From HousingWire.com:
Low mortgage rates drove the nation’s housing market potential to a two-year high in January, according to First American.
Mark Fleming, the company’s chief economist, said the market potential for existing-home sales climbed to the highest level since January 2018.
Fleming primarily attributes this growth to low financing costs and rising demand fueled by Millennial homeownership.
“In 2020, 4.8 million Millennials will turn 30 – the peak age for home-buying. They’re fortunate to be entering the housing market at a time of historically low mortgage rates and a strong economy,” Fleming said. “However, there are challenges. Millennials face a very limited supply of existing homes available for sale, especially homes in the entry-level price range.”
This gain was credited to wage growth and falling mortgage rates, which boosted consumer house-buying power.
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Ryan Christensen
Responsive, Responsible and Resourceful - How Real Estate Should Be. This is the foundation of our continued success: responsive service, providing accurate and timely information, and demystifying the process. 100% of my business is referral based because I listen to my clients' needs and exceed their expectations. As a full-time real estate broker, I am the best advocate for both my buyers and sellers. I am always available, regardless of the time of day.
Being a native Southern Californian is a tremendous advantage. I know the area. Time is more valuable than money, but neither can be wasted. And, I'm a fan of hard work. My clients can enjoy their home buying and/or selling experience because I provide a trusting, focused, straightforward approach. I look forward to helping you achieve your goals and find joy in homeownership.
I am both a licensed Real Estate and Mortgage Broker. Others choose to concentrate on one or the other. I provide a higher level of service and expertise than those who do not obtain this dual skill set, which differentiates me from other service providers. My decisions and advice are based solely on what is in the best interest of my clients. I use Real Estate Sales as a tool to make sure my clients get the home that meets or exceeds their needs. As a Mortgage Broker, I search for the best loans so I can offer lower rates and pricing than my financing competition. This certainly IS in the client's best interest.