Спешу поделиться BREAKING NEWS в сфере финансирования недвижимости!
Спешу поделиться BREAKING NEWS в сфере финансирования недвижимости!
Прекрасные новости, для тех, кто думает купить недвижимость, у кого хороший доход, но мало налички на даунпеймант💸.
Conventional loan планка поднимается с $822,375 до $937,500 (почти во всех каунти в Бэй Эрии)! Т.е теперь можно купить жилье почти за миллион имея на руках налички 5% (и еще где-то $10тыс closing costs). Новые правила начнут действовать с 1 января, НО есть банки, которые дают кредит по новому тарифу уже сегодня.
Поясню. Если очень просто: ипотеки делятся на два вида: conventional (conforming) и jumbo. У первого всегда лучше процент, проще условия. Можно купить с 5% даунпеймант и иногда даже с 3.5%. НО его планка была $822,375. Все что выше, считается jumbo loan: там выше процент, нужно минимум 10% downpayment и плюс еще 6-12 месяцев резервов иметь на счету (т.е деньги покрывающие ипотеку на это время). Не все имеют столько денег в кармане.
Т.е люди ограничивались кредитом в $822тыс, и все что выше, была наличка.
Сейчас же эта планка поднимется на больше чем 100тыс! А значит, что можно купить жилье за $985,000 имея в кармане около $55тыс. Я понимаю, что для Бей Эрии это все равно не такая уж и большая сумма, но мои клиенты находят классные дома и квартиры в хороших районах, с хорошими школами. В СХ или Ист Бей.
Теперь вас уж точно ничто не должно останавливать от домовладения!
As Home Equity Rises, So Does Your Wealth
Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity.
Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.
The best thing about equity is that it often grows without you even realizing it, especially in a sellers’ market like we’re in now. In today’s real estate market, the combination of low housing supply and high buyer demand is driving home values up. This is giving homeowners a significant equity boost.
According to the latest data from CoreLogic, the amount of equity homeowners have has continued to grow as home values appreciate. Here are some key takeaways from the Homeowner Equity Insights Report:
- The average homeowner gained $51,500 in equity over the past year
- There was a 29.3% increase in national homeowner equity year over year
To give you an idea of what that looks like in your area, the map below shows the average equity gains by state.
What does all of that mean for you?
If you’re already a homeowner, you likely have more equity in your house than you realize. The numbers in the map above reflect year-over-year growth. If you’ve been in your home for longer than a year, you’ll likely have even more equity than that. That equity can take you places. You can use the equity you’ve gained to fuel your next move, achieve other life goals, and more.
On the other hand, if you haven’t purchased a home yet, understanding equity can help you realize why homeownership is a worthwhile goal. Homeowners across the nation gained an average of over $50,000 in equity this year. Don’t miss out on this chance to grow your net worth.
Bottom Line
If you want to learn more, let’s connect. A trusted advisor can help you understand where home prices are today, how they contribute to a homeowner’s net worth, and the impact equity can have when you own a home.
Early October is the Sweet Spot for Buyers
Are you looking to buy a home? If so, we’ve got good news for you.
While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home. If you find yourself a bit discouraged, hear this: there are clear signs buyers may have more opportunities this fall.
According to realtor.com, the sweet spot for buyers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years. When applied to the current market, experts determined the ideal week to buy a home this year. The research says:
“Nationally, the best time to buy in 2021 is the week of October 3-9. This week historically has shown the best balance of market conditions that favor buyers.”
So, what’s that mean for you? If you’re looking to buy a home, there’s a golden window of opportunity coming. Here’s what you can expect from that week.
Increased Housing Supply
The number of homes available for sale should increase. According to realtor.com, you can expect to see more new listings come to market the week of October 3. The findings estimate we’ll see roughly 17.6% more homes available than we saw at the start of the year.
This means you’ll have more options to choose from which should be a welcome relief in a market with tight housing supply.
Fewer Bidding Wars
With more homes available, you should also see a slight decline in the number of bidding wars. Having more options means buyers may not be competing as intensely for the homes on the market because there are more choices to go around.
This means when you write an offer, you may have less competition and a better chance of being the top bid. Just remember, it’s still important to come in with a strong offer.
Adjusted Homes Prices
As we move into the end of the year, the findings from realtor.com note this week may also be one of the peak weeks for price reductions in 2021. Historically the data shows an average of 7.0% of homes have a price reduction that week. Why? When housing supply ticks up, sellers need to look for other ways to make their house stand out.
This means, while home prices are still appreciating overall, you may see some homes with price adjustments from eager sellers. The process of closing a house takes time. To close before end of year, sellers may be more motivated this October.
Bottom Line
If you’re in the market for a home, don’t lose steam now. Data shows early October may give you the long-awaited opportunity to find the home of your dreams. Let’s connect so you have a trusted ally and advisor to help keep you motivated so you can find the perfect home for you.
Two Reasons Why Waiting a Year To Buy Could Cost You
If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home.
To determine if you should buy now or wait, you need to ask yourself two simple questions:
- What will home prices be like in 2022?
- Where will mortgage rates be by the end of 2022?
Let’s shed some light on the answers to both of these questions.
