Ladera Ranch Market Update  

The month of May lands during the height of the real estate season for home sales in southern California. Buyer demand has increased as we've entered the busy season, and more homes are coming on the market for sale. In Ladera Ranch there are now 127 homes for sale, up from 111 homes a month ago. 82 of the homes for sale are single family residences, 33 are condominiums, and 12 are townhomes. Out of the 127 homes for sale 122 of them are standard sale or equity sales, 2 homes are up for auction, 1 home is a Trust sale, there are no short sales, and no bank owned homes. Around 64.5% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are expecting home price to level off this year throughout southern California.  Home loan rates recently dropped to a 12 month low. The average rate for a 30-year fixed mortgage around 4.85 - 5.00%. The FED recently announced it has changed it's mind and has said it doesn't plan anymore rate increases this year.

The average price of a home for sale in Ladera Ranch is slightly down at $1,261,173. The average price in slightly up from last month with more condos/townhomes on the market. The average days a home is on the market in Ladera Ranch has decreased from 78 days of inventory to now be 76 days. Home inventory has increased as we've entered the busy season of real estate. The inventory has increased to around 3.40 months of home supply at the current buying pace. An inventory of 3-4 months of supply is considered the average, so at 3.40 months of supply it's a healthy market and not favoring sellers or buyers. The average sold price verse the average list price remained relatively the same around 98.00%.

If you want a free property valuation 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.

Ladera Ranch Market Update  

April is statistically one of the busiest months for home sales in Ladera Ranch. Buyer demand has increased as we've entered the busy season, and more homes are coming on the market for sale. In Ladera Ranch there are now 111 homes for sale, up from 83 homes a month ago. 67 of the homes for sale are single family residences, 34 are condominiums, and 10 are townhomes. Out of the 111 homes for sale 100 of them are standard sale or equity sales, 1 home is an auction, there are no short sales, and no bank owned homes. Around 62% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are expecting home price to level off this year throughout southern California.  Home loan rates recently droped to a 12 month low. The average rate for a 30-year fixed mortgage around 4.85 - 5.00%. The FED recently announced it has changed it's mind and has said it doesn't plan anymore rate increases this year.

The average price of a home for sale in Ladera Ranch is slightly down at $1,243,306. The average price in down from last month due to there being more condos/townhomes on the market. The average days a home is on the market in Ladera Ranch has decreased from 99 days of inventory to now be 78 days. Home inventory has increased as we've endered the busy season of real estate. The inventory has increased to around 3.25 months of home supply at the current buying pace. An inventory of 3-4 months of supply is considered the average, so at 3.25 months of supply it's a healthy market and not favoring sellers or buyers. The average sold price verse the average list price remained relatively the same around 97.85%.

If you want a free property valuation 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.

Ladera Ranch Market Update  

In the last month it seems we've seen another shift in the Ladera Ranch real estate market. Buyer demand has actually reversed and buyer demand has increased. As a result the number of homes on the market hasn't increased as expected. In Ladera Ranch there are 83 homes for sale right now down from 88 homes a month ago. 53 of the homes for sale are single family residences, 24 are condominiums, and 6 are townhomes. Out of the 83 homes for sale 81 of them are standard sale or equity sales, 2 are short sales, and no bank owned homes. Around 66% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are expecting home price to level off this year throughout southern California.  Home loan rates remain relatively the same as the end of last year with the average rate for a 30-year fixed mortgage around 4.90 - 5.15%. The FED announced it plans to raise rates 3 times throughout  2019.

The average price of a home for sale in Ladera Ranch is slightly down at $1,326,221. The average days a home is on the market in Ladera Ranch hasn't changed much from 97 days of inventory to now be 99 days. Most realtors are expecting home inventory to increase as buyer demand slows this year. But a recent shift has muted that market indicator. The inventory has decreased to around 3.07 months of home supply at the current buying pace. An inventory of 3-4 months of supply is considered the average, so at 3.07 months of supply it's a healthy market and not favoring sellers or buyers. The average sold price verse the average list price remained relatively the same around 97.71%.

If you want a free property valuation 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.

Ladera Ranch Market Update  

The southern California real estate market seems to be going into a transitional period. Buyer demand has slowed and homes are staying on the market for longer than they were a year ago. This year looks like it's going to be the year that we officially shift from a sellers market to a buyers market. In Ladera Ranch there are 88 homes for sale right now down from 96 homes a month ago. 63 of the homes for sale are single family residences, 21 are condominiums, and 4 are townhomes. Out of the 88 homes for sale 84 of them are standard sale or equity sales, there is 4 short sale, and no bank owned homes. Around 71% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are expecting home price to level off this year throughout southern California.  Home loan rates remain relatively the same as the end of last year with the average rate for a 30-year fixed mortgage around 4.90 - 5.15%. The FED announced it plans to raise rates 3 times throughout  2019.

