California has the highest population of seniors in the nation and the aging population is expected to grow faster than any other age segment in upcoming years. 11.7% of Californians (over 3 million people) are 65 or older currently.
Here are the numbers from a study released by the Milken Institute.
Per the National Association of Home Builders, Housing permits — a future gauge for home building — reached its highest level since August 2008, rising 6.8 percent in July over the previous month, the U.S. Census Bureau reports. What’s more, building permits are up nearly 30 percent over year ago levels.
Have you noticed that fewer and fewer homes are on the market in Ventura? Then, most likely you noticed that it is happening all around the country too! Here’s a snap shot of the June 2012 inventory based on listings in realtor.com. (Realtor.com is a database of all MLS (multiple listing services) real estate databases around the country.)
With mortgage rates at an all-time low, you get more for your money than ever before!
The blue in this chart represents National 30-year fixed mortgage rates.
The green in this chart represents National 30-year fixed jumbo mortgage rates.
The red in this chart represents National 7/1 ARM mortgage rates.