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The Housing Market in California Today

September 20, 2022

California Neighborhood A Summary Of The Real Estate Market In California Might Read, “Mixed Bag”.  While Home Prices Increased Year-Over-Year In July, The Number Of Homes Sold Fell By A Whopping 31.1% And The Number Of Homes For Sale Rose As Compared To Last Year. According To The California Association Of Realtors 30 Counties Recorded Sales Declined More Than 30% From Last Year.

A summary of the real estate market in California might read, “mixed bag”.  While home prices increased year-over-year in July, the number of homes sold fell by a whopping 31.1% and the number of homes for sale rose as compared to last year. According to the California Association of Realtors 30 counties recorded sales declined more than 30% from last year.

The Central Coast experienced the largest decline among major regions, with sales decreasing 37.3% from the previous year.  However, the good news for sellers is, median sales price continued to grow in nearly 80% of the California counties!  The final median home prices decreased by only 3.5% to $833,910 (meaning homes are selling for less than asking price) – but this median home price was 2.8% higher than last year at this time.

The report for August reads as follows:

  • Closed sales per day: 513
  • Pending sales per day: 306
  • New listings per day: 260
  • % Of active listings with reduced price: 41.6%
  • % Of homes closed above list price: 35%
  • Median days of the market for closed sales: 22

Currently, we see some markets cooling down.  It is good to keep in mind that all real estate is local and the national news headlines don’t necessarily apply to every market around the country. It would appear that in most of California it has gone from an extreme seller’s market to a more balanced one. One thing remains constant: real estate is now and always has been a sound investment.

If you are looking for a profitable place to invest your portfolio, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com and become one of our many private investors in Deeds of Trusts.  Earn upwards of 13% return on your investments in stronger real estate Notes.

Smoother Financing Options Here!

September 15, 2022

Sailboat Edit Getting Approval For A Home Loan Or Refinance Does Not Have To Be A Bumpy Ride! Our Private Money Lending Programs Can Finance Big Loans Fast – Even When Turned Down Elsewhere.  Let Us Help You Or Someone You Know Before This Summer Ends Like We Did Below:

Smooth Sailing Transactions with The Guys in the White Hats

Getting approval for a home loan or refinance does not have to be a bumpy ride! Our Private Money lending programs can finance big loans fast – even when turned down elsewhere.  Let us help you or someone you know before this summer ends like we did below:

Loan of the Week

Program: Investment Property Purchase

Loan Size: $732,000

Location: Alameda County

Days to Fund: 13 days

Why Came To Us: This Borrower was in contract to buy an investment property. He had a good down payment but since he was self-employed, he was having a problem proving enough income and keeping his debt-to-income ratio low enough for conventional financing.  This is where our Private Money loans became the solution!

If you or someone you know are having difficulty proving income or is turned down at the last minute, we have a solution:  Our Private Money loan programs make it smooth sailing to get your real estate transaction funded quickly! Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com with your questions or scenarios you may have.

Wine Country Trends in Real Estate for July 2022

September 13, 2022

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For purposes of this blog, Wine Country includes the counties of: Marin, Mendocino, Napa, Solano, and Sonoma.

  • Homes and Condos available for sale at the end of July= 2,697 (down 34% from July 2021; down 11% from June 2022) This has been the pattern for the past 3 months.
  • Inventory in the past 10 years has been more than 10,000 homes.
  • Sales= 1,169 (32% less than 2021; 7% less than June 2022)
  • Price reductions: Napa 15%; Sonoma 22%; Mendocino 45%
  • Selling more than original asking price: Sonoma 48%; Napa 35%; Mendocino 25%

Mortgage rates at the beginning of June reached 6.5%, but by July they were closer to 5%, which is not that far off the 4% we averaged for the past 13 years.

Some experts think that inflation may have reached its peak and is retreating slowly.  Buyers and Sellers alike would be pleased with this trend!

