Can a retirement account be used to purchase a home?

There are few things in life more frustrating than that longing to own your own home combined with the very real fact that your bank account is a bit on the skimpy side. The media is full of stories about shrinking home inventories and multiple-offer situations so there are obviously others who have found a way to swing the dream of home ownership. “What’s wrong with me?” you may wonder.

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As your Long Beach Real Estate experts Team Reyes is here to guide you through the process one document at a time. If you are unsure that Long Beach is the right place to settle down and call home, let Team Reyes give you the grand tour and share with you why Long Beach is positioned for so much more than just a place to call home.

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Take a look at these starter home $500K and under in Long Beach zip codes  90802, 90804, 90806, 90807, 90808, 90813, 90814, 90815. If you would like to schedule a no hassle appointment to view the inside click schedule and we will confirm promptly.

List of Long Beach homes $500K and UNDER!

In California New Construction Is Not Keeping Up With Demand!

If you have toyed with the idea of selling NOW is the time and here are the reasons why. We are in the thick of an exciting period of home buying and selling, often with quick multiple offers that are near, at or even above asking price, depending on the factors of the home and submarket in question. It was widely predicted that we would see healthy sales activity during the second quarter of 2016, and the market has not disappointed.

New Listings were up 1.0 percent for Single Family homes and 2.8 percent for Townhouse-Condo properties. Pending Sales increased 20.3 percent for Single Family homes and 10.2 percent for Townhouse-Condo properties.

The Median Sales Price was up 6.3 percent to $643,000 for Single Family homes and 3.1 percent to $400,000 for Townhouse-Condo properties. Months Supply of Inventory decreased 24.2 percent for Single Family units and 21.4 percent for Townhouse-Condo units.

Although inventory is still being stretched thin in many areas, low mortgage rates coupled with higher wages have built a relatively sturdy housing marketplace. How long that can continue without fresh supply remains an important question, but conditions are seemingly good enough for serious buyers. With the current slow state of new construction for non-rental households, the road ahead could be tricky if demand remains high. PWR_FSS_2016-05 lender mediated