Understanding reverse mortgages can be a great asset to maximize homeownership and financial security in retirement. At age 62 or above, homeowners find reverse mortgages, or Home Equity Conversion Mortgages (HECM), as a viable option offering the flexibility to borrow against their home equity without the burden of monthly payments. This financial tool, albeit complex, provides an opportunity to improve...
As we progress into 2024, we are keeping a keen eye on the Inland Empire Real Estate Market for you. In today's update, we are going to cover recent trends in both Real Estate and Mortgage Rates. We know that fluctuating mortgage rates connected to broader economic indicators heavily influence the real estate market. The Inland Empire, known for affordable housing options, is also impacted. Higher mortgage...
The state of homeownership affordability in CaliforniaOne of the most significant challenges for Californians in recent years has been the increasing unaffordability of homeownership. That is especially true in Southern California. The skyrocketing housing prices have made it nearly impossible for many individuals and families to achieve the dream of owning their own homes. However, in the middle of this...
Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why.Near-Record Percentage of New Home InventoryNewly built homes are becoming an increasingly significant part of today’s housing inventory. According to the most recent report from...
In today’s report, we are doing an in-depth analysis of the real estate market in San Bernardino and Riverside Counties, AKA The Inland Empire - Our report will analyze the most recent data up to December 2023. We will give you current market values, trends, and other important numbers relevant to your market so you can make informed decisions if you are considering moving in or out of the Inland...
As we step into 2024, the Southern California housing market presents a fascinating blend of challenges and opportunities. Amidst fluctuating economic conditions, experts have laid out a series of predictions that could shape the housing market in Southern California. In this blog post, we will take a deep dive into "5 Southern California Housing Market Predictions for 2024", focusing specifically on the...
Are you considering a move in Southern California? Keeping an eye on the housing market is key, especially when it comes to the availability of homes. Understanding the dynamics of local listings is crucial for both buyers and sellers in Riverside and San Bernardino counties.Typically, the real estate market experiences predictable seasonal trends. Spring is usually the most active time of the year, seeing...
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...