Easterbrook Team Update! Keeping You Ahead of the Curve!

Survey Says Sacramento is Superior

Realtor.com has just come out with the latest list of the hottest housing markets in the US in December.  Sacramento County came in at #5 in the US!  Jonathan Smoke, chief economist of Realtor.com, and his team carried out the data analysis and identified the top 20 medium-to-large markets where homes are moving fastest and interest (based on listing views on realtor.com) is highest. At the top of the list, for the second month in a row, is San Francisco, followed by its sister Bay Area city San Jose.  6 of the 10 are all in Northern California.  If you are in the real estate business, you are in the right place at the right time! For the article, CLICK HERE. 

 

There’s a Great Reason to Buy in January & February

As if buyers need another reason to buy, in January, closing costs are considerably lower for most buyers.  Most buyers have impound accounts (sometimes called “escrows”) when they purchase a home.  When establishing an impound at the close of escrow, a number of months of taxes must be set aside to pay for the next tax payment.  Buying now can save a substantial amount of money in closing costs. 

Closing Month	1st Payment	Estimated Impounds
January	March	2 Months
February	April	2 Months
March	May	3 Months
April	June	4 Months
May	July	5 Months
June	August	6 Months
August	October	8 Months
September	November	9 Months
October	December	4 Months
November	January	5 Months
December	February	6 Months

 

Another Survey…Consumer Confidence is UP!                       Reports the Sacramento Bee 12/23/15

U.S. consumer sentiment rose in December to its highest level since July, lifted in part by low inflation, which has boosted Americans' purchasing power.  The University of Michigan's consumer sentiment index, released Wednesday, rose to 92.6 from 91.3 in November. That's just below this year's average of 92.9, the highest annual average in 11 years.  For the article, CLICK HERE.

 

Do Your Buyers Want Rate Information?

We are currently offering an amazing product that is easy to share and completely free to our Realtor friends and your clients.  Rate Mastery is free to you and your clients.  You can co-brand with us, easily share the information on social media with one click, or just use it to help your borrowers make informed decisions about the market and when to lock.  For a preview, CLICK HERE.  Just call us at (916) 850-6050 and we’ll do the rest. 

By the way, if you haven’t compared our rates, they are some of the best in town!

Based in Folsom, California, Sierra Pacific Mortgage has 144 offices nationwide. The Easterbrook Team at Sierra Pacific is associated with the #1 office in the nation for SPMC for the 4th month in a row!  We want to thank you so much for the support.  Come by and visit our office at 806 Bidwell Street in Folsom.  Keep the loans coming and we’ll keep closing them at lightning speed with a positive, smooth, and transparent experience.  Call us at (916) 850-6050.