(661) 284-1150 | 28338 Constellation Road | # 900 | Santa Clarita, CA 91355 | NMLS #252302

Exactly how severe are inventory shortages? {Market Report} January 27th

Exactly how severe are inventory shortages? {Market Report} January 27th
January 27, 2020 abryant

 

Being an adult is mostly being exhausted and wondering how you hurt your back.

I won’t be impressed with technology until I can download food.

The only reason I’m chubby is because a tiny body couldn’t store all this personality.

Some days you eat salads and go to the gym, some days you eat cupcakes and refuse to put on pants. It’s called balance.

 

Now The Market Report . . .

 

Stocks across the globe are taking a hit this week as investors react to mounting concerns about a deadly virus in China and its effect on travel and spending.

President Trump is threatening more tariffs on European auto imports if the bloc doesn’t agree to a trade deal. Trump has delayed imposing these tariffs a number of times.

Jobless claims rose slightly last week to 211,000 but were still lower than expected. The labor market continues to tighten, even as job growth is slowing.

 

New home builders can’t keep up with demand. Even with an above average pace of construction, it would take 4-5 years to get back to a balanced market.

Existing home inventory is just as bad, as supply in December hit the lowest level since tracking began in 1982. Current supply would sell out in just 3 months.

The huge imbalance between supply and demand contributed to a jump in prices. The median home price in December was up 7.8%, the biggest annual increase in almost 4 years.

 

“You can’t wait for inspiration. You have to go after it with a club.”
Jack London

 

Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages lender, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly mortgage advisor will make the first time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. The Santa Clarita home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program.

American Family Funding Recent Articles:

Learn what falling prices might mean!  {Market Report}  May 18th
Santa Clarita Mortgage Lender Explains Steps To Obtaining, Finalizing Home Loan
Santa Clarita Mortgage Lender Explains Steps To Obtaining, Finalizing Home Loan

Officials from Santa Clarita mortgage lender American Family Funding describe the necessary steps involved in going from loan application to…

Find out who’s buying new homes!  {Market Report}  May 11th