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Irvine Real Estate Getting Cheaper To Finance

Irvine Real EstateThe beginning of summer signals the start of the busiest home buying season of the year.  With kids finishing school and daylight sticking around longer, home sellers are ready and willing to put their Irvine Homes and Condos on the market knowing that they will attract more attention now than in another time throughout the year.  So far in 2014, home buying has been on the slower side, which is surprising considering how cheap it currently is to finance your Irvine Real Estate purchase.

A recent article in Realtor Magazine (“Mortgage Rates in a Falling Streak”) highlights the current downward momentum of mortgage interest rates.  According to the article, nationwide average interest rates have fallen for 5 straight weeks and are now at levels not seen since October 2013.  For a 30-year fixed mortgage (the most popular option with buyers utilizing financing), the interest rate averaged 4.12%, while the 15-year average rate was almost a point lower at 3.21%.

Home prices continue to rise throughout the country, and prices in the Irvine Real Estate Market are no different.  The great thing is, due to the following mortgage rates, you can make up the savings through financing your home purchase while still getting great prices on homes.  Even though Irvine housing prices have risen since the lows of 2011, there are still great deals to be found throughout the city.  If you are a well-qualified potential home buyer interested in purchasing Irvine Real Estate, do not let the low rates pass you by; you are in a better position now than people who bought during the first few months of the year.

If you would like more information on homes for sale in Irvine, please do not hesitate to contact us.  Happy hunting!

Irvine Condo Reviews – August 14th

23 Bijou

23 Bijou is a split-level attached townhome located in the Ivy development of Woodbury East.  This Irvine condo for sale offers 2 master bedrooms with full bathrooms and a separate half-bathroom.  You enter through a tiny gated courtyard that may be accessed from the lower bedroom; this is the only outdoor area for the unit, but residents have access to the nearby Palm Club and its pool, fitness center, large park, and sports courts.  Right through the front door are stairs that go up and down; downstairs is one of the master bedrooms, while the upper level has the primary living area, kitchen and second master bedroom.  Both bedrooms have nice bathrooms and smaller walk-in closets, and there is a small nook downstairs currently being used as office space.  The living area is not overwhelming in size but receives nice natural lighting, and the kitchen opens to the living room and features granite counters and stainless appliances.  This is an excellent starter condo or potential rental unit, especially due to the 2 master bedrooms.

Woodbury and Woodbury East, Irvine CA

70 Townsend

This is one of the nicer Woodbury townhomes currently on the market – it feels more like a single family home than a condo.  You enter into a large living room with built-in cabinetry and a central formal dining area; the kitchen is also open and has been nicely appointed with granite counters and stainless appliances.  Beautiful wood flooring runs throughout the living areas, while the rest of the townhome is carpeted.  There is a main floor master bedroom with a walk-in closet and an upgraded private bathroom; this is a perfect guest or in-laws suite.  There is also a half-bathroom on the lower level along with the laundry room; a private enclosed patio is just off the living room and is great for indoor-outdoor entertaining.  Upstairs is a smaller secondary bedroom with a private bath and the second master bedroom of the home.  The upstairs master is similar to the lower level, and the two master baths are the same – large central tub, dual sinks with granite counters, separate showers, and separate toilet rooms.  This home has been nicely updated and maintained, and pack rats will love the amount of built-in storage throughout the home.

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Phone: (714) 454-6304
Email: info@ocresidential.com

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