CCL Market Update: Mortgage Applications, Jobless Claims, Employment Situation, Consumer Sentiment

Mortgage Applications

Purchase applications for home mortgages rose by a seasonally adjusted 2 percent in the week of December 1st, while applications for refinancing increased by 9 percent. Without seasonal and prior week’s holiday adjustments the purchase index increased by 38 percent and was 8 percent higher than in the same week a year ago. The […]

By |December 11th, 2017|CCL Market Updates|0 Comments

CCL Market Update: New Home Sales, US ECI, FHFA House Price Index, S&P CoreLogic Case-Shiller HPI, Consumer Confidence, Mortgage Applications, Janet Yellen, GDP, Pending Home Sales, Beige Book, Jobless Claims, Personal Income & Outlays, Construction Spending

New Home Sales

New home sales have suddenly increased far surpassing the highest estimate for the second month in a row. New sales are up 6.2 percent in October to a 685,000 annualize rate and new expansion high. The downward revision to September is limited holding at an unusual gain of 14.2 percent to a 645,000 […]

By |December 4th, 2017|CCL Market Updates|0 Comments

FHFA Announces New Maximum Conforming Loan Limits for 2018

The Federal Housing Finance Agency (FHFA) announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017.

Baseline Limit

The Housing and Economic Recovery Act (HERA) […]

By |November 29th, 2017|Loan Program News|0 Comments

CCL Market Update: Mortgage Applications, Jobless Claims, Housing Market Index, Housing Starts, Tax Reform Bill

Mortgage Applications

Purchase applications for home mortgages rose a seasonally adjusted 0.4 percent in the week of November 10th, a marginal increase that put the purchase index a sharp 17 percent above its year ago level. Applications for refinancing rose 6.0 percent in the week, taking the refinancing share of mortgage activity to 51.3 percent, […]

By |November 20th, 2017|Uncategorized|0 Comments

California Legal Update: New Assessment Fees for California Real Estate Recordings

Overview

As of January 1, 2018, a required $75 assessment fee will be paid at the time of recording in addition to standard recording fees. The new law imposes a fee of $75 to be paid at the time of the recording of every real estate instrument, paper, or notice required or permitted by law to […]

By |November 14th, 2017|Loan Program News|0 Comments

3rd Quarter 2017: South County

South County
3rd Quarter 2017
(January-September)
* Due to changes in the NMLS we can no longer provide accurate statistics for cities in Santa Barbara County

 Nipomo

The only available city with accurate data in the South County is Nipomo, considered part of San Luis Obispo County and not Santa Barbara County

Nipomo 3rd Quarter 2017 vs. Nipomo 3rd Quarter […]

By |November 13th, 2017|SLO County Real Estate|0 Comments

3rd Quarter 2017: Scenic Coast

Scenic Coast
3rd Quarter 2017
(January-September)

Cambria
Cayucos
Los Osos
Morro Bay

The four beach cities that make up the Scenic Coast of San Luis Obispo County had the second highest prices for both median home price and price per square foot. Price per square foot on the Scenic Coast closely follows the Five Cities area’s price per […]

By |November 9th, 2017|SLO County Real Estate|0 Comments

3rd Quarter 2017: Five Cities

 Five Cities
3rd Quarter 2017
(January-September)

Arroyo Grande
Avila Beach
Grover Beach
Oceano
Pismo Beach

The Five Cities area of San Luis Obispo County had the highest average prices among any other region in the County, it had the highest average median home price and highest average price per square foot and contained the top two cities with […]

By |November 9th, 2017|SLO County Real Estate|0 Comments

3rd Quarter 2017: North County

North County
3rd Quarter 2017
(January-Septemeber)

Atascadero
Paso Robles
Santa Margarita
Templeton

The North Conunty had by far the most amount of sales with 941 total sales in the four cities that make up the area. It contains the two cities with the most sales in San Luis Obispo County: Paso Robles and Atascadero. The North County is […]

By |November 9th, 2017|SLO County Real Estate|0 Comments

3rd Quarter 2017: San Luis Obispo County

San Luis Obispo County
3rd Quarter 2017
(January-September)
The San Luis Obispo County includes data for all 15 cities that make up the county for the first 3 quarters (January-September) of 2017.

3rd Quarter SLO County 2017 vs. 3rd Quarter SLO County 2016

2,336 total number of sales (2017) vs. 2,168 (2016)
$642,717 average median home price (2017) vs. […]

By |November 8th, 2017|SLO County Real Estate|0 Comments