TTT Mortgage & Finance

Home Prices Continue to Inch Higher: * Feb. '21 = +12.2% (over Feb. '20) * Jan. '21 = +12.0% (over Jan. '20) * Q4 '20 = +10.8% (over Q4 '19)... FHFA

March Existing Home Sales drop 3% due to lack of inventory. (MMG). They can't build them fast enough! Check out the "New Home Sales & Starts" data below.

Know someone considering that 1st Home Purchase? We offer a variety of programs to help. First-time homebuyers account for 43% of newly constructed home sales in 2021, up from just 32% in 2018. (Source: World Property Journal)

The four-week period ending March 21 saw homes sell for 39% above their asking price in the US; an all-time high. Active listings dropped 42% year-over-year to an all time low. The housing shortage continues... (Source: nmp)

Freddie Mac: Interest Rates remain at record lows, Homebuyer appetites remain high, Inventory remains low. (Source: nmp)

https://www.hud.gov//press_releases_media_ad/HUD_No_20_201

New Conforming Loan Limits are out; $548,250 (US) & $753,250 (SD)New Conforming Loan Limits are out; $548,250 (US) & $753,250 (SD)

In this hot housing market, getting pre-approval with the right mortgage lender is critical to getting your offer accepted and completing your transaction on-time. According to Redfin (11/06/20), San Diego homes sold (on average), in 14 days (week ending 10/25/20), compared to 28 days last year. Whether you're buying or refinancing, contact us to discuss your options.... www.tttmortgage.com