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Housing Market FAQ: Your Most Pressing Questions Answered



Answering the most common questions people are asking about this market.


 

Since the real estate market is so volatile, most people have a lot of questions. Are you one of those people? I have been getting a lot of questions lately, so I’m here to address the top three: 


1. Is the housing market going to crash? People have been wondering this for a while now, but I do not believe the market is going to crash anytime soon. Inventory is down, which is making it harder for people to find homes. However, demand is high, which keeps prices up as well. Therefore, the housing market won’t crash this year.


2. When will the market crash? Again, many people are wondering when this will happen, but I do not believe it will this year. The number of investors in the market has gone up by 18%, so there are experts that believe the market will go up in value. There may be a problem with supply and demand, but the biggest thing is that many people are looking for ways to invest their money that are better than the stock market or a savings account.

"There aren’t enough homes for the demand, which is why the market is a little out of control."

3. Why is the housing market so out of control? Homeowners have gained a lot of equity in the last few years as home prices have skyrocketed. Plus, they either bought or refinanced when interest rates were low, so they’re holding onto their low payments. Plus, there has been a building shortage, as there hasn’t been a surge of new construction since 2010. There aren’t enough homes for the demand, which is why the market is a little out of control. 


Those are the three most common questions I have been getting. If you have any other questions, feel free to reach out to me by phone call, text, or email. I look forward to speaking with you soon!





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The Ultimate Guide To Deciding When To Sell



A few things to consider when making the decision to list your home.


 

Do you want to sell your home but are not sure whether to sell now or wait? To help you make the best real estate move, I’m sharing a few things you need to consider when deciding when to sell. Ultimately, it all depends on your situation.


Feel free to watch the full video above or use these timestamps to browse specific topics at your leisure:


0:00 — Introduction


0:37 — Do you have equity?


1:08 — Will the home sale help you financially?


1:45 — Do you have a place to go?


2:54 — Do you have the money to move?


3:35 — Are you emotionally ready?


4:20 — Will you be working with an experienced Realtor?


4:48 — Conclusion


If you need help deciding when to join the market or have any real estate questions, call or email me. I’m always happy to help.




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The 5 Best Reasons Why You Should Still Buy a Home



Here are the five best benefits of homeownership in California.


 

As a real estate agent, I’m a big believer in homeownership as a path to building long-term wealth. However, you don't just have to take my word for it. Today, I’m sharing five amazing benefits of owning a home:


1. Appreciation. Here on the West Coast, we have high appreciation rates. Over the last 40 years, the average appreciation rate has been 5.25%. Even during lower times, appreciation is still one of the best ways to gain wealth. If you buy a home and its value goes up 5% or more every year for the many years that you own it, that's a substantial way to build wealth just by living in your house.


2. Equity. When you rent, you're making a monthly payment, but when you buy, you're building equity. You're paying down the principal while gaining appreciation, which builds equity. This is a forced savings plan, which is a great way to build wealth over a long period of time.


3. Predictability. Rent prices have been going up across the nation, and in California, they can increase as much as 10% a year. With a 30-year fixed mortgage, you know what your monthly payment is going to be every month for the entire term of the loan. This is a great way to make sure your budget stays in line, and that you know exactly what your payments are.


"Rents in California can increase by as much as 10% per year."


4. Freedom. Owning your own home means you can make your own decisions about how you want to decorate, expand, or modify it. As a renter, you don't have this freedom.


5. Taxes. Homeowners get to write off closing costs, property taxes, and part of their principles. This is an amazing way to build wealth, but renters can’t take advantage of these tax benefits. 


The truth is that if you plan on staying in a property for three or more years, it makes more financial sense to buy than rent. If you have questions about this topic or anything else, please call or email me. I am always willing to help!



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