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Have you seen the news? Wall-to-wall headlines about the big housing market crash headed your way. You’d think it was a confirmed fact! As the CEO and founder of my own real estate brokerage, and an expert who’s been successfully working in the real estate industry for decades, I have news for you. There will be no housing market crash. I realize that’s a bold...
Tue, November 21, 2023 at 7:02 AM PST·4 min read FILE PHOTO: Homes for sale in Washington By Lucia Mutikani WASHINGTON (Reuters) - U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades and a dearth of houses drove buyers from the market. The report from the National Association of Realtors on Tue...
Now these are some numbers that look familiar. The housing market has spent a couple of months in the wake of the holidays stretching out of hibernation. But March’s nearly straight run of surges brings us back to very familiar territory. Maybe painfully familiar for buyers. It was a month that saw neighborhoods surging further into the seller’s favor in all except two cir...
Netflix star and The Agency founder and CEO Mauricio Umansky is eager to see home sales pick up steam this spring, but the celebrity agent is warning that buyers and sellers may still be stuck in a price rut. "Right now, consumers and sellers are just kind of stuck," Umansky said on "The Bottom Line" Wednesday. "Even if you're in a situation where you&#...
"Unlocking the Secret to Success: Selling Your Home in the Summer" If you're considering selling your home, timing is key. And let me tell you, summer is the golden ticket to a successful sale. Why, you ask? Well, let's break it down. First off, the weather. Summer brings sunshine, longer days, and a burst of energy that naturally draws people outdoors. Potential buyers ...
Certainly! Here are some practical tips for home improvement projects that can enhance property value: 1. **Kitchen Remodeling**: The kitchen is often considered the heart of the home. Upgrading countertops, cabinets, appliances, and lighting can significantly increase the value of your property. Focus on modern, energy-efficient appliances and durable, stylish materials for countertops like...
Sure, here are some common questions and answers about buying or selling property: Q: What should I consider when buying a property? A: Consider your budget, location preferences, property size, amenities, potential for future resale value, and any additional costs such as maintenance fees or property taxes. Q: How can I determine the market value of a property? A: You can research rece...
Emerging technologies like virtual tours are revolutionizing the real estate industry by providing immersive and convenient experiences for buyers, sellers, and agents alike. Here's how: 1. **Enhanced Property Showcase**: Virtual tours offer a comprehensive view of properties, allowing potential buyers to explore every corner without physically being there. This increases engagement and ...
The summer months can be a popular time for home buying for a few reasons: 1. **More Inventory:** Typically, more homes are listed for sale during the summer months, giving buyers more options to choose from. 2. **Better Weather:** People generally prefer to move during the warmer months when weather conditions are more favorable, especially families with children who want to avoid disrup...
It’s been an interesting month in the Greater LA housing market as more housing inventory flows into a parched market. We ended April’s absorption rate analysis with a prescient statement: “We did see a higher number of houses for sale in Los Angeles hitting the market in April. If that trend continues, we may see absorption rates drop closer to the buyer&r...