The average price of a home for sale in Ladera Ranch is slightly down at $1,378,005. The average days a home is on the market in Ladera Ranch hasn't changed much from 98 days of inventory to now be 97 days. Most realtors are expecting home inventory to increase as buyer demand slows this year. The inventory has increased to around 3.97 months of home supply at the current buying pace. An inventory of 3-4 months of supply is considered the average, so at 3.97 months of supply it's a healthy market and not favoring sellers or buyers. The average sold price verse the average list price remained relatively the same around 98.11%.

If you want a free property valuation 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.

What are your predictions for the real estate market in Ladera Ranch in 2019?

In 2018 homes prices increased 7% in California to an average price of $575,800 according to the California Association of Realtors. They're also forecasting the sales market to slow down this year with prices only increasing an estimated 3.1%. Here's what they had to say about this years market "A combination of high home prices and eroding affordability is expected to cut into housing demand and contribute to a weaker housing market in 2019, and 2018 home sales will register lower for the first time in four years, according to a housing and economic forecast released today by the CALIFORNIA ASSOCIATION OF REALTORS®' (C.A.R.)."

This year i'm expecting the market to slow down a little with less transactions occurring and homes staying on the market for longer as buyer demand wains. So what I believe we're seeing is a sellers market transitioning into a buyers market. So right now it's not a sellers market and it's not a buyers market; it's somewhere in the middle. So sellers should expect to negotiate a little more on price with buyers this year. We should also see an increase in the number of properties on the market with longer days on market.

Many analysts are expecting home loan rates to rise in 2019 as well. The Fed is expected to raise rates 2 or 3 more times throughout the year. According to C.A.R. the average for 30-year, fixed mortgage interest rates will rise to 5.2% in 2019, up from 4.7% in 2018 and 4.0% in 2017, but will still remain low by historical standards.

If you'd like a free home valuation to see what it could sell for get in contact. If your looking to sell or buy give us a call today to begin your search Scott Bingham, Realtor 949-412-3515.

New Conforming Loan Amounts Announced

Every year, the Federal Housing Financing Agency (FHFA) determines and announces what the “conforming” loan limits will be for each county. The loan limits generally follow the average cost of living trends, so it’s no surprise that the new loan limits for 2019 will be higher than they currently are (see below for county-specific numbers).

“Cool, but what does this mean for me?”  Well, I’m glad you asked. Any mortgage loan amount that falls at or under the county maximum loan limit will be able to be underwritten to a federally-standardized set of guidelines, published by Fannie Mae and Freddie Mac. These conforming loans are generally much easier to qualify for than “jumbo” loans (loan amounts above the county conforming loan limit), specifically when it comes to maximum debt-to-income ratios, employment history, and reserve requirements.

What’s Up With Rates?

As you probably know by now, mortgage interest rates have been on a steady rise since November 2016 and we should continue to see them rise, gradually, through 2019. Why? The Fed has been consistently raising their rates (three rate hikes this year, so far, with one more all-but-guaranteed hike in December) in response to a strong economy and low inflation figures. The Fed rates have been a hot topic as of late due to President Trump’s outspoken opposition to the Fed hiking rates any further. As of now, the Fed is forecasting three additional hikes in 2019. While mortgage interest rates don’t jump in harmony with the Fed rate hikes, they do tend to follow similar trend lines as one another. All this means to you, the homebuyer, is that you should expect to see mortgage rates continue to rise. If you’re on the fence, it’s time to take the leap!

Today’s Interest Rates*

Conforming 30 Year Fixed: 5.125% Rate / 5.212% APR
Conforming 15 Year Fixed: 4.500% Rate / 4.585% APR
Jumbo 30 Year Fixed: 4.625% Rate / 4.701% APR
Jumbo 7/1 ARM: 4.000% Rate / 4.074% APR
FHA 30 Year Fixed: 5.000% Rate / 5.515% APR
VA 30 Year Fixed: 4.990% Rate / 5.090 % APR

*rates shown are based on 20% down payment, 740+ FICO, are subject to change, and are according to market conditions as of November 27, 2018.

Want to know more?
I would love to chat about this with you some more. I absolutely love what I do and get excited “geeking out” about the mortgage industry! If you’re ready to find out what your purchasing power is and what it could look like to purchase, feel free to give me a call, shoot me a text, or email me any time:

Ladera Ranch Market Update  

The real estate market hasn't changed much since our last update a month ago. In Ladera Ranch there are 96 homes for sale right now down from 99 homes a month ago. 68 of the homes for sale are single family residences, 21 are condominiums, and 7 are townhomes. Out of the 96 homes for sale 92 of them are standard sale or equity sales, there is 3 short sale, and 1 bank owned home. The first half of the year the home inventory was lower but now its begun to stabilize with the decreased buyer demand. Around 70% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are expecting home price to level off for the remainder of the year in southern California.  Home loan rates remain relatively the same as last month with the average rate for a 30-year fixed mortgage around 4.85 - 4.95%. Most realtors and lenders are expecting the FED to raise rates 3 times throughout  2019.

