Market Trends
The Next Generation of Homebuyers Is Here
Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the sooner you can move on from renting. As you set off […]
Los compradores quieren saber: ¿Por qué la oferta de las viviendas sigue siendo tan baja?
Una pregunta clave que es la más importante para los compradores de vivienda este año es: ¿por qué es tan difícil encontrar una casa para comprar? La verdad es que estamos definitivamente en un mercado de los vendedores, por lo que los bienes raíces son ultra competitivos para los compradores en este momento. El número de compradores que buscan […]
There Won’t Be a Wave of Foreclosures in the Housing Market
When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago. […]
How Much Do You Need for Your Down Payment?
As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment? If you think you have to put 20% down, you may have set your goal based on a common […]
Mid-Month Irvine Market Update
One more update for Irvine this year… and guess what?! As expected, we’re seeing that buyers are still out there searching for homes but not in the numbers they were even just a couple of weeks ago. Perhaps, they’ve decided to pause their search until after the holiday season, which is very typical. As expected, […]
Mid-Month Market Update: Orange County, CA
Hello! We’ve made it. Another year in the books and this is the LAST market update for 2021! What a ride it’s been! And, there’s no surprise here but we are still dealing with massive housing constraints. Everyone (even if you haven’t been following real estate per se) has heard or knows of someone that […]
If You Think the Housing Market Will Slow This Winter, Think Again.
From the opportunity to take advantage of today’s low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home. According to the experts, buyers are making moves right now, creating an unseasonably strong housing market for this time of year. As we wrap up the fall season and move into the winter months, here’s […]
How To Think Strategically as a Buyer in Today’s Market
The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game. The homebuying process, like chess, requires strategy and planning. Here are a few things to keep in mind to […]
Home Is Where the Heart Is More than Ever This Year
There’s no denying the financial benefits of homeownership, but what’s often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a home. This year, those emotions are stronger than ever. We’ve lived through a time that has truly changed our needs and who we are, and as a result, homeownership has a […]
How Smart Buyers Are Approaching Rising Mortgage Rates
Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.” If […]