Closing the sale of a condo has become harder

Q&A Here's why closing the sale of a condo has suddenly become harder for an association Getty Images It appears lenders are getting more skittish about issuing mortgages to buyers of condominium units as the real estate market recovers from the housing bust, a time when lenders experienced a spate of foreclosures. It appears lenders … Continue reading Closing the sale of a condo has become harder

Congress agrees on changes that may make condos easier to buy and sell

Check out this link to see the changes! This is good news!

Millennial Magnet Cities

Ten Cities That Are Magnets for Millennials Las Vegas is among the U.S. cities with the fastest-growing millennial populations by Patrick Clark June 2, 2015 — 9:16 AM PDT   The millennial population of the Riverside, Calif., metropolitan area increased by 39 percent from 2010 to 2013, according to data compiled by Bloomberg, making the southern California … Continue reading Millennial Magnet Cities

FHA squeezing loans for condos despite surging demand

From LATimes.com 11/9/14 During September in Los Angeles, condos accounted for about 27% of home resales. In Miami, they were 44.9%. Above, signs advertise the sales gallery at the Barker Block loft building in downtown L.A. (Patrick T. Fallon / Bloomberg) Call it the condo conundrum: Demand for condominium units is rising in many urban … Continue reading FHA squeezing loans for condos despite surging demand

REAL ESTATE: Apartment rent on the rise

From Press Enterprise 11/3/14 Average Inland rent rises 5.7 percent in September compared to a year ago, and another 9.9 percent increase is predicted by June 2016. Rent has been on the rise in every market across the U.S., and the apartment scene in the Inland area is no exception. Landlords in Inland Southern California with 100 or … Continue reading REAL ESTATE: Apartment rent on the rise

Type of Home Purchased by Age Group – Infographic

Take a look at this information from Realtor.com