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Home > Archives for October 2019 > Page 3

Archives for October 2019

Voted #1 Real Estate Agent/Team for 2019

THE VOTES ARE IN! We’ve been named a winner in Style Magazine’s annual Best of survey! This is the 4th year in a row that Leonardi has earned the title as Best Real Estate Agent in Folsom & El Dorado Hills. Thank you to our Team, Client and the community! Continue Reading

62% of Buyers Are Wrong About Down Payment Needs

Contrary to common misconception, a down payment is often much less than many believe. According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s Continue Reading

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]

Some Highlights: Learning the lingo of homebuying is an important part of feeling successful when buying a home. From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them. Your local professionals are here to help Continue Reading

3 Signs the Housing Market Is on the Rebound

The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound. The residential real estate market has been plodding along for most of the year. However, three recent reports Continue Reading

4 Tips to Improve Your Home and Save on Your Energy Bill

By making a few key upgrades to your home, you’ll save on your utility bills and improve the energy efficiency of your home. When you’re ready to sell your house, these key features will make it even more attractive to potential buyers. As a homeowner, it’s important to Continue Reading

What to Expect from Your Home Inspection

You made an offer and it was accepted. Your next task is to have the home inspected prior to closing. Agents often recommend you make your offer contingent upon a clean home inspection. This contingency allows you to renegotiate the price you offered for the home, ask the Continue Reading

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Newly Listed! Welcome to 1418 Crocker Dr. in the d Newly Listed!
Welcome to 1418 Crocker Dr. in the desirable gated community of The Summit in El Dorado Hills. First time on market, this stunning property features 4 BR w/ 2 spacious master suites which include covered verandas w/ incredible views, 4 BA, a steam shower, upper/lower-level laundry areas, spacious 30'+ 4-car garage, elevator option from garage to main floor. Upon arrival, you're greeted by a beautiful 8' mesquite wood front door, Saltillo tile floors, sweeping staircase w/ vaulted ceiling. Kitchen & family rm feature large windows for mesmerizing lake views & sunsets, French doors open to covered verandas, granite & Italian marble counter tops, copper farmhouse sink, soft close Knotty Alder wood cabinets, High-end SubZero & Thermidor Stainless steel kitchen appliances. Pride of ownership shines throughout, from the Artist designed landscaping & driveway to many of the home's interior details & features. This is the property to see if you are looking for that special place to call home. Listed at $1,895,000
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You may be reading headlines and hearing talk abou You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market is in a bubble. The results indicate most a majority (60%) said the real estate market is not currently in a bubble.

If you’re concerned a crash may be coming, here’s are two key factors that should help ease your concerns.

>>1. Low Housing Inventory Is Causing Home Prices To Rise

Inventory is nothing like the last time. Prices are rising because there’s a healthy demand for homeownership at the same time there’s a limited supply of homes for sale. Odeta Kushi, Deputy Chief Economist at First American, explains:

“The fundamentals driving house price growth in the U.S. remain intact. . . . The demand for homes continues to exceed the supply of homes for sale, which is keeping house price growth high.”

>>2. Mortgage Lending Standards Today Are Nothing Like the Last Time

During the housing bubble, it was much easier to get a mortgage than it is today. Purchasers who acquired a mortgage over the last decade are much more qualified than they were in the years leading up to the crash. Realtor.com notes:

“. . . Lenders are giving mortgages only to the most qualified borrowers. These buyers are less likely to wind up in foreclosure.”

A majority of experts agree, we’re not in a housing bubble. If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008.

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🏡Buying a home allows you to stabilize what’s 🏡Buying a home allows you to stabilize what’s typically your biggest monthly expense: your housing cost. When you have a fixed-rate mortgage on your home, you lock in your monthly payment for the duration of your loan, often 15 to 30 years. James Royal, Senior Wealth Management Reporter at Bankrate, says, “A fixed-rate mortgage allows you to maintain the biggest portion of housing expenses at the same payment. Sure, property taxes will rise and other expenses may creep up, but your monthly housing payment remains the same. That’s certainly not the case if you’re renting.”

🏡So even if other prices increase, your housing payment will be a reliable amount that can help keep your budget in check. If you rent, you don’t have that same benefit, and you won’t be protected from rising housing costs.

🏡While it’s true rising home prices and higher mortgage rates mean that buying a house today costs more than it did even a few months ago, you still have an opportunity to set yourself up for a long-term win. That’s because in inflationary times, you want to be invested in an asset that outperforms inflation and typically holds or grows in value.

🏡If you’ve been thinking about buying a home this year, it makes sense to act soon, even with inflation rising. That way you can stabilize your monthly housing cost and invest in an asset that historically outperforms inflation. If you’re ready to get started, DM us so you have expert advice on your specific situation when you’re ready to buy a home.
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