One of the current hot spots when it comes to people looking to buy new homes is Sacramento. The Sacramento area ranked fourth in all of the United States while it just trailed Miami, Phoenix and Tampa. In fact, 43% of the people who are using Redfin to buy a home aren't even from the region. However, one of the things that is concerning is that the home prices in the region are going way up. The … [Read more...]
Buy Now or Wait to Purchase a Home? – My Advice if Considering a Home in the Sacramento Area
Less Homes are Selling for Over Asking In the last couple of weeks, less homes are selling for over asking and more homes have price reductions. Home sales are beginning to slow down from a burning hot market. As the real estate market stabilizes, we may see a slight decrease in home prices to accommodate higher mortgage rates. Our Area is Still in Demand Sacramento and the surrounding areas … [Read more...]
Scared of getting a mortgage? A strategist reveals the 1990s gadget that gives her cause to be optimistic
It certainly feels that housing prices are out of control. The market is quite hot, and prices are skyrocketing. For the buyers, this means that the process of getting a new abode is quite frustrating. For those going through it for the first time, it can actually be intimidating. Yet, getting a loan to purchase your home is still a wise financial decision. Despite the rise in bank rates, even … [Read more...]
The Most Unnecessary—and Most Valuable—Builder Upgrades for Your New-Construction Home
Buying a dwelling that is in process of being built offers new owners a variety of opportunities to choose the style of added features and fixtures. This further cement your feeling of ownership and builders are aware of this feeling. You should avoid overspending on upgrades that you really don’t need and which often are just the latest fad. However, there is also a group of upgrades that you … [Read more...]
An open letter to sellers about today’s housing market
To say that the market of houses and apartment is wild would be an understatement. Ever since the beginning of the pandemic, the prices have been skyrocketing and things that were happening were quite extraordinary. For those looking to buy a property thing are beginning to calm down. If I were to address the sellers now, I would warn that of their waning power. Chasing unrealistic prices may … [Read more...]
As More Sellers Drop Prices, Is the Housing Market Finally Slowing Down?
The housing market has shifted in recent years, but not as dramatically as people may think. There are definitely changes, but they are slow in coming. Buyers have a slightly more favorable market, with prices dropping across-the-board. However, buyers also face the challenges of rising interest rates and higher mortgages. One benefit to buying right now is that there isn't a whole lot of … [Read more...]
When Will Home Prices Come Down? – The Top Question Buyers are Asking Me
The number 1 question I have gotten lately is "when are housing prices going to come down?" That is indeed a great question…and an answer anyone who is considering buying, now or in the future, will want to know. We need to reach stabilization first Using my 35 years of lending experience, I have watched financial markets go from one extreme to the other and then back again. With … [Read more...]
Homes prices in these cities could drop 10%, report says
Actions from Congress and the Federal Reserve helped to avoid a housing market bust, and housing prices surged instead. However, the Fed's actions are now pushing up mortgage rates and cooling off the housing market. Moody's Analytics found that metropolitan home prices are overvalued almost everywhere and are set to decline. However, CoreLogic thinks home prices will rise another 5% over the next … [Read more...]
As mortgage rates rise, here’s how to decide whether you should buy a home or rent
Buying a house or an apartment in a market like the one we are currently experiencing, can be a daunting task. Potential buyers are dealing with a market that is quite hot, with no signs of significant slowdown. In addition, inflation causes the rise in interest and mortgages are becoming less and less affordable. Therefore, more buyers are reconsidering their strategy and goals, which means that … [Read more...]
First-Time Homebuyers are Driving the Market Forward
When the global pandemic turned our world upside down, few people expected the real estate and housing market to take a path that it actually took. It would be reasonable to assume that prices would face downward pressure, but exactly the opposite happened, and the market has been on fire since early 2020. This makes it quite difficult for people who are trying to buy their first dwelling find a … [Read more...]