Sean Speaks My goal is to provide some useful information on buying and selling a home in Santa Clarita as well as share some news and articles that I have found interesting.

Archive: March 2019

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Misc.

How be become a morning person!

Ever wish you could become one of those rare morning people? The ones that wake with a start, feeling refreshed and energized. The ones that get in that morning workout or wrap up some work before many of us even hit the snooze button for the first time. Here are five tips to help you achieve that early bird status!

  1. Create a morning schedule. Physically write down the things you’d like to complete in the morning and set a time for each. Then stick with it. Once you force yourself out of bed early one or two weeks consistently, you’ll find it gets easier and easier to do.
  2. Let the light in. Whether natural or artificial, light tells your brain its time to get up and get going. If your room lacks large windows where you can open the blinds up, consider investing in a timed lamp or alarm clock with a light.
  3. Prep and eat breakfast. Although there are many of us who chose the skip breakfast, it is key to perking up your energy in the morning. Try prepping protein-focused meals the night before or grab a yogurt or fruit and try to consume it right after you wake.
  4. Get your body moving. Whether it’s a short walk around your neighborhood or a rigorous 5:30 am spin class, getting your blood pumping will help wake up your body and has a ton of other benefits, like stress and anxiety reduction.
  5. Feed your mind. Stimulate your brain and do something you enjoy first thing in the morning. Try reading a favorite book, catching up on the news, doing daily meditation, or setting intentions.
Misc.

Buyers Face a Brighter Affordability Picture This Spring


coming soon sign

 

Though home prices are still up year over year in all 50 states, the overall affordability outlook is improving, according to Black Knight’s latest Mortgage Monitor Report. The decline in mortgage rates has helped increase consumers’ buying power by more than 6 percent and reduced mortgage payments on an average-priced home by $62, according to the report.

 

“There is good news in these numbers for prospective home buyers,” says Ben Graboske, president of Black Knight’s data and analytics division. “Combined with the average 30-year fixed-rate mortgage declining by more than half a point over the last three months, housing is now the most affordable it’s been since early in the 2018 homebuying season.”

With a 30-year fixed-rate loan, it currently takes 22.2 percent of the national median income—along with a 20 percent down payment—to cover the mortgage costs of an average-priced home, Graboske says. That’s down from a post-recession high of 23.4 percent just a few months ago and well below the long-term average of 25 percent in the late 1990s and early 2000s, he adds.

Home prices have slowed the most on the West Coast, particularly in California and Washington, the report notes. For example, California has seen its annual rate of appreciation drop from more than 10 percent in February 2018 to 3 percent at the end of 2018. The slowdown is most apparent in San Jose, Calif., San Francisco, and Seattle.

Nationwide, annual home price appreciation slowed for the 10 consecutive months ending in December 2018. Home price appreciation has dropped from a high of 6.8 percent annual growth in February 2018 to 4.6 percent by the end of the year, according to Black Knight. The lower home prices and mortgage rates will certainly help buyers who had been struggling with affordability, the report notes. Still, “while this is all welcome news for consumers heading into the spring homebuying season, it remains to be seen whether recent rate declines and easing affordability will be enough to halt the deceleration in home price growth,” Graboske notes.

Source:
Mortgage Monitor: January 2019,” Black Knight (March 7, 2019)