If you live in Southern California, no doubt you have seen what's happening with home prices. They keep going up, and up, and up. Your friends, family have bought homes, you have seen their net worth increase on account of it, and perhaps you are wondering if you should follow suit! There are some fundamental questions you need to ask yourself....
While there are many factors that come into play as to when the best time is to sell a home, there are seasonal advantages. Nationwide, statistics prove that from March to April or May is when sales activity reaches its highest point for home sales. Traditionally, the spring brings warmer weather and a general feeling of optimism. Buyers come out of the woodwork at peak buying season. The downside to...
The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship...
As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement. According to the National Association of Exclusive Buyers...
Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. Now that the first quarter numbers are in, we can begin to...
The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since hitting a 50-year low in 2016. The homeownership rate in the first quarter of 2018 was 64.2%, higher than last...