California faces a crisis of housing affordability due in large part to an under-supply of available homes, as a result of excessive government building regulations. These attempts by bureaucrats to centrally plan the economy and reshape the very fabric of our traditional communities has resulted in unbalanced real estate market, where housing demand far exceeds […]
State Farm and AllState Halting Homeowners Insurance Sales in California
Last week Californians took another economic hit just before the fire season, as both State Farm and AllState said they will stop selling homeowners insurance in California. State Farm attributed the decision to three factors: “historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market.” Reinsurance is a method […]
California Association of Realtors Market Update
Policy makers in Washington D.C. avoided a default on its debt obligations as Congress and the Whitehouse engineered a last-minute deal to raise the debt limit. In anticipation of the agreement, mortgage rates have already been heading down for several days after having risen above 7% as worries over the debt ceiling reached fever pitch. […]
Experts Point to Benefits of Selling Now
Article by Current Matters: “If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on […]
2023 Real Estate Challenges Ahead
In order to understand the real estate market trends for 2023 let’s take a look at some economic factors: Interest rates, affordability, housing shortage and home sales. Interest Rates During 2022, the Federal Reserve Bank increased mortgage interest rates 7 times as seen in this chart. Once the rate of inflation was going up they moved […]
What Is Your Home Worth TODAY? Get Your FREE Market Valuation.
If you are thinking about selling your home, the first step is to find out what its value is. In a market with historical low housing inventory and high demand you can rest assured that the value of your home is at the highest point is ever been. The time to sell a home […]
Quantitative Easing Impact On Housing
As housing prices have skyrocketed in California, it is not surprising that it’s also the state with the highest poverty rate when housing is considered. The state median housing price is $800,000. As prices for goods, services, foods and now energy are surging all across the U.S. Housing prices have increased by almost 20% at […]
5 Initial Steps For A Profitable AirBnB & VRBO
A short-term vacation rental property can be a very profitable investment. However, careful consideration and serious research should be done prior to embarking into this endeavor, in order to avoid some costly mistakes. Most importantly, find out if owning a short-term vacation rental is right for you. Once you know you can do […]
Is Home Staging Worth The Investment?
If you are planing on selling your home, home staging should be at the top of your to-do list. Whether you hire a professional or do it yourself, selling your home will result in a faster and more profitable process. How Much Impact Does Home Staging Have on Buyers? According to a survey done by […]
January 2022 Pending Home Sales Decline
Pending home sales represent homes that are under contract but have not sold yet. According to the National Association of Realtors, pending home sales data shows a 5.7% decline for January 2022. That is a 9.5% from a year ago. The declined has been recorded nationwide in all regions of the U.S. The largest declined […]
Is The Best Time To Sell Your House Now?
Our economy is currently going through a high inflationary trend and rising mortgage interest rates. While at the same time, we have been experiencing a housing shortage supply, which resulted in extraordinary 2021 housing prices appreciation. But it seems that although 2022 will still bring modest buyer demand, experts are cautioning that we may be […]
Impact of Rising Mortgage Interest Rates on Housing Affordability
Will The Rise Mortgage Interest Rates Burst the Housing Bubble? Ahead of the Federal Reserve Bank’s announcement in March to raise mortgage interest rates, banks have raised the historically low 30 year fixed interest rates to 3.76% this month (February, 2022). This is the highest mortgage rates have been since 2020. Although mortgage interest rates […]
What is Inflation going to do to Housing Prices?
What Happens to Housing Prices during Inflation? As U.S inflation is the highest in 40 years, reaching 7.5% in January 2022 and strong demand is colliding with supply shortages. Consumers are seeing sharp increases for a variety of goods and services. Housing prices have not been the exception. According to a study done by Stanford […]
