What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

Performance Mortgage

Let's Find Your Next Place











Performance Mortgage

PERFORMANCE MORTGAGE

markglouner@gmail.com

661 406-5629

DRE #01299857 NMLS ID 260877

Blog

by Performance Mortgage

November 20, 2018


by Keeping Current MattersEveryone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it!In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In 2017, 60% of millennial women listed as the primary borrowers on mortgages were single.According to the 2018 Home Buyer and Seller Generational Trends Report by the National Association of Realtors, one in five homebuyers in the U.S. were single females (most of them part of the baby boomer generation) as you can see in the graph below:This does not come as a surprise since 50.8% of the U.S. population is female and 15.6% of them are 65 years and over, according to the Census Bureau.What are the reasons for this demographic’s booming interest in . . .

November 06, 2018



Interest rates are starting to jump a tad and it looks like we could see them in the mid 4's at some point soon.  Rates are still crazy good if you look at them historically, but they have been exceptionally low since they broke into the 4's in 2009.  Rates broke into the 3's for the first time in 2011 and they have been going from 3's to 4's and back to 3's again for the past 6 years. The above rates I am speaking about are your conventional 30-year fixed rate mortgages with a 740+ credit score.  FHA rates are still in the 3's now, and basically have been in the 3's since 2010 and they have not left the 3's ever since. So what is the difference between FHA and Conventional loans? Why wouldn't we put everyone in an FHA loan since the rates are lower? FHA has great rates, but every FHA loan has PMI and an Upfront Mortgage Insurance Premium.  So an . . .

October 29, 2018


by Keeping Current Matters
With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional.Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.Here is a list of just some of the people with whom the seller must be prepared to negotiate with if they decide to For Sale by Owner (FSBO):The buyer who wants the best deal possibleThe buyer’s agent who solely represents the best interests of the buyerThe buyer’s attorney (in some parts of the country)The home inspection companies, which work for the buyer and will almost always find some problems with the houseThe . . .

October 22, 2018


by Keeping Current Matters
There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase. It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets, anything less than six months will cause home values to appreciate and anything . . .

October 16, 2018


by Keeping Current MattersFor a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame?Here’s what some of the experts have to say on the subject:Aaron Terrazas, Senior Economist at Zillow, says that “Boomers are healthier and working longer than previous generations, which means they aren’t yet ready to sell their homes.”According to a study by Realtor.com, 85% of baby boomers indicated they were not planning to sell their homes.It is true that baby boomers are healthier and are thus working and living longer, but are they also refusing to sell their homes? Last month, Trulia looked at the housing situation of seniors (aged 65+) today compared to that of a decade ago. Trulia’s study revealed that:“Although seniors appear to be delaying downsizing until . . .

October 08, 2018


by Keeping Current Matters
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.Realtor.com reported that:“Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option…as people get more savings in their pockets, buying becomes the better option.”What proof exists that owning is financially better than renting?1. In a previous blog, we highlighted the top 5 financial benefits of homeownership:Homeownership is a form of forced savings.Homeownership provides tax savings.Homeownership allows you to lock in your monthly housing cost.Buying a home . . .

October 01, 2018


by Keeping Current Matters
The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand).Buyer DemandThe map below was created after asking the question: “How would you rate buyer traffic in your area?”The darker the blue, the stronger the demand for homes is in that area. The survey showed that in 38 out of 50 states buyer demand was slightly lower than this time last year but remains strong. Only six states had a ‘stable’ demand level.Seller Supply The index . . .

August 15, 2018


by Keeping Current MattersThe number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May.How will this impact buyers?More inventory means more options. Mark Fleming, First American’s Chief Economist, explained that this is good news for the housing market – especially for those looking to buy:“The continued year-over-year growth in completions means more homes on the market in the short-term, offering some immediate relief in alleviating housing supply shortages.”How will this impact sellers?More inventory means more competition. Today, . . .

August 09, 2018


by Keeping Current Matters
Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say:“The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern…some households may be employing these instruments to purchase homes that would otherwise be unaffordable, and consequently their use could be adding to pressures in the housing market.” Greenspan was warning that the loosening of lending standards could lead to disaster. And it did.With home prices again appreciating at percentages well above historic norms, many are wondering whether the market is again becoming “frothy.” Mortgage standards are much stricter now, however, than they were . . .

February 28, 2018


by Keeping Current MattersEvery homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?Here are two keys to ensure that you get the highest price possible.1. Price it a LITTLE LOW This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting . . .
1 2 3 chevron_right

Featured Listings

sold
SomeBODY once told me
$3
sold
9
beds
7
baths
1
Sq Ft
sold
$
sold

beds

baths

Sq Ft
sold
$
sold

beds

baths

Sq Ft
sold
$
sold

beds

baths

Sq Ft

Recent Posts

Get Started!