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Monday, January 25, 2021   /   by Steve Mohseni

Why Moving May Be Just the Boost You Need

As we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time at home throughout the health crisis, some are wondering if they should move to improve their mental health and well-being. This is no surprise since the U.S. Census Bureau reported an increase in the percentage of adults with symptoms of anxiety and depression in a recent Household Pulse Survey.
There’s logic behind the idea that making a move could improve someone’s quality of life. When people change their scenery, they often feel happier. Catherine Hartley, an Assistant Professor at New York University’s Department of Psychology and co-author of a study on how new experiences impact happiness, mentioned.
“Our results suggest that people feel happier when they have more variety in their daily routines—when they go to novel places and have a wider ...

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  alameda county, bay area, house, buyers, moving up., pleasanton, mortgage, down payment, fha, mortgage insurance, home value estimate, pmi, sellers

Thursday, July 30, 2020   /   by Steve Mohseni

Homeownership Rate Continues to Rise in 2020

Homeownership Rate Continues to Rise in 2020





So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the second quarter of 2020 has had more than a few challenges. Amidst the many roadblocks, however, the U.S. homeownership rate rose again, signaling great strength in the recovery of the housing market and an indication that even in a time of crisis, Americans still feel confident about buying a home.


Yesterday, the U.S. Census Bureau announced:




“The homeownership rate of 67.9 percent was 3.8 percentage points higher than the rate in the second quarter 2019 (64.1 percent) and 2.6 percentage points higher than the rate in the first quarter 2020 (65.3 percent).”



The increase is also represented by race and ethnicity of the householder:There are many reasons why the homeownership rate in this count ...

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  alameda county, bay area, buyers, house, moving up.

Wednesday, July 29, 2020   /   by Steve Mohseni

Thinking of Selling Your House? Now May be the Right Time!!

Thinking of Selling Your House? Now May be the Right Time





Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers.


According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), total housing inventory is down 18.8% from one year ago. Inventory is well below what was available last year, and the houses that do come to the market are selling very quickly.


Sam Khater, Chief Economist at Freddie Mac notes:




“Simply put, new housing supply is not keeping up with rising demand. We estimate that the housing market is undersupplied by 3.3 million units, and the shortage is rising by about 300,000 units a year. More than half of all states have a housing shortage.”



Why is inventory so low? ...

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  alameda county, bay area, buyers, house, pleasanton

Friday, May 29, 2020   /   by Steve Mohseni

Mortgage Rates Hit Another All-Time Low

Mortgage Rates Hit Another All-Time Low


May 28, 2020


The 30-year fixed-rate mortgage has again hit the lowest level in our survey’s nearly 50-year history, breaking the record for the third time in just the last few months. These unprecedented rates have certainly made an impact as purchase demand rebounded from a 35 percent year-over-year decline in mid-April to an 8 percent increase as of last week—a remarkable turnaround given the sharp contraction in economic activity. Additionally, refinance activity remains elevated and low mortgage rates have been accompanied by a $70,000 decline in the average loan size of refinance borrowers this year. This means a broader base of borrowers are taking advantage of the record low rate environment, which will benefit the economy.





Current Mortgage Rates Data Since 1971 xls










Primary Mortgage Market Survey®


U.S. weekly averages as of 05/28/2020






30-Yr FRM




3. ...

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  alameda county, bay area, buyers, house, moving up., down payment, mortgage

Friday, February 21, 2020   /   by Steve Mohseni

Interest Rates Over Time

Interest Rates Over Time [INFOGRAPHIC]


Some Highlights:

With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.

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  alameda county, bay area, buyers, house, pleasanton, moving up., down payment, fha, mortgage, mortgage insurance, pmi

Compass | Mohseni Real Estate Group
Steve Mohseni
15 Railroad Avenue
Danville, CA 94526
925-484-0707
CA DRE# 01267039
900 Main Street
Pleasanton CA 94566

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