Real Estate, Mortgage, Housing and Investor updates

Fox Business news interview about Real Estate, Mortgage, Housing and investment property updates:

• Investors: They won’t sell while home prices are going up.
• Entry-level buyers:      30% of buyers are entry-level which is a typical number, but you would think the percentage would be higher given the recovery and the number of homeowners with no equity.
• Gen-Y Homeownership: We ballpark that they will achieve 5% lower due to high-debt.  More research is needed here.
• Normal Seasonal pickup:      Let’s not make a headline out of seasonally adjusted annual existing home sales being down 0.6% month over month.
• California Inventory:      Two (2) of our team members have received unsolicited offers on the      California homes they live in
• California Growth:      California’s housing market is hot, despite increasing reports from our      clients in Texas and Nevada that they are seeing a surge of affluent      Californians moving in to avoid the new 13.3% top tax rate.
• Southeast Lag: The Southeast      is late to the recovery partially because investors believe that price      appreciation will be less likely (note-our      Consulting SVP in Atlanta, David Kalosis, reports that the markets in Atlanta      and the Carolinas have improved dramatically this Spring).
• Fed Stimulus: How long will      the Fed keep buying $45 billion per month in mortgage securities to keep      rates down?
• Get in Now: At the risk of      sounding like a broken record, monthly housing payments are near all-time      lows and are trending up.
• Pent-up Demand: Consumers can now look in the rear view mirror and see that they should have bought 6 months ago. This should increase demand

Click to watch video on FoxBusiness

http://video.foxbusiness.com/v/2319015303001/will-housing-prices-go-up/?playlist_id=2319015303001

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