The average price of a home for sale in Ladera Ranch is slightly down at $1,265,680. The average days a home is on the market in Ladera Ranch has increased from 84 days of inventory to now be 98 days. The home inventory has increased in the last month as homes are staying on the market longer as buyer demand dips during the holiday season. The inventory has increased to around 3.10 months of home supply at the current buying pace. An inventory of 3-4 months of supply is considered the average, so at 3.10 months of supply it's a healthy market and not favoring sellers or buyers. The average sold price verse the average list price remained relatively the same around 98.3%.

If you want a free property valuation 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.

Ladera Ranch Market Update  

The real estate market hasn't changed much since our last update. In Ladera Ranch there are 99 homes for sale right now down from 110 homes a month ago. 69 of the homes for sale are single family residences, 22 are condominiums, and 8 are townhomes. Out of the 99 homes for sale 97 of them are standard sale or equity sales, there is 1 short sale, and 1 bank owned home. The first half of the year the home inventory was lower but now its begun to stabilize with the decreased buyer demand. Around 70% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are expecting home price to level off for the remainder of the year in southern California.  Home loan rates remain relatively low but saw minor increases with the average rate for a 30-year fixed mortgage around 4.85 - 4.95%.

The average price of a home for sale in Ladera Ranch is now $1,321,023. The average days a home is on the market in Ladera Ranch has increased from 77 days of inventory to now be 84 days. The home inventory has decreased in the last month as less homes are coming up for sale as we enter the slower real estate sales months. The inventory has decreased to around 2.65 months of home supply at the current buying pace. An inventory of 3-4 months of supply is considered the average, so at only 2.65 months of supply it's a slight sellers market. The average sold price verse the average list price remained relatively the same around 98.4%.

If you want a free property valuation 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.

The Real Housewives of Orange County Star Tamra Judge has listed her home for sale in Ladera Ranch. The home is located in the prestigious gated community of Covenant Hills in Ladera Ranch. Covenant Hills is luxury home community of Ladera Ranch with homes that range up to the $6 Million dollar mark. Tamra Judge's home is listed for $1,799,000 and is a 5 bedrooms, 4 1/2 baths, with 3,930 sqft of living space. The home was just recently remodeled including stainless steel appliances, quartz counter tops, Carrara marble herringbone back-splash, and more. The home also features as over-sized entertainers lot with pool, spa, and outdoor covered loggia that also features a built-in BBQ and "sunk-in" living room style seating with fireplace and endless panoramic sunset views.

The home just went into escrow after being on the market for only 7 days! If you'd like to see the homes for sale in Covenant Hills or anywhere in Ladera Ranch give us a call!

Economy News
It’s been an interesting month. Not one, but TWO companies reached an unprecedented milestone of having a $1 Trillion market cap (Apple and Amazon). As stocks and the economy in general continue to break all-time records again and again, the Feds (FOMC) continues to stand behind their projections for implementing four interest rate hikes for the calendar year of 2018. With 2 of those hikes in the past, we are expecting to see hike #3 soon. Before panicking, take a look at the Fed Funds Rate over the last 60 years. You’ll see we’ve been spoiled since the crash in 2008.

Housing News 
Finally, a shift! It’s been a tough couple of years to be a buyer in Orange County due to a crippling shortage of homes available to buy. Whether you blame foreign investors buying up real estate with cash or you blame the economy’s growth outpacing the price of homes, it’s been a tough time for those seeking to get into the market for the first time. Over the past 6 weeks, Orange County has seen a drastic increase in average days on market and number of homes listed. What does this mean? You, the buyer, finally have some leverage during the negotiation stage of buying a home. Congratulations!

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

Conforming 30 year fixed 4.750% Rate / 4.837% APR
Conforming 15 year fixed 4.250% Rate / 4.335% APR
Jumbo 30 year fixed 4.500% Rate / 4.576% APR
Jumbo 30 year 7/1 ARM 3.875% Rate / 3.949% APR
FHA 30 year fixed 4.500% Rate / 5.015% APR
VA 30 year fixed 4.500% Rate / 4.600% APR

Want to know more?
I would love to chat about this with you some more. I absolutely love what I do and get excited "geeking out" about the mortgage industry! If you're ready to find out what your purchasing power is and what it could look like to purchase, feel free to give me a call, shoot me a text, or email me anytime:

cell: 408-833-9258 | jprice@divcap.net | www.divcap.net/jared-price