First-Time Homebuyers Hits Lowest Point in 30 Years

Tweet this!The U.S. economy is improving, employment is growing and home prices are recovering, but first-time homebuyers are not returning to their normal, historical levels of homeownership. The percentage of these buyers fell to the lowest level in nearly three decades: 33% this year, down from 38% a year ago. The long-term average, dating back […]

Where is the Carmel Valley Market Headed?

carmel valley

Tweet this!Super Bowl Sunday has past. The Olympics are over. Now it’s Real Estate Time! What does that mean for Carmel Valley?  Let’s take a look at some key factors: Year over year appreciation in Carmel Valley (92130 zip code) stands at 15%. Average market times are 32 days – down from 61 days. The […]

FHA Makes it Harder to Qualify by Increasing Monthly Insurance

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Tweet this!Congress wasted no time in passing the bill H.R. 5981. This bill gives FHA the ability to modify it’s current annual mortgage insurance premium. The move will provide an addtional $300 Million to FHA’s Mutual Mortgage Insurance Fund. Below are the changes  that took place for FHA case numbers past October 4th, 2010: OLD […]

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