What will home prices be like in 2022?
Three major housing industry entities project continued home price appreciation for 2022. Here are their forecasts:
- Freddie Mac: 5.3%
- Fannie Mae: 5.1%
- Mortgage Bankers Association: 8.4%
Using the average of the three projections (6.27%), a home that sells for $350,000 today would be valued at $371,945 by the end of next year. That means, if you delay, it could cost you more. As a prospective buyer, you could pay an additional $21,945 if you wait.
Where will mortgage rates be by the end of 2022?
Today, the 30-year fixed mortgage rate is hovering near historic lows. However, most experts believe rates will rise as the economy continues to recover. Here are the forecasts for the fourth quarter of 2022 by the three major entities mentioned above:
- Freddie Mac: 3.8%
- Fannie Mae: 3.2%
- Mortgage Bankers Association: 4.2%
That averages out to 3.7% if you include all three forecasts, and it’s nearly a full percentage point higher than today’s rates. Any increase in mortgage rates will increase your cost.
What does it mean for you if both home values and mortgage rates rise?
You’ll pay more in mortgage payments each month if both variables increase. Let’s assume you purchase a $350,000 home this year with a 30-year fixed-rate loan at 2.86% after making a 10% down payment. According to the mortgage calculator from Smart Asset, your monthly mortgage payment (including principal and interest payments, and estimated home insurance, taxes in your area, and other fees) would be approximately $1,899.
That same home could cost $371,945 by the end of 2022, and the mortgage rate could be 3.7% (based on the industry forecasts mentioned above). Your monthly mortgage payment, after putting down 10%, would increase to $2,166.
The difference in your monthly mortgage payment would be $267. That’s $3,204 more per year and $96,120 over the life of the loan.
If you consider that purchasing now will also let you take advantage of the equity you’ll build up over the next calendar year, which is approximately $22,000 for a house with a similar value, then the total net worth increase you could gain from buying this year is over $118,000.
Bottom Line
When asking if you should buy a home, you probably think of the non-financial benefits of owning a home as a driving motivator. When asking when to buy, the financial benefits make it clear that doing so now is much more advantageous than waiting until next year.
КОГДА РУХНЕТ РЫНОК?
- Мало инвентаря (Продавцы ждут что цены поднимутся. Или боятся что через их дом будут люди ходить). Или если продадут, то как и что потом купить?
- Низкий процент. Хоть он немного и поднялся, все равно ставка исторически низкая, что делает покупательскую способность высокой.
- Народ боится инфляции, хочет вложить в недвижимость.
- Раньше люди не хотели уезжать далеко от работы. Но возле работы могли позволить только маленькую квартиру. Поэтому снимали. Теперь же, когда в офис ходить не нужно, они за эти же деньги могут купить что-то в East Bay например.
- В конце прошлого года люди получили бонусы, и сейчас рынок еще более жаркий
- Выросли акции и крипто валюта. Люди тоже хотят воспользоваться и вложить деньги с продажи
- Лимит по conforming кредитам вырос с 765тыс до 822тыс. Люди могут больше позволить
- Из-за карантина не успели построить. Строительства заморозились и поставки долго было ждать. Поэтому большой дефицит на новые постройки
- Выросли миллениалы! Да да! Сейчас им всем по 30+, а это возраст, когда люди заводят семьи и готовы “осесть”.
РАЗРЕШЕНИЯ НА РЕМОНТ/СТРОИТЕЛЬСТВО | BUILDING PERMITS
РАЗБИРАЕМ НАЛОГ НА НЕДВИЖИМОСТЬ
В Калифорнии процентная ставка = 1% в год от стоимости. Предположим дом стоит $1,000,000. Ваш налог на недвижимость будет $10,000 в год.
Так же в СА действует закон Proposition 13, при котором последующий налог не может быть увеличен более чем на 2% в год. Т.е например, если вы купили дом за $1,000,000 и в следующем году он уже стоит $1,300,000 — ваш налог будет максимум $10,200.
При покупке недвижимости нас (Риелторов) часто спрашивают: Какой у нас будет property tax или налог на недвижимость?
Налог считается по следующей формуле value of the property [стоимость дома] x tax rate [процентная ставка] = property tax
Но помимо 1%, в каждом городе/районе есть еще выплаты за инфраструктуру (школы, парки, больницы, дороги и т.д.). Поэтому налог там будет чуть выше. Например в Сан Хосе, в одних районах налог будет 1.16%, а других 1.31%.
В файле по ссылке вы найдете диапазон налога.
Есть еще одна специальная форма налога, называется Mello-Roos — Community Facilities Districts (CFD) . Так как денег от штата всегда недостаточно на обустройства районов, то городские власти, власти графств, школьные округа могут ввести такой налог на инфраструктуру, например: roads and utilities, sanitation, education, environmental restoration, libraries, firefighting.
Есть районы, где такой налог может достигать 2-3% (например, в San Mateo есть Mello-Roos in Bay Meadows районе).
Чтобы узнать есть у вас такой налог и сколько, вам надо посмотреть на свой tax bill, и найти строку, где написано CFD.
Если остались вопросы, пишите — буду рада объяснить. Все мои консультации бесплатны!