Bill Burch- Mortgage Broker/Consultant

08/15/2022

Answering your most common real estate financing questions:
https://intmort.com/q-a/

Have a question regarding a loan?
Contact me today at [email protected]

08/15/2022

MBS Highway Housing Survey
The MBS Highway Survey, which is comprised of roughly 3,000 Mortgage and Real Estate Professionals, was just released in August. We created a new shareable image below, a great touch point for customers and referral partners. There is certainly a slowdown in activity and pricing pressure from July to August, but 53% of respondents still cite that their markets are active, while 47% note that it is slower. 16% of those surveyed are still seeing price increases, while 58% are seeing some degree of price decreases, although many of these are listing prices that are coming down to earth and not home value declines. Almost half of the respondents are seeing the sales pace at normal levels, with homes selling near the asking price.

08/02/2022

Hello,

Check out this market snapshot video for a recap of last month's housing stats for San Diego.
If you have any questions about what is happening in the market, please call, text, or email at any time -- looking forward to continuing to serve you with any financing needs you may have.

Sincerely,
Bill

A monthly video email that gives housing statistics by geographical area.

07/22/2022

https://www.youtube.com/watch?v=RdLfomz0W2c&t=2s
Mortgage Minute with Bill Burch:
Are we headed for a housing crash?

Get to know the ins and out of mortgage and the market on my social media pages. For more Mortgage Minutes with Bill Burch, check out my YouTube channel!

You can contact me today at [email protected]

Mortgage Minute with Bill Burch: Are we headed for a housing crash?CC: The media has been throwing around the idea that we’re headed for a housing crash. But...

07/22/2022

Q & A with Bill Burch: What common mortgage misconceptions do you hear?

Do you have any questions about mortgages or the market near you? I'm buzzing to get in touch and answer your questions!



Message me, comment on my posts, or email today to get in touch; [email protected]

07/13/2022

Buying a house in San Diego
As prospective homeowners compete for the limited number of available properties here, consider this your guide to navigating the market, submitting a winning bid, and unlocking the door to your new pad.

Sunny San Diego is a popular — and expensive — place to call home.

07/13/2022

Three Financial Considerations Before Buying Your SoCal Dream Home
- credit: Lenders will evaluate your credit history and score during the application process to determine eligibility. The idea is to assess whether you’re financially responsible enough to handle a loan. Your credit reports provide mortgage companies with a lot of insight, including the types and amounts of credit/loans you’ve received, payment history, debt-to-income ratio, credit utilization rates, and more.
-monthly expenses: No matter where you move, you’ll need to cover the necessities for yourself and your family. Such expenses include housing (mortgage, insurance, property taxes, and maintenance), utilities, food, transportation, healthcare, and clothing. Create a list of each necessary expense.
- income: Do you have enough money to sustain a decent quality of life? Sure, you may have some money set aside in a bank account, but do you have a substantial income source to maintain your expenses?

Southern California is an amazing place to live. Check these financial considerations before buying your SoCal dream home.

07/03/2022

Hello,

Check out this market snapshot video for a recap of last month's housing stats for San Diego.

If you have any questions about what is happening in the market, please call, text, or email at any time -- looking forward to continuing to serve you with any financing needs you may have.

Sincerely,
Bill Burch


https://usherpa.com/loanofficer/membercontent/localhousingvideo/1cbe179a-161f-4f5d-83b9-72355d9137c4?msaLocationId=36&processEmailId=929591&processEmailRecipientId=317850912

06/24/2022

Happy Summer!
As we welcome summer, enjoy the warmer weather, we hope your home is filled with great memories.

If you have friends or family with mortgage needs, please send them our way. We have a wide range of loan programs that may help.

06/17/2022

How inflation is impacting San Diego housing market
"Powell says with the interest rate hike – and the price of everything else being so high, buyers are reluctant to pull the trigger and put a bid on a home. "

Reach out to me today to learn more about our ever-changing housing market


https://www.cbs8.com/article/news/local/paradise-at-a-price/rising-interest-rates-san-diego-housing-market/509-c1f6d501-bf72-4485-af46-1567aaa3af9e

06/09/2022

FHFA House Price Index
The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts. While you can have a million-dollar home with a conforming loan amount, it’s typically measuring your lower priced homes. Prices rose 1.5% in March and are up 18.7% year over year, which is a slight decline from 19.4% year over year, but still extremely hot.

06/09/2022

Zillow & Pulsenomics Q2 Survey
The Q2 Zillow and Pulsenomics Home Price Expectations Survey, which is something that we take part in and is a survey of the top 100 to 150 economists in the US, showed some interesting forecasts on housing: Of the 114 economists surveyed this time, participants expect on average 4.8% appreciation per year over the next 5 years. Cumulatively, they expect over 26% appreciation. While it's not easy to buy a home, it still may prove to be a smart financial decision. Risk outlook: 14% risk to upside, 29% balanced, 56% risk to downside On housing currently being in a bubble: 65% no, 35% yes On soft landing: 71% said no, 29% said yes – most believe we will see a recession On peak inflation at 8.5%: 59% said no, 41% said yes.