Posts

Can Builders save the market from a commission lawsuit, insurance carriers leaving CA, and the Fed?

A major lawsuit could upend real estate transactions depending on what kind of buyer you are. Builders are stepping up to the plate again in the middle of insurers fleeing California and the Fed toying with markets.

Can a Tax Credit save the “First Time Buyer” in a market that feels out of reach?

https://youtu.be/AiGjZoCFwx4

Recently, President Biden Floated the idea of providing a $10,000 tax credit to “First Time Homebuyers,” but is this a solution that can really work, or is it a timely attempt pre-election to address the growing affordability challenge buyers face in the tight market? As listings grow and more inventory makes its way onto the market, home buyers find themselves still needing to make MORE MONEY to qualify in 2024. As price appreciation continues to be a great friend to homeowners who’ve held onto their property(ies), it may be no friend when it comes to those still aspiring to achieve the dream of homeownership.

Inventory heats up! Along with Sentiment AND Demand

We’re not even in the full swing of Spring yet and ALREADY the real estate market is heating up. Inventory began surging in some parts of the country, mortgage demand confirms BUYERS are ready to get into homes. All this adds up to Sentiment hitting levels not seen since March 2022!

A Deep Dive into San Diego’s Tight Market, Median down payments, and obstacles facing aspiring homeowners

A recent industry article came out specifically about the San Diego real estate market and just how tight it REALLY is. This goes hand-in-hand with the newest National Median Down payment data release and the major obstacles facing aspiring homeowners in 2024. We know there’s no easy way out of the current set of conditions, but we’re going to do our best, we’re going to bring solutions to the table, and we’ll encourage our clients and partnerships along the way!

What you can learn from a millionaire renter, and how to save the California housing crisis

The market is wasting NO TIME in 2024. Renters and homeowners alike are feeling bounced around by market shifts, uncertainty and a changing landscape that’s got a lot of people scratching their heads. The questions then become: What can we learn from a millionaire renter? Why are existing home sales rising while rates are too? And how do we fix the California housing crisis?

Shoppers are gearing up for the Spring Home-Buying season

The Spring/Summer buying season is already upon us, BUT bold predictions of mass uncertainty are shifting conversations and decisions already. With more and more homeowners staying in their homes for much longer than before, will you be hunkering down in 2024 – or will you be GOING FOR IT to make this year the most memorable of your real estate ownership experience.

Is Homeownership REALLY the latest humble brag?

A Realtor.com article came out just in time for valentines day that asserts homeownership could be the latest humble brag, but is it really? We agree and disagree on this while also batting around the idea of accessing Home Equity, insurance companies leaving homeowners high and dry in high risk areas, and review the latest loan delinquency data.

The Fed holds the line while home prices increase!

Clashing factors are digging their heels in when it comes to housing. The Federal Reserve held rates as expected, but rising housing prices have voters putting the pressure on legislators. Who will budge first, Fed Policy or Policy Makers?

Mortgage Rates are creeping up, but Demand is too?

It may seem counterintuitive to think that demand would increase at the same time that rates are inching back up again. But once we look at the data, and we match that with our borrower’s sentiment, goals and personal aspirations…it makes sense. And what about that generation that’s hunkered down and aging in place?…Is this normal, abnormal, and is it a fad or the new trend among retirees and soon to be retired?

Bidding Wars Round 2, Price Drops ease up, and Serious Mortgage Delinquencies lowest since 1999

If you told us in 2023 that we would see the return of buyer bidding wars, the number of homes experiencing price drops would be in decline, and that serious mortgage delinquencies lowest since 1999….we probably would have laughed. But here we are at the end of January and this is REALLY happening in the market. While we can’t ignore the other signs that could spell trouble in the months and quarters ahead, it’s work making a pitstop on these results to ask ourselves – WHAT THE HECK IS ACTUALLY GOING ON IN THE REAL ESTATE MARKET!?!