Paul Demboski - Real Estate Specialist

11/10/2021

Interesting article on some of the factors at play in our currently tight housing market. Would have been great to see this inventory go back to regular buyers rather than institutional investors. Keller Williams Pacific Estates CalDRE # 01719539

Twitter and TikTok users are raging against the real estate firm as it looks to sell 7,000 homes for $2.8 billion following the failure of a much-vaunted business.

02/23/2021

Spring is hot in socal. Well priced homes are selling within a few days of hitting the market with multiple offers. This is a boon to sellers as they get to pick the terms they want but the fierce competition is frustrating for even well qualified buyers who are looking to take advantage of the near record low rates. Curious how the market impacts you, then reach on out. RE/MAX Real Estate Specialist CalDRE #01719539

Bidding wars are off the charts, even as home prices are rising rapidly.

12/16/2020

Interest rates remain at record lows, but the low rates can make finding a home to purchase a challenge as competition is fierce. If you have bought in the last few years definitely consider a refi and if you are looking to buy, now is a great time to talk with a lender. RE/MAX Real Estate Specialists CalDRE # 01719539

The ultra-low mortgage rates have helped boost home sales activity to the highest level since 2006.

06/12/2020

A number of good indicators this week that the real estate market is rebounding from the Covid crisis. Year over year and weekly uptick in purchase loan mortgage applications nationwide indicating strong buyer demand. Coupled with the Feds decision on Wednesday to keep short term rates near zero and an improvement in unemployment numbers are all good signs. Self employed borrowers continue to have more stringent hurdles to overcome but doable. RE/MAX Real Estate Specialists CalDRE #01719539

05/18/2020

Useful update from Fannie Mae for those in a mortgage forbearance. Make sure to check with your loan services for guidelines/availability etc. RE/MAX Real Estate Specialists CalDRE #01719539
https://www.knowyouroptions.com/loanlookup

Fannie Mae and Freddie Mac have announced additional relief options for homeowners struggling due to the COVID-19 pandemic.

04/22/2020

Listening to a webinar from a local real estate forecaster (Steven Thomas) discussing days on market in La County and the recent shift because of Corona. Its gone from a sellers market to a balanced market in the 750-million dollar range. Below that is still a sellers market and above that is a buyers market. Coronvirus is and will continue to hamper supply and demand, he anticipates the market will move to a balanced or slight buyers market in the coming months. He projects socal to appreciate 3% in 2020 which factors in the 5% jump at the start of the year pre corona. As long as interest rates remain low and continued unemployment doesn't lead to increased foreclosures. Seems optimistic but we shall see. RE/MAX Real Estate Specialists CalDRE # 01719539

04/22/2020

Looking at securing a forbearance on your mortgage payment? Make sure you read the fine print. Many lenders have a balloon payments due 3-6 months out. RE/MAX Real Estate Specialists CalDRE # 01719539

02/27/2020

With fears of the Corona Virus hamstringing the stock market in recent days there has been a relocation of funds into the bond market which has resulted in a drop in 30 year mortgage rates. If you haven't looked at your home loan recently it might be worth having a lender see if a refinance might save you some money. If you are on the fence about buying this drop in rates has helped with affordability issues for some buyers. RE/MAX Real Estate Specialists CalDRE # 01719539