California Housing Market Returning To Normalcy As 2015 Begins

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California mortgage company, Blue Home Loans, Inc. comments on the California Association of Realtor’s ® most recent home sales and price report.

Home sales increased in some California cities last month, according to the December 2014 home sales and price report from the California Association of Realtors ®, while other CA cities saw a slow in sales, partially due to tight inventory. Overall, December home sales were up 0.06% year-over-year and all things considered it looks as if the California housing market is returning to normalcy as the old year ends and the new year begins. California full-service mortgage company, Blue Home Loans, Inc., has been helping clients to gain the maximum amount of savings on their home loans for many years and now takes a look at the recent California housing market trends and gives some advice for those who have home loan plans for the near future.

The California loan company takes a look at the C.A.R. ® report on December Home Sales and Pricing, which was released this January 15, 2015. This report looks at the number of sales closed in December 2014 as well as the median price for a single-family detached California home. As the last report of the year, the December report allows for a final look back on the past year and where the California housing market is at going into 2015. C.A.R. Vice President and Chief Economist Leslie Appleton-Young is quoted in the report, saying,

“2014 saw a return to a near normal housing market, with sales moving at a moderate pace and home price appreciation growing at more sustainable levels… Home prices have stabilized over the past year, which is positive news for buyers who have been putting off their home search until prices leveled off. And with recent news of an improvement in the job market and the lowest interest rates in a year and a half, buyers may be resuming their home search.”

Blue Home Loans explains that while there is room for improvement in the California housing market, today’s surprisingly low mortgage rates, and bold moves by some of the dominant loan agencies to make housing more affordable (such as the FHA’s lowered mortgage insurance premiums and Fannie and Freddie’s 3 percent down payment option), make for a great opportunity – both for California homeowners who did not get a chance to refinance to a lower rate last time mortgage interest rates were this low and for those who have been waiting for the right time to purchase their first home.

California borrowers who want to be sure that they benefit from the best California mortgage rates in 2015 will find that they can count on the mortgage experts at Blue Home Loans, Inc. to find them the best rates and mortgage programs for their unique financial situation and home loan goals. The Blue Home Loans website states, “We make finding a loan simple because we have virtually every loan program available, regardless of the type of mortgage you are looking for. Whether you are dealing with bad credit, foreclosure, bankruptcy, or low credit scores, we can help you. It only takes us five minutes to find the right program that fits your needs."

For more information on how Blue Home Loans can help California home loan borrowers get approved for their home purchase loan or refinance quickly, please visit BlueHomeLoans.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

California Bureau of Real Estate -- BRE #01938557 NMLS #1162386

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Brandon Blue
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