If you have been turned down for a conventional loan from a bank or mortgage broker, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com to see if a private loan is the solution to your problem.  We have been in business for 34+ years serving all of California and have thousands of Investors ready to help provide you with a fast refinance or purchase solution.

How To Make Waves with Fast Financing?

September 8, 2022

Waterskiing We Continue To “Make Waves” By Approving And Funding Loans Fast!Making Waves with The Guys In The White Hats

We continue to “make waves” by approving and funding loans FAST!

After 34 years of Private Lending, we’re pretty expert at providing you with FAST loans, just as we did below:

Recently Funded

Screen Shot 2022 08 26 At 12.33.28 Pm We Continue To “Make Waves” By Approving And Funding Loans Fast!

Let’s make some waves by getting your loan funded and fast! Give us a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com with any questions or scenarios and we’ll quickly answer with what we can do to help.

Roping In The Loan Size & Speed Ya Need!

September 1, 2022

Bull Wrangling Need Another Fast Purchase Loan Or Refinance?  Getting Turned Down Elsewhere For A Loan?Need another fast purchase loan or refinance?  Getting turned down elsewhere for a loan?

The Guys in the White Hats will wrangle in stubborn financing, solving with our Private Money Programs. With funding options up to 2 million, after 34 years we still have not run out of money and are ready to quickly finance you or someone you know, just like we did for the Borrowers below:

Recently Funded

Image3 1 Need Another Fast Purchase Loan Or Refinance?  Getting Turned Down Elsewhere For A Loan?

It’s not our first rodeo! At Sun Pacific Mortgage, we help Borrowers in California finance their real estate needs if they want fast loans or were turned down elsewhere.  Call Us at 707-523-2099 or visit our website at www.sunpacificmortgage.com with your scenario to see how we can help you or someone you know, wrangle in that loan!

 

Big, Fast, and Direct – Recently Helped Borrowers!

August 25, 2022

Wild Ride Getting Financing End The Wild Ride And Get Real Estate Financing With One Of Our Direct Private Money Programs.BIG And FAST With Our Private Money Loans!

End the wild ride and get real estate financing with one of our Direct Private Money Programs.

Purchase or Refinance mortgage taking too long?  Or being turned down at the last minute?  Let us help you or someone you know fulfill the need for BIG Speed Lending, just like we did below:

Recently Helped Borrowers

Image3 End The Wild Ride And Get Real Estate Financing With One Of Our Direct Private Money Programs.

We look forward to helping you or someone you know with our BIG and Fast Private Money programs.  Call us at 707-523-2099 or visit our website at www.sunpacificmortgage.com with your scenario and we will get back to you with how we can help!

North Bay Real Estate Trends for June 2022

August 23, 2022

Home Real EstateFor purposes of this report, we are including the counties of Marin, Mendocino, Napa, Solano, and Sonoma.

Inventory at end of June: 2,429 homes and condos (30% over last year; 19% over last month)

Nationally, listings are up 31% over the past year.

There were 1,310 sales in June, which was 30% below last year’s total sales and 12% below last month’s sales.

The ratio of listings whose price was lowered for each county reads as follows:  Sonoma 16%, Mendocino 22%, Napa 23%.

Those counties whose sales were more than the original listing price were as follows: Mendocino 26%, Napa 45%, Sonoma 61%.

Average sales price = $955,270 (+8% YTY)

Median Days on Market = 31 (-26% YTY)

Sales vs. List price = 102% (0% YTY)

What conclusions are we to take from this report? We are not in a free-fall, but real estate has cooled slightly off the frenetic pace we were on for the past couple of years. We are certainly not looking at another 2008, and for good reason. There is plenty of equity in existing homes and inventory is just not plentiful enough to satisfy the demand.

If you need help with your mortgage search, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We do fast, private loans considering loan-to-value rather than credit scores.

Successful Large Financing – We Can Help!

