Find your weekly news on Real Estate here!
HUGE HOME PRICE GAINS EXPECTED TO MODERATE AS SUPPLY INCREASES
Home prices have jumped up dramatically over the past year, but that does not mean they will CONTINUE to rise. Will they? Economists at CoreLogic believe prices will moderate. For more information, CLICK HERE!
HOW TO BUY AND SELL A HOME AT THE SAME TIME
Many sellers finally have a chance to sell their home, but the idea of selling and buying at the same time can be overwhelming. For more information, CLICK HERE!
RISING INTEREST RATES PUSHING BUYERS AND SELLERS TO CLOSE
With interest rates up again last week, they are now at their highest level of the year. Buyers who have rates locked are rushing to close, the result is a surge in closing. For more information, CLICK HERE!
MORE HOMES TO CHOOSE FROM: GOOD FOR BUYERS; BAD FOR SELLERS
With interest rates up for the 3rd straight week, the number of homes on the market is starting to rise back up from historic lows a few weeks ago. For more information, CLICK HERE!
WILL ENDING FED STIMULUS HURT HOUSING?
Will higher mortgage rates chill real estate prices? As the Fed stops propping up the economy, some economists are worried about the effect it may have on real estate prices. For more information, CLICK HERE!
COURTING THE CHINESE BUYER: THE NEW CALIFORNIA REAL ESTATE BOOM
Bargain prices in the US combined with political pressures in China are driving record Chinese investment in California real estate, becoming the dominant factor in many sub-markets. For more information, CLICK HERE!
CAN REMODELING PROJECTS BE RECOUPED?
Many times homeowners want to improve homes in order to sell them, but according to remodeling professionals, even the best projects only recoup 79% of the value of the investment. For more information, CLICK HERE!
3 REASONS THE HOUSING ECONOMY MAY NOT LAST
The housing market has made a big comeback over the past year with home prices surging and it seems like home buyers can't seem to buy up properties fast enough. But just as quickly as the market has gone up, some experts worry it will come crashing back down. For more information, CLICK HERE!
SINGLE FAMILY HOME RENTS FLATTEN AS INVESTORS SATURATE THE MARKET
While the limited inventory has caused housing prices to increase, rents have remained flat due to the increased purchases by investors. For more information, CLICK HERE!
THE HOME BIDDING WARS ARE BACK!
The market has gone from hot to sizzling, with some listings getting not just multiple offers but 10, 20, and more! For more information, CLICK HERE!
MORTGAGES BECOMES SLIGHTLY EASIER TO GET AS STANDARDS EASE
Credit standards appears to be easing a bit, making it easier for buyers of homes to qualify to purchase. The required credit scores have dropped slightly, the income ratio permitted have risen, and the down payment required has also dropped. For more information CLICK HERE!
HOMEOWNERS LOOKING TO BUY A NICER HOME SHOULD NOT WAIT
Homeowners looking to trade-up have seen their equity grow, and the mortgage rates seem to have hit bottom, according to recent predictions from the Mortgage Bankers Association. Many factors point to now being the time to make a move if you are looking to sell your home and move up. For more information CLICK HERE!
MANY UNDERWATER HOMEOWNERS ARE COMING UP FOR AIR
According to the latest Federal Reserve data, homeowner's equity rose nearly $500 billion in the latest 3 months of 2012. What does that mean to you? It could mean that after years of struggling with an underwater mortgage, you are seeing the market value of your property rise into positive equity. For more information CLICK HERE!
CASH COURSE IN HOUSING ECONOMICS
Something unusual is going on in the current housing recovery. With all the activity, home sales back to 2007 levels in many areas, 36% of the homes are being purchased for cash, indicating an unusually large number of homes are being purchased for investment. At the same, rents, which had increased initially, have stalled under pressure of increased taxes and gas prices. This might be a great time to pocket those profits or get a home on the market now! For more information CLICK HERE!
IS IT SAFE TO SELL YOUR HOME NOW?
Things are finally starting to look up for homeowners hoping to unload their properties. But values are still well below their 2006-2007 peak. For more information CLICK HERE!
HOUSING INVENTORY, ALREADY LOW, DROPPED FURTHER IN JANUARY!
