First Time Homebuyers Flood Market

First Time Homebuyers Flood Market

First time homebuyer demand surged to its highest level in 17 years during the third quarter of 2017, according to the First-Time Homebuyer Market Report from Genworth Mortgage Insurance.  The report, which is drawn from a data set of 21 million first-time homebuyers over a 24-year span, showed first-time homebuyers purchased 601,000 single-family homes in the third quarter. This is up 6% from 567,000 homes during the third quarter of 2016, and the highest quarterly purchase volume since the third quarter of 2000. Check out the article CLICK HERE.  The Easterbrook Team focuses on the best home loan value for every individual borrower.  Call us at (916) 850-6050. 

Do You Sell Real Estate?

Then this article will be of particular interest to you.  We reported this Monday in Realty Market Insider on a nationwide level, but locally, the Sacramento Business Journal reports that Sacramento has one of the highest apartment rent increases in the nation – 10% in 2015 and is expected to rise an additional 8.8% in 2016.  The national average was also higher than average at 6.4%.  If you sell real estate, with the low rates that we are enjoying, then you may want to solicit the presently fed-up apartment dwellers if they are able to buy (for detail,CLICK HERE).

Based in Folsom, California, Sierra Pacific Mortgage has 112 offices nationwide. The Easterbrook Team at Sierra Pacific is associated with the #1 office in the nation for SPMC for 2015.  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.