Women Homeowners salute RBG
Would you believe, if it weren’t for Ruth Bader Ginsburg, women might not be able to commit to a mortgage without a male cosigner? Her legacy leaves a lasting impact on women, and on the housing market. Last year, 17% of first-time home buyers and 18% of repeat home buyers were single women. In my […]
What Does the Prime Rate Mean for Mortgage Rates?
The Fed made an interest rate increase this week of 75 basis points, but several lending experts I’ve spoken to believe the mortgage market should not see negative implications since the increase has probably been priced into today’s rates. According to Mark Cohen of Cohen Financial, “I think the mid-June highs that sent some loan […]
Will Election Jitters Affect the Housing Market?
A global pandemic, historic unemployment, and civil & social unrest have all challenged the way we live. The real estate market seems to be one of the only things that have been unaffected. According to a study conducted by the National Association of Realtors (NAR), new forecasts predict there may be more homes purchased this […]
The Real Estate Roller Coaster
The sky isn’t falling, despite the sensationalized headlines about the real estate market. But the market is softening. The growing number of price reductions – a trend showing up in data from Southern California and across the US – is one of the strongest signs that the previously red-hot market is cooling. Some home sellers […]
Make Any Market a Seller’s Market
It’s a seller’s market, to be sure. But that doesn’t mean you can just list your home for sale and expect a bidding war and top dollar. As prices rise and competition remains fierce, buyers are still discerning and want to feel like they’re getting a really great home for the amount they are paying. […]
Bridging The Gap
It’s hard enough to be a buyer in today’s real estate market if you’ve got money in the bank and a loan pre-approval. It’s nearly impossible if buying is contingent on the sale of your current home. What are your options if you can’t buy before you sell? Or if you are worried about being […]
How Russia-Ukraine War Could Affect U.S. Housing, Economy
Russian airstrikes battered Ukrainian cities this week, and the conflict is being felt around the globe. Financial markets worldwide likely will feel the impact of the Russian invasion of Ukraine, the largest military operation in Europe since World War II. Economists are warning that the U.S. housing market should brace for some possible changes in […]
How Inflation Will Affect Homebuyers
Inflation refers to an increase in the price of goods and services in an economy. When price levels increase, each dollar buys less. Consequently, inflation results in a reduction of the purchasing power of money. You’ve seen it at the grocery store. You’ve seen it at the gas station. What does it look like in […]
A New Form of Homeownership in LA
Tenancies-in-Common, or TICs, are on the rise in Los Angeles. They appeal to many first-time homebuyers who have been priced out of the market, but is the opportunity as great as it seems? A TIC is basically a group of people pooling their resources to buy a multi-unit building. Instead of buying a condo and […]
You Can Remain Optimistic about the Housing Market
One of the most common questions I receive from my clients these days is: “Will there be a market crash?” I think this is a natural concern based on buyer concerns that they may be purchasing at the top of the market; as well as from sellers who wonder if they need to sell now […]