Market Update December 2017

Check out the latest news that might impact you as a home owner or someone in the Real Estate industry!  Home prices have been rising faster than they ever have over the past 3 years.  There is little in the economy that points to that rise slowing down any time soon.  The issue lies with affordability dropping and prices rising.  Two factors that may fix this issue are wage growth or a big uptake in home construction.  The future has yet to tell!

The latest tax reform will also impact home owners and new home buyers—both good and bad.

Be sure to watch the latest Market Update to find out more!

See Below for the New Loan Limits By County!


New Conventional Loan Limits Starting Jan 1!!

FHFA has just raised their standard loan limits to the amounts below:

Los Angeles and Orange County up to $679,650
Riverside and San Bernardino County up to $453,100

This means you’ll be able to:

  • Purchase a higher priced home with more financing options, possibly including lower rates
  • Refinance an existing, higher-rate “jumbo” loan and possibly drop mortgage insurance premiums, too
  • $453,100 with as little as 3% down
  • $679,500 with as little as 5% down!!

If you have any questions about what this change could mean for you, we’re here to help!

By |2018-09-08T06:28:08+00:00December 5th, 2017|Uncategorized|0 Comments