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Buyers | You've Real Estate Questions...We've Real Answers! Blog

Tuesday, February 18, 2020   /   by Steve Mohseni

Why Put More Down!

The least amount in a down payment is an attractive option when people are thinking of buying a home.  A common reason is to have cash available for furnishing the new home and  possible unexpected expenses.
Some people don't have any options because they only have enough for a minimum down payment and the closing costs.  For those fortunate buyers who do have extra money available, let's look at why you'd want to do such a thing.
Most loans in excess of 80% loan to value require mortgage insurance to protect the lenders for the upper portion of the loan if the home were to go into foreclosure.  FHA requires an up-front premium of 1.75% of the amount borrowed plus a monthly amount of .85% on the balance.  FHA mortgage insurance premium must be paid for the life of the loan.
Mortgage insurance on conventional loans varies depending on the borrowers' credit and the amount of down payment being made.  Unlike FHA, when the unpaid balance reaches 78% ...

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

Tuesday, February 18, 2020   /   by Steve Mohseni

How the Housing Market Benefits with Uncertainty in the World

How the Housing Market Benefits with Uncertainty in the World




It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have caused some to question their investment plans going forward. As an example, in Vanguard’s Global Outlook for 2020, the fund explains,
“Slowing global growth and elevated uncertainty create a fragile backdrop for markets in 2020 and beyond.”
Is there a silver lining to this cloud of doubt?


Some worry this could cause concern for the U.S. housing market. The uncertainty, however, may actually mean good news for real estate.
Mark Fleming, Chief Economist at First American, discussed the situation in a recent report,


“Global events and uncertainty…impact the U.S. economy, and more specifically, the U.S. housing market…U.S. bo ...

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

Thursday, December 5, 2019   /   by Steve Mohseni

Is A Bigger House Within Your Budget?

Is A Bigger House Within Your Budget?


At this time of year, many families come together to celebrate the season. It’s also the time when many realize their homes are just not quite big enough to host all of their guests and loved ones. Are you one of those homeowners dreaming for a larger space to call home?
You may have enough equity in your current home to move up.
According to the Q3 2019 U.S. Home Equity & Underwater Report by ATTOM Data Solutions,

“14.4 million residential properties in the United States were considered equity rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.”

This means that one in four of the 54 million mortgaged homes in the U.S. have at least 50% equity. If these homeowners decide to sell, they can use their equity to put toward the purchase of a new home. Maybe you’ll be one of them.
NAR recently released th ...

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

Tuesday, July 30, 2019   /   by Steve Mohseni

Increased Home Sale in Second Half 2019

Freddie Mac July Forecast: Expect Homes Sales Recovery






































PDF Version



MCLEAN, Va., July 30, 2019 (GLOBE NEWSWIRE) -- According to Freddie Mac’s (OTCQB: FMCC) July Forecastan overall increase in home sales for the remainder of the year will be dampened by the ongoing shortage of homes for sale and rising house prices.


Sam Khater, Freddie Mac’s chief economist, says, “We expect to see stronger housing starts and increased home sales for the remainder of the year as homebuyers benefit from very attractive mortgage rates, lower prices at the gas pump, plus a gradual bump up in wages. While this affordability boost is welcomed, rising demand in the face of limited homes for-sale is likely to put even more upward pressure on house prices.”


Forecast Highlights 





For the full year 2019, expect GDP growth of 2.1% as trade tensions an ...

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  alameda county, bay area, buyers

Friday, June 14, 2019   /   by Steve Mohseni

Plenty of Bay Area buyers, but why are they hesitant?

Posted onJune 14, 2019 by Compass


Plenty of Bay Area buyers, but why are they hesitant?







Executive Summary:





While April’s momentum is slightly slower in May, May sales are still only 2 percent below last year’s highs after double-digit declines earlier in the year.






Home sales momentum remains solid in East Bay. Napa sales finally jumped 6 percent after a 6-month losing streak, averaging 20 percent annual declines.






Affordable sales picked up again with sales of homes priced below $1 million up 3 percent year-over-year, the first two-month consecutive annual increase in the last four years.






For-sale inventory growth is slowing after the winter jump with homes averaging seven days longer on the market.






San-Francisco continues to see significant inventory declines with May down 19 percent YOY (four months of declines averaging 20 percent).  






Bu ...

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  bay area, house, buyers, alameda county, pleasanton

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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