Coronado Real Estate and Lifestyle Blog

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Obama is Attempting to Remove Refinancing Roadblocks

Less obstacles means faster refinancing

Posted on May 18, 2012 by SD Residential Team.

With parts of the Coronado Real Estate market still recovering, there are still some homeowners out there trying to gain control over their respective financial situations. The main goal for many of those homeowners is to refinance their homes to make their payments more manageable. Unfortunately, that process can potentially be very long and cumbersome. According to the recent article “Obama Calls for Changes to Make Refinancing Easier” in Realtor Magazine, President Obama recently took steps to make the process easier and shorter. The President would like to waive the requi... Read More »
Refinancing Delays forcing homeowners to wait longer than expected

Application overflow has lengthened overall process

Posted on May 17, 2012 by SD Residential Team.

If you are a current Coronado Real Estate homeowner or any homeowner, chances are good that you or someone you know is trying to take advantage of low mortgages rates. However, some applicants are finding out just how long that takes. According to the article "Home Owners Trying to Save Face Refinancing Delays" in Realtor Magazine, there is a huge influx of applications from American’s all across the country trying to refinance. This unfortunately lengthened the amount of time it takes to complete an application from 45 days in 2011 to more than 70 days now. The slow do... Read More »
Getting a Mortgage Loan is Becoming More Expensive

Closing costs are increasing

Posted on May 16, 2012 by SD Residential Team.

As with any Coronado Real Estate transaction, there are certain costs and fees associated with closing escrow. Unfortunately, these costs have shown signs of a steadily increase. According to Realtor Magazine and their recent article “The Cost of Getting a Loan is on the Rise” last year, the average mortgage closing cost was $4,143, which is up 12.4 percent from 2010. Even with relatively low mortgages rates, many potential homebuyers are finding out that the cost associated with getting a loan is rising. One of the biggest fees is the origination fee. It rose to $1,045 or by 12 ... Read More »
The Real Estate Market May Have Found The Pricing Floor

Trends in competition and inventory may change the overall market

Posted on May 15, 2012 by SD Residential Team.

Right now may be the last time you could get a bargain price on a Coronado Home. The reason being is that many experts expect 2012 to be the last year to find good deals in a weak-housing market. According to CNN Money and the article “Buying a home won't get much cheaper” is stating that since 2006, home prices have been nationally down 34 percent. That fact along with low mortgages rates, a declining number of foreclosures, and job growth combine to make the current market susceptible to change within the next year. Trulia, a real estate information resource, has data showing th... Read More »
Inventory and Foreclosures Down in March

Overall Foreclosures are decreasing

Posted on May 14, 2012 by SD Residential Team.

With the overall Coronado Real Estate Market turning around, it is no surprise that the number of foreclosures is also decreasing. According to DSNews.com and the article “Foreclosures Down to 69,000 in March, Inventory Also Down” report that the number of foreclosures went down about 19 percent to 69,000 in March of 2012. This is compared to 85,000 in March 2011. Overall since the start of the housing crisis in September 2008, there have been 3.5 million completed foreclosures. This shows the market is slowly working through the foreclosure inventory and slowly making a recovery. ... Read More »
Get a Mortgage… at Costco?

The warehouse chain begins lending programs

Posted on May 11, 2012 by SD Residential Team.

As a potential buyer for Coronado Real Estate, it is imperative that you seek out all lending options available to you. A new choice just sprang up and you may have heard it before, Costco. According to a recent CNN Money article “Now on sale at Costco: Mortgages” the national retail chain began offering full-service mortgages on its website in association with First Choice Bank and 10 other lenders. The program has already issued more than 10,000 mortgages. One of those mortgages helped a customer find out that his closing cost was about a third of what it would have been ... Read More »
Take Another Look Before Buying a Coronado Home

Make sure the home of preference is right for you

Posted on May 10, 2012 by SD Residential Team.

Typically when a buyer finds a Coronado Home or a Coronado Condo of interest, they tend to fall in love at first sight and then automatically switch to something called “mortgage-mode.” According to the recent article “Ready to Buy a Home? Take Another Look” posted in Mercury News: being in this mortgage-mode makes a home buyer to focus only on applying for a loan, corralling paperwork, arranging the appraisal, and everything else that comes with closing a transaction. At most, the buyer will visit the home of preference only two or three times after the initial visit. ... Read More »
Overall Sentiment Towards Coronado Home Prices Is Positive

Survey states more opportunities over the next 12 months

Posted on May 09, 2012 by SD Residential Team.

Are you on the fence about selling or buying a Coronado Property? Buying or selling a Coronado Home or Coronado Condo in the next twelve months may be very advantageous. A survey was conducted by Fannie Mae, including 1,000 Americans, in regards to how they felt about the real estate market. The article “Fannie Mae: Homebuyers feel more positive about home prices” posted on Housingwire.com state; even with less than ideal news regarding jobs, many Americans believe that the amount of buyer and seller opportunities will increase in the next twelve months. They also state that the av... Read More »
Keep Your Home California Program Can Help With Mortgage Payments

The program is loosen up the requirements for mortgage aid

Posted on May 08, 2012 by SD Residential Team.

If you are struggling to keep your Coronado Home or your Coronado Condo, the program “Keep Your Home California,” which is state operated, might go a long way towards helping you keep your home. According to The Sacramento Bee and the article “California loosens requirements for mortgage aid” the program is changing and expanding two of its crucial components. The overall goal of the program is to assist homeowner’s who are having a hard time to make their mortgage payments. It also encourages servicers to take part in the Principle Reduction Program, which c... Read More »
Future Home Buyers are Currently Renters

Renters are expected to buy homes according to home builder survey

Posted on May 07, 2012 by SD Residential Team.

During the last year, we have seen that home prices are at low ranges and that rental prices has started to go up. It’s a fact that renting a home is more expensive than owning a Coronado Home as we are experiencing a low housing inventory as well as investors buying homes to use as income property. According to a home builder survey by PulteGroup, home ownership is something that current renters are very optimistic about compared to a few years back where many hesitated due to lower credit scores and not having enough money for the down payment. Renters interest in buying a home has inc... Read More »