December 2015

Found 17 blog entries for December 2015.

The issue facing millennials and other first-time home buyers is whether it’s more economical to continue renting or to make the leap and purchase a home. To help determine that, renters need to identify their breakeven horizon — the number of years they will need to own and live in a home until it becomes more financially advantageous than renting the same home.

Current renters spend roughly 30 percent of their household income on housing; home buyers spend about 15 percent of their monthly income on a mortgage payment for a typical home.

Spending a bigger piece of the income pie on rent makes it hard to save for a down payment.

Although 20 percent is a recommended down payment, the graph below shows that even assuming only 5 percent down

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Rachel Stults

4:00 pm ET
December 7, 2015

monopoly-board-chance

Monopoly: Hasbro
Concept: Greg Chow

In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins.

When you make an offer on a home, it’s standard to throw in some contingencies—telling the seller that if the home isn’t up to snuff for a variety of reasons, you have the right to walk away from the deal—with all of your cash in hand.

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Please, Mr. Postman

Send me news, tips, and promos from realtor.com® and Move.

 

That’s all hunky-dory in a buyer’s market. But as the housing market has rebounded, buyers are getting

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RVINE, Calif. – Dec. 3, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its October 2015 U.S. Home Sales Report, which shows that among 94 major metro areas analyzed for the report, 33 markets (35 percent) have now reached new all-time home price peaks in 2015.

The report also shows that the median sales price of U.S. single family homes and condos in October was $207,500, up 1 percent from the previous month and up 10 percent from a year ago — the highest year-over-year percentage increase since February 2014.

The 10 percent increase in October 2015 came following 20 consecutive months of single-digit annual increases in median home sales prices and marked the 44th consecutive

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graduates

Graduation is time to celebrate and contemplate. .

You’ve packed up your dorm room, thrown your Frisbee into storage, and have bid adieu to those cumbersome textbooks. College has culminated, so what now? This exciting time in a young person’s life is ruled by one question: what’s next? For many, that answer takes quite a while to define.

Many millennials are open to moving back to their parents’ houses after college. But for some, moving home may not be a viable option or, at the very least, seems an undesirable path post-college. This is leading recent college grads to a fork in the road: should I rent or should I buy? With renting costs continuing to rise, many recent graduates are deciding on the latter.

So, as a recent college

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Fast Facts

Calif. median home price: California 2015:

  • California: $475,990
  • Calif. highest median home price by region/county: Marin, $1,207,140
  • Calif. lowest median home price by region/county: Kings, $183,330

Calif. Pending Home Sales Index: 
Pending home sales increased in October, with the Pending Home Sales Index (PHSI) rising 2.5 percent from a revised 110.7 in September to 113.4 in October 


Calif. Traditional Housing Affordability Index: Third Quarter 2015: 29 percent

Mortgage rates: Week ending 12/3/2015 (Source: Freddie Mac)

  • 30-yr. fixed: 3.93% fees/points: 0.6% 
  • 15-yr. fixed: 3.16% fees/points: 0.5% 
  • 1-yr. adjustable: 2.61% Fees/points: 0.3%
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IRVINE, Calif. – Dec. 3, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its October 2015 U.S. Home Sales Report, which shows that among 94 major metro areas analyzed for the report, 33 markets (35 percent) have now reached new all-time home price peaks in 2015.

The report also shows that the median sales price of U.S. single family homes and condos in October was $207,500, up 1 percent from the previous month and up 10 percent from a year ago — the highest year-over-year percentage increase since February 2014.

The 10 percent increase in October 2015 came following 20 consecutive months of single-digit annual increases in median home sales prices and marked the 44th consecutive

Read Full Post »

December 10, 2015

0 photodune-13133363-3d-rising-percentage-sign-s(800x400)  

We’ve all heard it – the US Federal Reserve will be hiking up interest rates very soon. But how will this affect the ever so fragile housing market? Not to worry, the rate increase isn’t expected to cause a crash.

As of late, the housing recovery has been pushed along by low interest rates, steady job growth and improving household finances. The year’s strong first half, despite a few weak months recently, shows that the housing market is ready to withstand the looming rate increase.

The National Association of Realtors’ report on pending home sales shows a positive trend. Pending home sales are a key tool in measuring buying momentum, measuring purchases of previously owned homes based on signed contracts,

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  Cal State Fullerton computer science student Mourad Kordab, left, and Mikhail Gofman, assistant professor of computer science, believe the university's newly announced Center for Cybersecurity can reduce the number and power of cyberattacks by educating and training others in cybersecurity. 

High demand for cybersecurity experts

• According to the United States Computer Emergency Readiness Team, there were about 5,500 cyberattack incidents reported by federal agencies in 2006.

• In 2014, that number rose to more than 67,000 reported cyberattacks.

• "This has created a job market for cybersecurity professionals," said Mikhail Gofman, Cal State Fullerton assistant professor of computer science and director of the

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Jobs in Orange County are on pace to grow at a healthy rate this year and next, but most local sectors have yet tofully recover from the Great Recession,according to a new analysis of the economy.

Payrollsin the county will expand by 3.2 percent this year and 2.5 percent in 2016, Chapman University economists predict in their annual forecast of the local, state and national economies.

Some 1,500 local businessmen and women attended a presentation of the forecast Wednesday at the Segerstrom Center.

The forecast is authored by James Doti, an economist who is also Chapman’s president, and Esmael Adibi, director of the university’s Anderson Center for Economic Research.

Orange County’s job growth today is “respectable,’ Adibi said in an interview

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