Mortgage Updates

From my perspective 2012 has gotten off to a good start with brisk sales in some of the new home communities.  Many more home buyers are out shopping for a home and looking to make changes.  That is good news in the greater Sacramento area. 

I have seen an increase in buyers who already own coming out to buy again... To change their home location....moving up, downsizing or just making a change to a new home from the old tired neighborhood. -Refreshing!  That tells me that something is "working" right in the housing market.

It seems that veterans are recognizing the "perfect storm" as it pertains to housing.  The lowest rates... and the best prices for the best quality in new homes.

Of course, I love working with first time home buyers, but is is refreshing to see customers bringing 20% down payments to the table.  Buyers that don't need to sell the home they are currently living in and are able to carry both payments (for qualifying purposes) while converting this to a rental property.

Also, emerging are new "first time buyers".  these are the folks that lost homes to foreclosure 3 -4 years ago.  After giving so much of their hard earned income to the government (no mortgage interest to deduct) they are now back.  Tired of renting and paying uncle Sam... these customers are serious about finding the right home at the right price.

I say... "Welcome back"!