How’s The Real Estate Market? Read What The Experts Are Saying
How’s The Real Estate Market? Read What The Experts Are Saying: As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying:
Doug Duncan, Fannie Mae Chief Economist
“Positive demographic factors should continue to reshape the housing market, as rising employment and incomes appear to be positively influencing millennial homeownership rates.”Diana Olick, CNBC
“Even as more homes come on the market for this traditionally popular sales season, they’re flying off fast, with bidding wars par for the course. Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are firmly in the driver’s seat.”Daren Blomquist, Senior VP at Attom
“I am guessing we will see it get even better… If you are considering moving, it could be a really good time to sell.”Lawrence Yun, NAR Chief Economist
How’s The Real Estate Market? Read What The Experts Are Saying
“The early returns so far this spring buying season look very promising as a rising number of households dipped their toes into the market and were successfully able to close on a home last month. Although finding available properties to buy continues to be a strenuous task for many buyers, there was enough of a monthly increase in listings…for sales to muster a strong gain. Sales will go up as long as inventory does.”Mark Fleming, First American Chief Economist
“Despite higher mortgage rates, the potential for home sales increased on an annual basis driven by steady income and job growth, along with a surge in building permits. While it may be a little late for this spring, the increase in building permits is a welcome sign that some relief may be in sight for the inventory shortages that are holding back many markets from realizing their full potential this spring.”
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There’s More to a Bubble Than Rising Home Prices
What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened. “A bubble requires both overvaluation based on fundamentals and speculation. It is...
Want to Buy a New Home? Find New Home Builds in Los Angeles
Want to Buy a New Home? Find New Home Builds in Los Angeles, Orange, San Bernardino and Riverside Counties. The most up to date info in one search.
What If I Wait Until Next Year to Buy a Home?
As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home.
How Much More Equity In Your Home Over the Last Year?
Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.
How Much Equity Do You Have In Your Home? You Will Be Surprised!
If you are one of the many Americans who is unsure of how much equity you have built in your home, don’t let that be the reason you fail to move on to your dream home in 2018! Let’s get together to evaluate your situation!
712,000 US Homes Moved Into Positive Equity in 2017
The average homeowner gained approximately $14,900 in equity during the past year. Compared to Q3 2016, negative equity decreased 22% from 3.2 million homes, or 6.3% of all mortgaged properties. U.S. homeowners with mortgages (roughly 63% of all homeowners) have seen their equity increase by a total of $870.6 billion since Q3 2016, an increase of 11.8%, year-over-year.
First Step To Buying A Home Is Getting Pre Approved
One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
The Cartier Experience
California Homes Days on Market Drops below 30 in October 2017
The National Association of REALTORS® surveyed their members for their Confidence Index.
Charts Don’t Lie About Housing Affordability
There’s a lot of discussion about the current state of housing affordability for both first-time and move-up buyers. Much of the narrative is tarnished with a negative slant.
Historically Speaking, There’s No Housing Bubble Coming Soon!
Historically Speaking, There’s No Housing Bubble! Let’s break this down. From 1975 to 1990, home values trended at standard 5% annual growth. In 1990, when the US entered into a recession, new construction prices fell.
Low Housing Inventory Results in Double Digit Price Increases
Low Housing Inventory Results in Double Digit Price Increases. If you are a first-time buyer or a seller thinking of moving up, waiting probably doesn’t make sense.
Buying A Home Or Renting, You’re Paying Someones Mortgage
As an owner, your mortgage payment is a form of ‘forced savings’. This allows you to build equity in your home. You can tap into this equity later in life if you choose. As a renter, you guarantee the landlord is the person with that equity.
Cooling Down and Home Buyers are Heating Up…Time To Sell
Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s
1st Step To Buying a Home… Know Your Credit Score
Make sure all the information listed on your report is accurate and work to correct any mistakes.
Lack of Home Inventory Makes Now… Best Time To Sell
The inventory of homes for sale has fallen year-over-year for the last 28 months and has had an upward impact on home prices.
First Time Homebuyers Flocking to Our Down Payment Assistance Program
We’re sharing some very exciting news today for First Time Homebuyers! New California State Programs are making homeownership a reality for first time homebuyers. Owned a home in the past?
Buying A Home Costs Significantly Less Than Renting
Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!