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!

Sept. 13, 2018

Ladera Ranch Lender | September Rates Update

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

Aug. 31, 2018

Ladera Ranch Real Estate Market Update 8/31/18

Ladera Ranch Market Update  

The real estate market has remained cool for the last couple months. In Ladera Ranch there are 110 homes for sale right now up from 106 homes two months ago. 77 of the homes for sale are single family residences, 21 are condominiums, and 12 are townhomes. Out of the 110 homes for sale 107 of them are standard sale or equity sales, there is 1 short sale, 1 bank owned home, and 1 probate sale. In the first quarter of the year the home inventory was low but now its been continuing to increase for the last few months. Around 67% 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.  Home loan rates remain relatively low 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 $1,274,341. The average days a home is on the market in Ladera Ranch has increased from 71 days of inventory to now be 77 days. The home inventory has increased as buyer demand has waned over the last few months. The inventory has increased to around 3.0 months of home supply at the current buying pace. An inventory of 3-4 months of supply is considered the average, so at only 3.0 months of supply we are seeing the beginning to a more balanced market. The average sold price verse the average list price remained relatively the same around 98.6%.

Orange County Market Update

6,893 listings, up 1,016 residences for sale in a year or 17 percent; and up 5 percent vs. 6-year average.
Supply, year-to-date: Up 3,333 listings vs. a rise of 1,643 a year earlier and average increases of 2,554 in 2013-2017.
Demand: 2,394 new escrows, down 496 sales contracts in 12 months or 17%; and down 18% vs. previous six years.
Market time: 86 days vs. 61 a year earlier and an average 72 days in 2012-2017.

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.

Aug. 14, 2018

Just Listed | 30902 Clubhouse Drive #8D, Laguna Niguel

30902 Clubhouse Drive #8D, Laguna Niguel. - More pics here!

Premier end unit condo that's highly upgraded in the great community of La Vista! This turnkey condo is unique in that it has one of the rare 2 car direct access garages. Only around 10 out of the 280 condominiums have the direct access 2 car garages! The recently renovated home features quartz counters, upgraded cabinetry, stainless steel appliances, newer wood flooring, and finished epoxy garage. Both bathrooms have also been upgraded with granite vanities, and remodeled showers with stainless steel fixtures. Laundry room is located next to the direct access garage and washer/dryer are included! The La Vista community has been undergoing re-piping and this unit has already been completed. The La Vista community has a pool/spa and clubhouse as well as having water, sewer, and trash included with the HOA dues. The home is located only a short drive to the beach and local resorts. This condo is a must see!

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