August 18, 2022

Ride the Private Money Jumbo Wave

Take advantage of our Private Money Loans and their many benefits:

Surfing Ka Take Advantage Of Our Private Money Loans And Their Many Benefits:

  • Jumbo financing
  • FAST Loans
  • Turned Down Elsewhere – We Can Help!
  • Trusted By Over 10,000 Borrowers

Loan of the Week

Program: Multi-Family Investment Refinance
Loan Size: 2.1 million
Location: Orange County
Why Came To Us: Mortgage Broker brought us her Borrower who was looking to refinance a rental. Borrower didn’t qualify for conventional financing due to high debt-to-income ratios and low credit, but this refinance was to fix both issues. With a loan to value of 54% we quickly had loan approval for his jumbo loan. Borrower was very happy with cash in hand & Broker relieved they could close another transaction with a grateful client!

At Sun Pacific Mortgage we are known for our fast resolution to large lending issues and we pride ourselves in skillfully navigating any rough lending waves! If you or someone you know need such services, call us at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We have helped thousands of Borrowers and Homebuyers ride our private money jumbo waves, resulting in attaining the loan they wanted.

What Happened in the North Bay Real Estate Market in June 2022?

August 16, 2022

What Happened In The North Bay Real Estate Market In June 2022?The North Bay cities of Santa Rosa, Petaluma, Rohnert Park, and Windsor showed marked declines in homes and condo sales numbers compared to June 2021, but smaller declines from May 2022.  Here are some sample statistics:

Santa Rosa:

  • Available at end of June = 218 (-24% from June 2021; +28% from May 2022
  • New sales = 184 (-36% from June 2021; -11% from May 2022)
  • Median sales price = $750,000 (+6% from June 2021)
  • Days on Market = 29

Petaluma:

  • Available at end of June = 65 (+30% from June 2021; +30% from May 2022
  • New sales = 62 (-8% from June 2021; = to May 2022)
  • Median sales price = $947,000 (+6% from June 2021)
  • Days on Market = 21

Rohnert Park:

  • Available at end of June = 26 (-21% from June 2021; +1% from May 2022
  • New sales = 37 (-26% from June 2021; -21% from May 2022)
  • Median price = $733,000 (+32% from June 2021)
  • Days on Market = 22

Windson:

  • Available at end of June = 45 (+32% from June 2021; +55% from May 2022)
  • New sales = 27 (-31% from June 2021; -23% from May 2022)
  • Median price = $800,000
  • Days on Market = 24

The rise in mortgage rates has triggered some slowdown in the market, but at this time most economist see this as a “housing correction” not a “housing bust.”  They view the continued lack of available homes for sale to be the factor keeping prices from drastically falling currently.

If you are looking to buy in this ever-changing market, but cannot qualify for a conventional mortgage, give Sun Pacific Mortgage a call at 707-523-2099 or visit our website at www.sunpacificmortgage.com. We have been helping Borrowers like you in California for more than thirty-four years.

 

Faster and Higher – Financing When Needed!

August 11, 2022

Planes Edit2 Are You Unable To Get Home Loan Approval?  Private Money Loans Are Fast, And We Work Those In Need Of Fast Financing, Or They’ve Been Turned Down Elsewhere.Jumping High And FAST For You!

Are you unable to get home loan approval?  Private Money loans are FAST, and we work those in need of fast financing, or they’ve been turned down elsewhere.

We’ll help you jump higher and go faster towards that new home or refinance, like was done below:

Recently Funded

Screen Shot 2022 08 09 At 10.29.47 Am Are You Unable To Get Home Loan Approval?  Private Money Loans Are Fast, And We Work Those In Need Of Fast Financing, Or They’ve Been Turned Down Elsewhere.

Continuing our 34-year legacy of helping rescue any loan that falls through or doesn’t quite qualify at this time.  We’ve got those FAST Private Money Loans! Visit our website at www.sunpacificmortgage.com or Call 707-523-2099 with questions or scenarios – we’ll quickly reply.

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