Homeowners Are Staying In Their Homes Longer...

CoreLogic says it is now able to closely track household mobility through various data sets including property taxes and sales transactions.  Some counties update these records on a weekly basis and the data allows drilling down to individual census blocks or even parcels.  This information can be used to augment more traditional Census Bureau records, and permits CoreLogic to track distinct customers through their chain of home purchases

  
Homeownership Tenure Hits Record High:
Equity Builds as Homeowners Stay Put

Many homeowners are becoming equity rich because they're staying in their homes longer, according to the Q3 2016 U.S. Home Equity and Underwater report from ATTOM Data Solutions, a fused property database. 


To be equity rich, homeowners must have a loan-to-value ratio of at least 50%.
In fact, 23.4% of all homeowners with a mortgage are now considered equity rich, an increase of 2.6 million from last year to 13 million in the third quarter, according to the report.

Why Are Mortgage Interest Rates Increasing?

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% last week. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly.

Even though rates are closer to 4% than they have been in nearly 6 months, they are still slightly below where we started 2016, at 3.97%.
The great news is that even at 4%, rates are still significantly lower than they have been over the last 4 decades, as you can see in the chart above .


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Both?

Even if you're pondering buying or selling, I am always here to help answer any questions and provide further directio n to help you in your decision making process.

Please don't hesitate to call 
or e-mail me with any questions!


(530) 318-3099  
CA # 01406664  and  NV # S.0063268