The homes for sale inventory, at the lowest level in 11 years, dropped AGAIN in January! If you have a home you are considering selling, now may be a great time to get it on the market! For more information CLICK HERE!
THE BEST DAY TO LIST A HOME IS...
T.G.I.F.!!! One of the days of the week can mean an extra $5,000 in a home seller's pocket! Last year homes listed on Fridays sold for 1% higher than any other days of the week according to an analysis by a national real estate company. For more information CLICK HERE!
HIGH END HOMES SELL ON A ROLL IN CALIFORNIA!
California's luxury home market is BOOMING, with homes selling over $1 million at their highest levels since 2007. For more information CLICK HERE!
HOUSING MARKET'S FOR-SALE INVENTORY HAS SHRUNK
Home buyers are flocking to the market, but they are not finding much to choose from. If you are thinking of selling a home, this might be a great time to get your home on the market. For more information CLICK HERE!
HOME SELLING SEASON ISN'T WAITING UNTIL SPRING THIS YEAR
Looks like buyers are starting earlier before home prices go up and mortgage rates rises. For more information CLICK HERE!
SOUTHERN CALIFORNIA HOMEBUILDING SPEAKS TO RECOVERING HOUSING MARKET
The Southern California homebuilders survey the market and see modest improvement throughout. For more information CLICK HERE!
GOOD NEWS ABOUT REAL ESTATE: HOME EQUITY IS GROWING AGAIN!
In the Los Angeles area alone, homeowners have gained over $122 billion in home equity. For more information CLICK HERE!
EXTENSION OF THE MORTGAGE FORGIVENESS DEBT RELIEF ACT AND DEBT CANCELLATION
For homeowners who are worried that their mortgages were falling short of their current home values, The Mortgage Debt Forgiveness Relief Act was set to expire on December 31, 2012 has been extended! Consumers who are faced with hardships can overcome their financial difficulties when they incur forgiven debt. The Act serves to waive tax implications on what otherwise would be considered taxable income. For more information CLICK HERE!
HOW THE FED HELPED SELLERS BEAT THE ODDS
In 2012, the Fed pushed interest rates to record lows, helping homeowners by creating demand and pushing home values higher. Will this continue? For more information CLICK HERE!
EXISTING HOME SALES AT HIGHEST LEVEL IN FOUR YEARS!
Existing home sales are up, prices have improved, and inventory remains tight. For more information CLICK HERE!
WHAT TO DO WHEN AN APPRAISAL COMES IN BELOW THE SELLING PRICE
Getting a home into escrow is great, but what gets it closed is what separates a rookie from a professional like me. One of the challenges in this market can be the appraisal. For more information CLICK HERE!
HOME BUYERS ARE BACK, BUT WHERE ARE THE HOUSES?
Buyer interest in real estate is at a fevered pitch, but inventory is at its lowest level in 13 years! If you are considering selling your home, this might be a great time to get your home on the market. For more information CLICK HERE!
HOME SALES CLIMB AS BUYERS RUSH TO LOCK IN RATES
The chief economist at the National Association of Realtors says the recent rise in mortgage interest rates is causing buyers to finalize decisions to buy now before rates go higher. In fact, he says this may be the "last hurrah." Is it? For more information, CLICK HERE!
MORE HOMES EXPECTED TO GO ON MARKET, MODERATING PRICES
A study from the California Association of Realtors expects more homes to come on the market over the next year, moderating prices. For more information, CLICK HERE!
HOMEBUYER COMPETITION COOLS OFF IN SEPTEMBER
Competition for homes declined for the sixth consecutive month in September, as the market continues to cool. What does this mean to you? For more information, CLICK HERE!
HOME IMPROVEMENTS DO NOT ADD ANY VALUE FOR THE SELLER
I have had many sellers tell me they want to spend money and fix up their home before they sell. While it sounds like a good strategy, in reality, the numbers that are there is not a project you can do to increase the value of the home by more than the amount you spend! For more information, CLICK HERE!
ONE IN FOUR HOME SELLERS FORCED TO LOWER THEIR ASKING PRICE IN SEPTEMBER
Last year, and earlier this year, almost all homes listed went into escrow almost immediately. Today, pricing a home correctly has become very important as the prices have leveled off. In fact, one-quarter of all listings today are getting price reductions. For more information, CLICK HERE!