Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future. In fact, a recent survey from Fannie Mae shows that 23% of consumers think prices will fall over the next 12 months. That’s nearly one in four people who are dealing with that fear – maybe you’re one of...
There’s no denying mortgage rates and home prices are higher now than they were last year and that’s impacting what you can afford. At the same time, there are still fewer homes available for sale than the norm. These are two of the biggest hurdles buyers are facing today. But there are ways to overcome these things and still make your dream of homeownership a reality.As you set out to make a...
If you're considering selling your house in today's market, especially here in the Inland Empire area, you're probably aware that the supply of homes for sale remains tight. This scarcity makes your property particularly attractive to buyers hungry for more choices. However, sellers are having a hard time answering the question: Once your house is sold, where will you move given the current limited...
Concerns about a potential recession have been a hot topic recently, and understandably so. The notion of a looming recession has raised fears among many about the potential for a significant increase in unemployment. This, in turn, has led to concerns about a possible surge in foreclosures, reminiscent of the challenging period we faced about 15 years ago.Yet, there's a silver lining, as indicated by the...
Are you dreaming of buying your own home in the Inland Empire and wondering about how you’ll save for a down payment? You're not alone. Some people think about tapping into their 401(k) savings to make it happen. But before you decide to dip into your retirement to buy a home, be sure to consider all possible alternatives and talk with a financial expert. Here’s why.The Numbers May Make It...
The California real estate market experienced considerable shifts in the past 12-18 months leading up to September 2023, influenced by high mortgage interest rates and record-high home prices. These factors significantly impacted buyer and seller behaviors, reflecting on the month's sales and price trends.Market OverviewThe pace of the California real estate market moderated in September 2023 compared to...
Planning to Retire? It Could Be Time To Make a Move. If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that...
A Significant Drop in InflationWe're halfway through 2023 and the U.S. economy has just received some great news. The inflation rate, which stood at a challenging 9.1% in June 2022, has remarkably been reduced to a comfortable 2.97% as of June 2023. This significant decline is a testament to the Federal Reserve's assertive policy of raising interest rates, a strategy that started in March 2022 and was...