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Home > Archives for May 2022 > Page 2

Archives for May 2022

How Homeownership Can Bring You Joy

If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a Continue Reading

Why Rising Mortgage Rates Push Buyers off the Fence

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership Continue Reading

If You’re a Homeowner, You Have Incredible Leverage When You Sell Today

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three Continue Reading

Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC]

Some Highlights If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide. In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves. If you’re Continue Reading

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the Continue Reading

Are There More Homes Coming to the Market?

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re Continue Reading

Will Home Prices Fall This Year? Here’s What Experts Say.

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts Continue Reading

How Today’s Mortgage Rates Impact Your Home Purchase

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly Continue Reading

2022 Housing Market Forecast [INFOGRAPHIC]

Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting 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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