Ladera Ranch Real Estate Blog

You’ll find the Ladera Ranch Real Estate blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. Please reach out if you have any questions at all. We’d love to talk with you!

July 17, 2018

Ladera Ranch Lender | July Rates Update

Economy News
Consumer prices barely rose in June, but the underlying trend points to inflation. Rising inflation will likely lead to more Fed rate increases and higher rates. Producer prices rose more than expected in June, another factor pointing to inflation. This jump was the largest annual increase in 6 1/2 years. Although trade war concerns have escalated, there’s not a lot of fear that this will hurt the economy. In the meantime, mortgage rates have remained the same.

Housing News 
Homeowners have an estimated $5.8 trillion in accessible equity, the highest ever recorded. Despite this, fewer owners are taking cash out that in previous eras. Inventory remains tight, but could loosen up a bit in the near future. Inventory increased 12.2% in the 2nd quarter, the biggest gain since early 2015. Although refinance applications were down last week, purchase applications rose 7% for the week and were 8% higher than the same week a year ago.

Check out these great rates and give me a call today!

Conforming 30 year fixed 4.500%
Conforming 15 year fixed 4.250%
Jumbo 30 year 4.250%
Jumbo 30 year 5/1 ARM 4.000%
FHA 30 year 4.500%
VA 30 year 4.500% 

Need a loan preapproval? Give us a call:  Diversified Capital Funding
Eric Muller - Mortgage Loan Officer, 925-708-0957, Eric@divcap.net
Ladera Ranch Lender

July 6, 2018

Ladera Ranch Real Estate Market Update 7/6/18

The real estate market has cooled slightly as we've entered the summer months. In Ladera Ranch there are 106 homes for sale right now up from 92 homes two months ago. 73 of the homes for sale are single family residences, 24 are condominiums, and 9 are townhomes. Out of the 73 homes for sale 71 of them are standard sale or equity sales, there is 1 short sale and no bank owned homes. The home inventory has remained low for the last year but has continues to increase as we've gone into summer. Over 70% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are predicting home price to continue to rise throughout the year for southern California. Increase in home prices are attributed to the low inventory. Home loan rates remain relatively low with the average rate for a 30-year fixed mortgage around 4.750 - 4.80%.

The average price of a home for sale in Ladera Ranch is now $1,333,051. The average days a home is on the market in Ladera Ranch has increased from 67 days of inventory to now be 71 days. The home inventory has increased as we enter the Summer market which is typically slower than Spring. The inventory has slightly increased to around 2.6 months of home supply as the current buying pace. An inventory of 3-4 months of supply is considered the average, so at only 2.6 months of supply we are still in a sellers market. The average sold price verse the average list price remained relatively the same around 98.62%. I'd recommend being pre-approved for a home loan before looking at any homes in person.

If you want a free broker price opinion of what your home could sell for or interested in looking at the homes currently for sale give me a call 949-412-3515 Scott Bingham.

June 14, 2018

Sky Ranch Development in Covenant Hills Ladera Ranch

The New Home Company has announced the Sky Ranch development open for pre-sale. Sky Ranch will be the newest and final new home development in the gated community of Covenant Hills in Ladera Ranch. There will be a total of 28 homes in the development featuring modern farmhouse styles. What makes Sky Ranch unique is the fact all the homes will be single level. This makes Sky Ranch the only neighborhood in Ladera Ranch to have single level homes. Homes will range in size from 4,000 - 5,000 square feet of living space with up to 6 bedrooms and 6 1/2 baths. Prices for the first phase of homes is estimated to range from $1.5M - $2.2M depending on size, options, and upgrades. Home sites will be around 10,000 square feet of space which leaves plenty of room for outdoor living with pools, gazebos, and more. If you have any questions about Sky Ranch or want to schedule a tour, contact us today. 

June 5, 2018

Ladera Ranch Lender | June Rates Update

Economy News
First quarter economic growth was solid through slightly lower than expected at 2.2%. An improving economy can pressure high rates. Mortgage rates improved as overseas investors took to the safety of U.S. bonds. Political turmoil in Italy was the largest catalyst as their markets crashed. The labor market continues to tighten, with unemployment at a 17 year low of 3.9%. A strong labor market is supportive of a Fed rate increase in June. Consumer spending increased in May, amid rising inflation. Inflation and a strong labor market will likely lead to a Fed rate increase at Junes FOMC meeting.

Housing News 
Home price gains may be slowing down as mortgage rates creep up. March prices were unchanged compared to February. Even still, values rose 6.5% nationally over last year. Housing prices are now 7.8% above their previous peak during the housing boom Pending home sales fell 1.4% in April compared to March. Most economists blame low inventory rather than slightly higher mortgage rates as the cause of 2006.

