Mortgage Rates Drop Over 1.5% Since Recent Peak: What It Means for Southern California Homebuyers and Sellers.As of late 2024, mortgage rates have seen a notable drop of over 1.5% from their peak of around 8.0% in late 2023. As of Sept 30th, the average 30-year fixed-rate mortgage hovers around 6.2%, offering much-needed relief to prospective homebuyers and those considering refinancing their existing...
Could a 55+ Community Be Right for You?If you’re thinking about downsizing, you may be hearing about 55+ communities and wondering if they’d be a good fit for you. Here’s some information that could help you make your decision.What Is a 55+ Community?It’s important to note that these communities aren’t just for people who need extra support – they can be pretty vibrant, too. Many people who...
The Latest on the Luxury Home MarketLuxury living is about more than just stunning views and cutting-edge smart home technology—it's about elevating your lifestyle. And if you're in the market for a million-dollar home, now is an excellent time to explore the thriving luxury market. Here's why.The Number of Luxury Homes Is GrowingThe top of the market, or luxury homes, can mean different things depending...
Why Pre-Approval Should Be at the Top of Your Homebuying To-Do ListSince the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market. To make sure you’re ready, you need to get pre-approved for a mortgage.That’s when a lender looks at your finances, including things like your W-2, tax returns, credit score,...
The Surprising Amount of Home Equity You’ve Gained over the YearsThere are a number of reasons you may be thinking about selling your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s housing market – and that’s affordability. If that’s your biggest concern, understanding how much equity you have in your house could...
The Latest Builder Trend: Smaller, Less Expensive HomesEven though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you're worried about finding a home that’s right for your budget. Builders...
Falling Mortgage Rates Are Bringing Buyers BackIf you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number of economic factors. And yesterday the Federal Reserve cut the Federal Funds...
The Real Story Behind What’s Happening with Home PricesIf you’re wondering what’s going on with home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move.As a buyer, you might be worried about paying more than you should. And if you're thinking of selling, you might be concerned about not getting the price you're aiming...