Bill Boehm: Arbor Financial Group

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The dot plot shows where the 17 Fed members expect the Fed Funds rate to be over the next few years and in the longer run. Both Stocks and Bonds are reacting very positively to the Fed statement, where they set the table for a cut in July. Reach out to take advantage!

Black Knight reported this morning that the monthly Payment to Income ratio has dropped to the lowest level in a year. This is helped by lower rates and rising income and speaks to Affordability and the health of the housing market. Reach out to take advantage!

Historically low mortgage rates means buyers will take advantage of these conditions, according to Chief Economist Lawrence Yun! Existing Home Sales fell 0.4% in April, but really not a bad report as the media would have you believe. Interestingly, homes remained on the market for only 24 days on average, which is down sharply from 36 days in March. If you priced your home correctly, it sold quickly. The entire reason for the decline was weaker sales in the Northeast...every other region was flat or higher.

Bigger wave of potential buyers coming! The median home buying age is 34, Zillow estimates 3.11 million people will enter the market by 2028, an increase of 7.4% from the past 10 years! My team is ready, let's talk about the options we have for you!

Average income is up as home prices have declined 1.4% in Orange County! The market is heating up! Reach out to discuss your goals!

Employers are holding on to their employees! Individuals filing for unemployment benefits for the first time decreased in CA by 1,304 the first week of April compared to the last week of March. The increased stability means more potential for buying a home! We have certainly seen an uptick. Let's talk about the opportunities we have for you!

New Home Sales were down 6.9% in January. This is old data, delayed by the government shutdown, but the drop doesn’t tell the whole story. The December figure, which was already a good number, was revised higher by 5%. These figures offset each other in aggregate.

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