Check out these great rates and give me a call today!

Conforming 30 year fixed 4.500%
Conforming 15 year fixed 4.125%
Jumbo 30 year 4.500%
Jumbo 30 year 5/1 ARM 4.250%
FHA 30 year 4.625%
VA 30 year 4.375% 

Need a loan preapproval? Give us a call:  Diversified Capital Funding
Eric Muller - Mortgage Loan Officer, 925-708-0957, Eric@divcap.net

Eric Muller Lender

May 14, 2018

Ladera Ranch Real Estate Market Update 5/14/18

Happy Mother's Day to all the mom's out there. The real estate market is still going strong as we enter the Spring sales market. In Ladera Ranch there are 92 homes for sale right now slightly up from 82 homes two months ago. 66 of the homes for sale are single family residences, 15 are condominiums, and 11 are townhomes. Out of the 92 homes for sale 90 of them are standard sale or equity sales, there aren't any short sales but there's 1 bank owned home. The home inventory has remained low for the last year but has opened up a little with the Spring selling season. Over 75% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are predicting home price to continue to rise throughout the year around 3-6% for Orange County. Increase in home prices are attributed to the low inventory and high buyer demand throughout southern California. Home loan rates remain relatively low with the average rate for a 30-year fixed mortgage around 4.750 - 4.80%.

The average price of a home for sale in Ladera Ranch is now $1,394,558. The average days a home is on the market in Ladera Ranch has slightly increased from 63 days of inventory to now be 67 days. The home inventory has increased as we enter the Spring selling months. The inventory has slightly increased to around 2.4 months of home supply as the current buying pace. An inventory of 3-4 months of supply is considered the average, so at only 2.4 months of supply we are in a sellers market. The average sold price verse the average list price remained relatively the same around 98.88%. If your looking to buy a home right now there isn't is a decent amount of buyer competition. Many homes in the $1M and below segment of the market are getting multiple offers in the first week or two if the property is priced correctly. I'd recommend being pre-approved for a home loan before looking at any homes in person.

If you want a free broker price opinion of what your home could sell for or interested in looking at the homes currently for sale give me a call 949-412-3515 Scott Bingham.

May 7, 2018

Ladera Ranch Lender | May Rates Update

Economy News
Members of the Fed expressed expectations that inflation will continue to rise this year. Higher inflation will likely contribute to higher mortgage rates. The 10-yr Treasury broke the 3% yield mark for the first time since 2014. While inflation is growing domestically, lack of inflation is still a concern overseas. The European Central Bank is continuing economic stimulus, helping to keep rates lower here. After 3 months of declines, retail sales were up in march. The increase was fueled by auto sales and big ticket household purchases. Consumer confidence rebounded in April, pointing to underlying strength in the economy. Strong confidence is likely to fuel an increase in consumer spending.

Housing News 
New home sales, which account for 11% of the housing market, increased 4% in March. That’s an 8.8% increase from a year ago, a considerable jump. April housing stats were up even more than expected. The increase included a rebound in multi-family home construction. The number of homeowners benefiting from the mortgage tax break is expected to drop by half in 2018. Only about 20% of all taxpayers have used the break in recent years.

Check out these great rates and give me a call today!

Conforming 30 year fixed 4.750%
Conforming 15 year fixed 4.375%
Jumbo 30 year 4.250%
Jumbo 30 year 5/1 ARM 3.875%
FHA 30 year 4.750%
VA 30 year 4.750% 

Need a loan preapproval? Give us a call:  Diversified Capital Funding
Eric Muller - Mortgage Loan Officer, 925-708-0957, Eric@divcap.net
Ladera Ranch Lender

April 9, 2018

Ladera Ranch Lender | April Rates Update

Economy News
Factory activity slowed in March, but growth in the manufacturing sector is still going strong. More Companies shows signs of expanding that shrinking. Tariffs on goods from china continued to dominate the headlines this week. Trade war concerns have helped keep mortgage rates from rising. Jobless claims were up on the week, but jobless rolls fell to the lowest level since 1973. A tightening labor market could boost wage growth, leading to inflation. 

Housing News 
Construction spending was up in February after being unchanged in January, spending on private residential projects increased .7% after falling in January. Home buyers are blowing their dream budgets to snag their dream houses as prices rise. A third of buyers spent an average of 16k more than they planned. Rising home prices may keep some out of the market. A recent Freddie Mac survey finds 67% of current renters view renting as more affordable than owning.

Check out these great rates and give me a call today!

