Market Updates

June 11, 2021

What’s Motivating People to Move Right Now?

Not surprisingly, many Americans are moving – or wanting to move - for a variety of reasons at this hour. 

A recent study revealed these key points regarding why people have chosen to move recently, resulting from the pandemic’s influence on their decision:

·         Concern for personal family health ...

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Posted in Market Updates
June 8, 2021

What Home Sellers are Thinking Right Now

 

The vast inventory gap of US homes for sale is finally and very slowly beginning to shift, in a positive direction.

It’s interesting to note what is on sellers’ minds as they gingerly enter the market. This game still very much has them in the catbird seat as they ...

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Posted in Market Updates
May 28, 2021

THE PRICE OF THINGS

For the most part, prices do not remain the same.  Over time just about everything becomes more expensive.  After a while, we all adjust to the higher prices.  Gasoline was $1.12 per gallon back in 2002, compared to $4.20 today.  A visit to the ...

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Posted in Market Updates
May 12, 2021

Why You Should Sell Your House Now: 3 Telling Graphs

All signs point to 2021 reigning as Year of the Seller when it comes to the housing market.

For those thinking of moving to a home that better suits changing needs, now is the perfect time to do so. With low mortgage rates still offering favor combined with high buyer ...

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Posted in Market Updates
May 5, 2021

Buy Now or Wait?

Thinking of waiting to buy a home in the next year or two?

Experts across the board are predicting increases in both home prices and interest rates. It’s unlikely that waiting to buy will mean saving money.

 

There is much to be said for buying now, which will equal ...

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Posted in Market Updates
April 13, 2021

Buyer Competition is Good News for Sellers

This information is from the latest Realtors Confidence Index Survey by the National Association of Realtors (NAR).

If making a move is a serious consideration, Sellers are wise to partner with an experienced agent to take optimal opportunity of the market’s favor right now.

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Posted in Market Updates
April 9, 2021

Tax Refund and Stimulus May Help Achieve Homeownership This Year

Plans to buy a home in 2021 may start with saving for a down payment, and a great way to jumpstart this savings is with the help of one’s tax refund.

The IRS estimates that Americans can expect an average refund of $2,925 when filing their taxes this year. The map ...

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Posted in Market Updates
March 31, 2021

SoCal Housing Summary: First Quarter 2021

In our area, all over LA, and nationwide, It has been a hot Sellers’ Market since June of last year. This 9-month-long streak almost rivals the record 15-month streak from April 2012-July 2013. That summer, higher interest rates were that which ended the run.

The sharp rise in mortgage rates ...

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Posted in Market Updates
March 30, 2021

Major Home Equity Gains in the US

At the moment, home price appreciation is driving equity higher throughout the US.

If your lifestyle is changing and you’re considering a move, there’s no time like the present to allow your equity to work for you in the purchase of a new home.

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Posted in Market Updates
March 24, 2021

What Credit Score is Needed for a Mortgage?

One question that concerns many is whether their credit score is strong enough to qualify for a mortgage.

Today's stricter lending standards can be a challenge for some and still, many buyers might be surprised at the options that are available for borrowers with lower credit scores.

The average ...

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Posted in Market Updates