was up again nationwide with a 4.6 percent rise in traffic, as the traditionally...

Homeownership Rate Remains on the Rise

by Linda Richardson | Nov 12, 2019 | For Buyers, For Sellers, Housing Market Updates

In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market. The U.S. Census Bureau announced, “The homeownership rate of 64.8 percent was not statistically different from the rate in the third...

Forget the Price of the Home. The Cost is What Matters.

by Linda Richardson | Nov 7, 2019 | Housing Market Updates, Interest Rates, Pricing

Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic...

Thinking of Selling Your Home? The Waiting Is The Hardest Part.

by Linda Richardson | Oct 29, 2019 | For Sellers, Housing Market Updates

Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be...