Conforming 30 year fixed 4.500%
Conforming 15 year fixed 4.125%
Jumbo 30 year 4.500%
Jumbo 30 year 5/1 ARM 3.875%
FHA 30 year 4.500%
VA 30 year 4.375% 

Need a loan preapproval? Give us a call:  Diversified Capital Funding
Eric Muller - Mortgage Loan Officer, 925-708-0957, Eric@divcap.net

March 21, 2018

Ladera Ranch Real Estate Market Update 3/21/18

Today is officially the first day of Spring and although the weather isn't hot today, the real estate market is on fire! In Ladera Ranch there are 82 homes for sale right now slightly up from 63 homes two months ago. 64 of the homes for sale are single family residences, 15 are condominiums, and 4 are townhomes. Out of the 82 homes for sale all of them are standard sale or equity sales, there aren't any short sale or bank owned homes. The home inventory has remained low for the last year. Over 80% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are predicting home price to continue to rise throughout the year around 3-6% for Orange County. Increase in home prices are attributed to the low inventory and high buyer demand throughout southern California. Home loan rates remain relatively low with the average rate for a 30-year fixed mortgage around 4.50 - 4.80%.

The average price of a home for sale in Ladera Ranch is now $1,482,465. The average days a home is on the market in Ladera Ranch has decreased from 89 days of inventory to now be 63 days. The home inventory has increwased as we enter the Spring selling months. The inventory has slightly increased to around 2.3 months of home supply as the current buying pace. An inventory of 3-4 months of supply is considered the average, so at only 2.3 months of supply we are in a strong sellers market. The average sold price verse the average list price remained relatively the same around 98.9%. If your looking to buy a home right now there isn't a lot of inventory to look at and the competition is substantial. Many homes are getting multiple offers in the first week or two if the property is priced correctly. I'd recommend being pre-approved for a home loan before looking at any homes in person.

If you want a free broker price opinion of what your home could sell for or interested in looking at the homes currently for sale give me a call 949-412-3515 Scott Bingham.

March 1, 2018

Ladera Ranch Lender | Home Loan Rates

Economy News
The new Fed Chair Jerome Powell appeared for his first time in front of Congress this week. His upbeat economic views moved markets and put pressure on current rates. Consumer prices increased in January, and inflation had its largest gain in 12 months. Inflation pressures rates higher, including mortgage rates. The labor market continues to show strength as well. Filings for unemployment benefits fell last week to the lowest in almost 50 years. 

Housing News 
Home prices accelerated in December, according to a recent Case-Shiller report. Prices were up 6.4% year-over-year with continued strong buyer demand. Pending home sales were down almost 5% in January. However, the drop is like due to tight inventory and poor weather rather than increased mortgage rates. Buyer traffic was strong in January, but listings fell to an all-time low, down almost 10% year-over-year. Which, can continue to file price gains.

Conforming 30 year fixed 4.750%
Conforming 15 year fixed 4.500%
Jumbo 30 year 4.500%
Jumbo 30 year 5/1 ARM 4.125%
FHA 30 year 4.990%
VA 30 year 4.875% 

Need a loan preapproval? Give us a call:  Diversified Capital Funding
Eric Muller - Mortgage Loan Officer, 925-708-0957, Eric@divcap.net

Feb. 8, 2018

Ladera Ranch Lender | Home Loan Rates Slightly Increase

Economy
The Fed did not raise policy rates at last weeks Federal Open Market Committee (FOMC) meeting, but we are expecting a likely increase when they meet in March. Consumer spending increased in December, reflecting a strong labor market. Supported by a growing economy, inflation pushes rates (including mortgage rates) higher. Mortgage rates have consistently crept up a little each week through 2018, hitting 4-year highs. Even still, rates are historically low. For 2018 it is likely the Fed will raise policy rates. Consequently, mortgage rates will likely increase slightly this year as well. If you're planning on purchasing a home this year sooner is better than later to lock in a lower rate.

Housing 
National home prices continued their run higher in November, rising 6.2% annually. Home prices are rising more than three times faster than the rate of inflation. Even with tight inventory, pending home sales were up 0.5% in December over November. The supply of homes for sale is at its lowest level since 1999. in our local market our inventory of homes is at a 5 year low making it a sellers market.

Conforming 30 year fixed 4.750%
Conforming 15 year fixed 3.375%
Jumbo 30 year 4.500%
Jumbo 30 year 5/1 ARM 4.250%
FHA 30 year 4.875% | VA 30 year 4.500% 

Need a loan preapproval? Give us a call:  Diversified Capital Funding
Eric Muller - Mortgage Loan Officer, 925-708-0957, Eric@divcap.net

 Ladera Ranch Lender