A new generation of young home buyers is tiptoeing into the market

The rate of first-time home buyers is finally picking up after eight years into the economic recovery. This is driven by young Americans growing more comfortable in their careers and reaching an age when people tend to put down roots.

The article is written by Andrew Khouri for LA Times. You can read the full article here.

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Sheila Abai is a senior mortgage consultant at PNC Bank. She utilizes her 20+ years of finance and mortgage experience to identify the best mortgage and refinancing solutions for her clients. Sheila can be contacted via email at Sheila.Abai@PNC.com or via telephone at 310-666-5959.

Home prices in parts of Southern California are at record highs — and keep rising

In many corners of Southern California, home prices have hit record highs. And they keep going up. The price increase was even greater than the 7.1% rise recorded in May, and some agents say there are no signs of a slowdown in the Southern California market.

In Los Angeles County, the median price in June jumped 7.4% from a year earlier to $569,000, surpassing the previous record set in May. In Orange County, the median was up 6.1% from 2016 and tied a record reached the previous month at $695,000.

The article is written by Andrew Khouri for Forbes Online. You can read the full article here.

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Sheila Abai is a senior mortgage consultant at PNC Bank. She utilizes her 20+ years of finance and mortgage experience to identify the best mortgage and refinancing solutions for her clients. Sheila can be contacted via email at Sheila.Abai@PNC.com or via telephone at 310-666-5959.

L.A.’s real estate industry enters the age of bitcoin

Bitcoin is an open-source digital currency that, through its peer-to-peer exchange system, avoids the need for banks.

A bitcoin real estate transaction is the confluence of two extremely bubble-prone fields. Although the technology is still in the early stages and few people are actually buying goods with the currency, real estate presents a compelling use case for bitcoin — even though spending it to buy a home can lead to a legion of unforeseen frustrations.

A handful of bitcoin-seeking luxury real estate listings have popped up around the country, and experts predict the digital currency could grow to be a viable means of home buying.

The article is written by Jack Flemming and Phillip Molnar for Forbes Online. You can read the full article here.

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Sheila Abai is a senior mortgage consultant at PNC Bank. She utilizes her 20+ years of finance and mortgage experience to identify the best mortgage and refinancing solutions for her clients. Sheila can be contacted via email at Sheila.Abai@PNC.com or via telephone at 310-666-5959.

Three Steps To Protect Yourself From Cybercrime During A Real Estate Transaction

Cybercrime happens daily across industries, and the real estate business is no exception. A criminal can swipe up to hundreds of thousands of dollars with a simple fake email — and then you can no longer buy your dream home, because your life savings is gone.

The silver lining is that the solution, how to avoid falling prey to a scam, is just as simple as the crime. Read on to learn how to protect yourself from cybercrime during a real estate transaction.

The article is written by Forbes Real Estate Council for Forbes Online. You can read the full article here.

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Sheila Abai is a senior mortgage consultant at PNC Bank. She utilizes her 20+ years of finance and mortgage experience to identify the best mortgage and refinancing solutions for her clients. Sheila can be contacted via email at Sheila.Abai@PNC.com or via telephone at 310-666-5959.

Six Key Signs That A Local Real Estate Market Is Changing Gears

If you are a seller looking to offload a property, or a buyer looking to get the most out of your investment, you want to make sure you truly understand the market cycle and when is the right moment to act. Six members of Forbes Real Estate Council share the key signs to look for to tell whether or not a local real estate market is heating up. Read the article to find out what they recommend.

The article is written by Forbes Real Estate Council for Forbes Online. You can read the full article here.

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Sheila Abai is a senior mortgage consultant at PNC Bank. She utilizes her 20+ years of finance and mortgage experience to identify the best mortgage and refinancing solutions for her clients. Sheila can be contacted via email at Sheila.Abai@PNC.com or via telephone at 310-666-5959.

Seven Signs You Should Turn Your Real Estate Investing Passion Into A Full-Time Job

Knowing when it is time to move into the real estate market as a full-time investor can be quite a challenge. You may be skittish and feel the time just isn’t right. Or, you may be anxiously chomping at the bit to get started.

Seven members of the Forbes Real Estate Council share some of the signs you should keep an eye out for to help you figure out whether you should quit your day job in favor of full-time real estate investing.

The article is written by Forbes Real Estate Council for Forbes Online. You can read the full article here.

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Sheila Abai is a senior mortgage consultant at PNC Bank. She utilizes her 20+ years of finance and mortgage experience to identify the best mortgage and refinancing solutions for her clients. Sheila can be contacted via email at Sheila.Abai@PNC.com or via telephone at 310-666-5959.

Midwestern Cities Top List for First-Time Home Buyers

Indianapolis, Pittsburgh, Cleveland, and Chicago rank among the nation’s best markets for first-time home buyers. Here are the top 10 markets for first-time home buyers, according to Zillow’s rankings.

The article is written by Zillow for Forbes Online. You can read the full article here.

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Sheila Abai is a senior mortgage consultant at PNC Bank. She utilizes her 20+ years of finance and mortgage experience to identify the best mortgage and refinancing solutions for her clients. Sheila can be contacted via email at Sheila.Abai@PNC.com or via telephone at 310-666-5959.

7 Things I Wish I Knew Before Buying My First House

The entire home buying process is actually much more complicated and stressful than you would expect. Here are seven things you should know before becoming a first-time home buyer.

The article is written by Julia Dellitt for Forbes Online. You can read the full article here.

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Sheila Abai is a senior mortgage consultant at PNC Bank. She utilizes her 20+ years of finance and mortgage experience to identify the best mortgage and refinancing solutions for her clients.  Sheila can be contacted via email at Sheila.Abai@PNC.com or via telephone at 310-666-5959.

How Risky Is Your Home Buyer Profile?

Mortgage lending is all about determining whether you have the ability and the willingness to pay back that mortgage you applied for to buy or refinance your house. The mortgage approval process can be fraught with stress and consternation as lenders decide just how risky a borrower profile might be while borrowers wait impatiently to find out. Here are some mortgage approval land mines ranking from mere oversights to thermonuclear-no-grounds-for-appeal-decline issues.

The article is written by Mark Greene for Forbes Online. You can read the full article here.

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Sheila Abai is a senior mortgage consultant at PNC Bank. She utilizes her 20+ years of finance and mortgage experience to identify the best mortgage and refinancing solutions for her clients.  Sheila can be contacted via email at Sheila.Abai@PNC.com or via telephone at 310-666-5959.

Getting A Mortgage? Ask Your Lender These 6 Questions First

When shopping for a mortgage, most people are thinking mainly about the size of their monthly payment. While that’s all well and good, there are many other factors to consider, as well. Below are six additional questions to ask your lender before you sign on the dotted line. Read them over to make sure you leave feeling informed about the entire process.

The article is written by Tara Mastroeni for Forbes Online. You can read the full article here.

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Sheila Abai is a senior mortgage consultant at PNC Bank. She utilizes her 20+ years of finance and mortgage experience to identify the best mortgage and refinancing solutions for her clients.  Sheila can be contacted via email at Sheila.Abai@PNC.com or via telephone at 310-666-5959.