3 Ways Home Equity Can Have a Major Impact on Your Life There have been a lot of headlines reporting on how home equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. ➡️ See My Active Listings … Continued
Will Forbearance Plans Lead to a Tsunami of Foreclosures? At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of … Continued
Proposition 19. If you own a home in the state of California, you’ve heard about this Proposition and like a lot of people, you’ve probably have a lot of questions out there. In the video above, I covered Proposition 13, then Proposition 60, Proposition 90,and how all of that changes with Proposition 19 and then … Continued
If one of the questions you’re asking yourself is, “Should I sell my house this year?” consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. Here’s why. ➡️ See my Active Listings Here … Continued
The housing market in San Diego CA recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate in San Diego CA, and the current market conditions are truly making this winter an ideal time to … Continued
Why It Makes Sense to Sell Your House This Holiday Season If you’re one of the many homeowners thinking about taking your house off the market for the holidays, hang on. You definitely don’t want to miss the great selling opportunity you have right now. Here’s why this month is the optimal time to … Continued
An Honest Look at Unemployment Numbers Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao: “We saw positive job gains, but I think the sentiment is largely negative because … Continued
In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):When you continually hear how mortgage rates are … Continued
Home Equity Gives Sellers Options in Today’s Market . . Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity … Continued
How Low Inventory May Impact the Housing Market This Fall in La Mesa CA . . Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively … Continued
