Claremont California Luxury Home Listings

Five bedroom, 6 baths, 3796 sqft
This house has it all. For a private showing
call Robert Leidig  a Real Estate Agent
with Century 21 Town & Country
909-957-7661
robert.leidig@century21.com
robertleidighomes.com

Million Dollar Listing in the beautiful city of Claremont

For a private Showing contact Robert Leidig 

a  Real Estate agent with Century 21 Town &Country

909-957-7661

robertleidighomes.com

Real Estate Inforgraphics

5 Reasons why you should buy a house

Claremont California Real Estate Market Update December 7-15

New Listing (9)
Price Change (2)
Back On Market (4)
Backup Offer (5)
Expired (1)
Pending (5)
Sold (7)

Market Update for the City of Claremont California

Thinking about Buying or Selling in Claremont ? Give me a call

Robert Leidig a Real Estate Agent with Century 21 Town&Country

Bre; 01422758     909-957-7661 or email  robert.leidig@century21.com

web page robertleidighome.com

New Listing (3)
Price Change (14)
Back On Market (6)
Backup Offer (0)
Expired (6)
Pending (2)
Sold (8)

Share of First Time Buyers Fells to lowest point in three years

Despite an improving job market and low interest rates, the share of first-time buyers fell to its lowest point in nearly three decades, according to an annual survey released today by the National Association of REALTORS®.

NAR's Profile of Home Buyers and Sellers dates back to 1981. The average rate of first-time buyers during that time has been around four out of 10 purchases. In this year’s survey, the share of first-time buyers dropped 5 percentage points from a year ago to 33 percent, representing the lowest share since 1987 (30 percent).

 Rising rents and repaying student loan debt makes saving for a down payment more difficult, especially for young adults who’s experienced limited job prospects and flat wage growth since entering the workforce. 

When asked about the primary reason for purchasing, 53 percent of first-time buyers cited a desire to own a home of their own. Most in this group say they plan to stay in their home for 10 years and they are 10 percent more likely to purchase a townhouse or a condo than repeat buyers. The median age of first-time buyers was 31, unchanged from the last two years, and the median income was $68,300 (up from $67,400 in 2013).  The household composition of all buyers responding to the survey was mostly unchanged from a year ago; 65 percent were married couples, 16 percent single women, 9 percent single men, and 8 percent unmarried couples. Thirteen percent of survey respondents were multi-generational households, including adult children, parents and/or grandparents.

The typical first-time buyer purchased a 1,570 square-foot home costing $169,000. The survey also found that 47 percent of first-time buyers said the mortgage application and approval process was much more or somewhat more difficult than expected (an increase of four percent over last year). Among 23 percent of first-time buyers who said saving for a downpayment was difficult, more than half (57 percent) said student loans delayed saving, up from 54 percent a year ago.

5 Reasons Housing Markets Are Thankful

The housing market has seen plenty of challenges the last few years, but could brighter days be ahead? Based on recent housing reports, some markets are reporting a rosier picture now than for the first half of the year — and growing optimism heading into next year for a lasting turnaround. 

1. Mortgage rates are still low.Here are five market gauges that many in the real estate industry are thankful for this holiday season: 

Home buyers can take advantage of borrowing costs that remain near historical lows. Last week, the 30-year fixed-rate mortgage averaged 3.99 percent nationwide, marking the sixth consecutive week of averages near 4 percent. In October, the 30-year fixed-rate mortgage reached its lowest average of the year at 3.97 percent. 

“If you are planning to buy a home in the next year, it’s better to do it sooner rather than later,” Frank Nothaft, Freddie Mac’s chief economist, said in a recent video commentary. 

Still, many economists aren’t expecting the rate surge in the new year to be quite as drastic as previously seen. Fannie Mae recently revised its forecast for 2015, expecting low mortgage rates to stick around longer into the year. Fannie Mae now projects rates will average 4.3 percent next year, a drop of about two-tenths of percentage points from its forecast earlier in the year. 

2. Home sales have been inching up. 

In many markets, more sales are being reported. Existing-home sales in October were above year-over-year levels for the first time in 12 months, according to the National Association of REALTORS®' latest report. Sales are at their highest annual pace since September 2013.  

The job market may be a big contributor behind that increase, says Lawrence Yun, NAR’s chief economist. “This bodes well for solid demand to close out the year and the likelihood of additional months of year-over-year sales increases,” Yun said in a recent statement. 

3. Buyers are getting more choices. 

Home buyers are finally getting more selection in homes for-sale. Unsold inventory is 5.2 percent higher than a year ago, representing a 5.1 month supply at the current sales pace. 

“The growth in housing supply this year will likely prevent the drastic sales slowdown and coinciding spike in home prices we saw last winter due to low inventory,” Yun says. “However, more housing starts are needed to increase supply, meet current demand and keep price growth in check.”

New-home construction is gradually picking up in the latter half of the year, also bringing more inventory into many markets. Single-family housing starts rose 4.2 percent month-over-month in October to 696,000 units, reaching the highest level since November 2013, the U.S. Department of Housing and Urban Development and U.S. Census Bureau reported. What’s more, the future looks bright that the increase will stick around for the time-being: Building permits -- a gauge for future building activity -- increased 4.8 percent in October to an annual rate of 1.08 million units. 

“The rise in single-family starts is more proof that the economy is firming and consumer confidence is growing,” says Kevin Kelly, chairman of the National Association of Home Builders. ‘We expect continued momentum into next year.” 

4. Foreclosures are falling. 

In October, distressed home sales dropped into the single digits for the third month this year. Distressed sales, which include foreclosures and short sales, fell to 9 percent in October, compared to 14 percent a year ago, NAR reports. Foreclosures and short sales typically sell at a discount — 15 percent or 10 percent below market value, respectively — and can place downward pressure on overall home prices in an area. The decrease in foreclosures is helping more home values to stabilize in communities. 

Still, while distressed sales are trending downward overall, several pockets across the country are still battling elevated levels, particularly in judicial states like Florida, Maryland, and New York, NAR President Chris Polychron recently said in a statement. 

5. Home prices are stabilizing. 

The median existing-home price for all housing types in October was $208,300 — 5.5 percent above October 2013, according to NAR’s latest report. It marks the 32nd consecutive month of year-over-year price gains. The double-digit gains in prices from last year have mostly faded away. 

Still, the gains in home prices over the past year have made home owners feel more optimistic about selling. Forty-four percent of about 1,000 home owners surveyed in Fannie Mae’s October 2014 National Housing Survey said now is a good time to sell, marking an all-time survey high. 

Claremont Market Update

New Listing (4)
Price Change (7)
Back On Market (3)
Backup Offer (7)
Expired (2)
Pending (4)
Sold (7)

Claremont Home

Looking to Buy or Sale in Claremont

Let me tools and experience work for you.

For information contact Robert Leidig 

agent with Century 21 Town &Country

909-957-7661 or robert.leidig@century21.com

BRE#01422758 or robertleidighomes.com