Real Estate Newsletter

Author: Perry Crosbie | Anaheim Real Estate Agent

In this edition of my Orange County Real Estate Unplugged Newsletter, we will be covering some very interesting topics I have been reading about and would like to share with you. Even if you are not looking to buy a home or sell your house or property in the near future, you like so many others often like to stay informed of the housing market.

Real Estate is a very fluid industry that can change in a matter of weeks sometimes, and it is better to be ahead of the curve rather than behind it trying to catch up. The best way to stay ahead of the curve in Real Estate is with reliable information. It is in this spirit that I offer this newsletter.

Please keep in mind when you read these articles, that there is no “One Size Fits All” in Real Estate. What you read about as a solution to a problem may NOT solve your particular problem, or other stories may not apply to you at all. Please be aware of this fact, and seek the services of a professional before making any Real Estate related decisions. 

How confident are Americans in getting a mortgage?
Source: Housing Wire

Consumer attitudes toward the economy are improving along with Americans’ confidence in their ability to obtain a mortgage. According to Fannie Mae’s January 2014 national survey, 52 percent of consumers said they could easily get a mortgage, which is an increase of two percentage points and all-time survey high. Optimistic views toward personal finances and improved access to mortgages bode well for the housing recovery and may be contributing to this month’s increase in consumers’ intention to buy rather than rent their next home.

Making sense of the story:

• According to the survey results, 44 percent of respondents expect their personal financial
  situation to improve in the next year, continuing an upward trend since November 2013.
• The share of respondents who said the economy is on the right track increased 8 percentage
  points from last month to 39 percent.
• Respondents who said it is a good time to sell a house increased 5 percentage points from last
  month to 38 percent.
• Fifty-five percent of respondents said mortgage rates will go up in the next 12 months, which is a decrease of two percentage points.

To read the rest of this Real Estate Newsletter, please visit PerryCrosbieRealtor.Blogspot.com .