One of the biggest questions plaguing the current housing market is where mortgage interest rates will be at this time next year. Over the last two months, rates have begun to creep up (see chart). Though we don’t like to project rates moving forward, we do want you and your family to have the information [...]
If you're out looking and writing offers, you probably already know this, but it's going to be a fast paced spring with lots of buyers competing for a comparatively small pool of homes. An article on HousingWire.com speaks to that and shares some interesting data from Realtor.com. They've compiled a list of the 20 hottest [...]
This spring has been interesting for California real estate. The feedback that we're getting from our agents is that we are back in a "multi offer" world and scarce supply of homes for sale is pushing prices even higher. The infographic below illustrates the hotspots across the country. California isn't the only place where buyers are [...]
In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. Sellers often want to price their home higher than recommended, and many agents go along with the idea to keep their clients happy. However, the best agents realize [...]
The table below makes an incredibly important point. Basically, "the early bird gets the worm". In the real estate business, we sometimes use the term "cost of waiting" to describe the loss of opportunity or the higher cost that a buyer might suffer after hesitating to buy. What might the cost of waiting be if you [...]
There are many benefits to homeownership, one of top ones, is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. The National Association of Realtors (NAR) just released their findings of a study in which they studied “income growth, housing costs and changes in [...]
The holiday season is behind us, time to focus on what exciting new experiences 2015 can bring! If you are planning on becoming a homeowner, or moving up to the home of your dreams in 2015, here are four great reasons to consider buying a home now, instead of waiting until spring. 1. Prices Will [...]
Is spring closer than we think? Depending on which Groundhog you witnessed today, you may have less time than you think to get your home on the market before the busy spring season. Many sellers feel that the spring is the best time to place their home on the market as buyer demand traditionally increases [...]
According to the National Association of Realtors’ (NAR) in their latest Existing Home Sales Report, on average, across the US, 13,808 houses sell EVERY day! 13,808! Today, tomorrow....the next day.... NAR reported that sales are at an annual rate of 5.04 million. Divide that number by 365 (days in a year) and we can [...]
If you own a home in the San Diego area, you might be happy to know that your home appreciated last year and a rate that was 50% faster than the national average. Just today, an article reported that the median price of a home in San Diego jumped to $495,000 by the end of last [...]
