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Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-nee...
04/11/2022

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers.

Whether the nearly two-thirds of potential sellers follow through with their plans to list in spring or summer will prove integral to buyers hoping to make a purchase before interest rates inch up even higher.

Our concept Is simple: Save Money With Technology. Visit us online: greendoor.io and ask about our rebate program. ⁠
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The pandemic put only a temporary damper on the housing market, as the market rebounded robustly, hotter than ever, part...
04/08/2022

The pandemic put only a temporary damper on the housing market, as the market rebounded robustly, hotter than ever, particularly in 2021. As we’ve rolled into 2022, the market is starting to simmer down just a little but not much. The median home price in January 2022 was $350,300, as compared to $356,700 from August 2021, according to the National Association of Realtors. And the inventory of unsold homes at the end of December 2021 dropped to an all-time low of 860,000.

It’s easy to feel the pressure to buy when houses are getting snapped up all around you, but does that mean you should jump or is it better to wait out a hot housing market and see if it calms down? Experts weigh in on the pros and cons of waiting it out.

For more information reach out to Greendoor! When you choose Greendoor to represent you in your next home purchase, we will cover your first mortgage payment. ⁠

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Maybe things are getting better? Coming off a month of strong growth in February, the U.S. jobs report released Friday a...
04/03/2022

Maybe things are getting better? Coming off a month of strong growth in February, the U.S. jobs report released Friday again showed a solid increase in non-farm payroll jobs. A total of 431,000 non-farm payroll jobs were added in March, and employment in the construction industry is now above its pre-pandemic level, after the industry added 19,000 jobs.

The unemployment rate dropped 0.2 percentage points from February bringing to 3.6%. The unemployment rate is now just marginally higher than its February 2020 level of 3.5%.

“Approximately 93% of the jobs lost in the pandemic have been regained,” First American deputy chief economist Odeta Kushi said in a statement. “If monthly gains continue at the March pace, we could return to the pre-COVID employment peak by July 2022.”

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At Greendoor, we skip right to what matters most, your monthly payment. ⁠⁠Just because you can afford something, doesn't...
03/30/2022

At Greendoor, we skip right to what matters most, your monthly payment. ⁠
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Just because you can afford something, doesn't mean you want to or should. ⁠
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Check out Greendoor.io and work smarter, not harder to find your next home!⁠
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☎️ 619-435-5777⁠
🔗 Greendoor.io
DRE #01834007

The one-two punch of higher mortgage rates and escalating home prices reduced homebuyers’ ability to buy homes in Februa...
03/26/2022

The one-two punch of higher mortgage rates and escalating home prices reduced homebuyers’ ability to buy homes in February. The trend is also likely to worsen in the coming months.

The national median monthly mortgage payment settled in loan applications increased 8.3%, from $1,526 in January to $1,653 in February, according to a survey published Thursday by the Mortgage Bankers Association. Compared to February 2021, payments jumped 25.6%.

With Greendoor.io, you can

☎️ 619-435-5777⁠
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Fed Chair Jerome Powell is done sitting idly on the sidelines as inflation burns away Americans’ purchasing power. The p...
03/24/2022

Fed Chair Jerome Powell is done sitting idly on the sidelines as inflation burns away Americans’ purchasing power. The plan? Draw upon the central bank's decades-old inflation playbook by increasing rates until demand pulls back and price growth slows.

This is already presenting a test for runaway inflation's poster child: the U.S. housing market. Even before the Federal Reserve issued its first rate hike last week, financial markets were pricing in higher mortgage rates. Back in December, the average 30-year fixed mortgage rate stood at 3.11%. Now that rate is up to 4.16%.

If you have questions about selling your current home, or purchasing a new home- Reach out to Greendoor! Search by payment, not price!⁠
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☎️ 619-435-5777⁠
🔗 Greendoor.io⁠
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SAN DIEGO HOME BUYERS!! Buying a home shouldn't drain all of your financial resources. ⁠💰⁠⁠When you choose Greendoor to ...
03/17/2022

SAN DIEGO HOME BUYERS!! Buying a home shouldn't drain all of your financial resources. ⁠💰⁠
⁠
When you choose Greendoor to represent you in your next home purchase, we will cover your first mortgage payment. ⁠
⁠
Our concept Is simple: Save Money With Technology. Visit us online: greendoor.io and ask about our rebate program. ⁠
⁠⁠
☎️ 619-435-5777⁠
GREENDOOR.IO⁠
DRE #01834007

U.S. home prices are up 18.8% over the past 12 months. That's well above the highest year-over-year rate (14%) notched l...
03/12/2022

U.S. home prices are up 18.8% over the past 12 months. That's well above the highest year-over-year rate (14%) notched leading up to the bursting housing bubble in 2008.

But housing economists are clear: This frenzy will eventually end. Simple economics dictates that home price growth can't outpace income growth forever. At its latest reading, home prices were growing six times faster than wages.

The housing market will eventually cool. That's the good news. The bad news? All signs point to the housing boom continuing through at least the spring housing market we've just entered.

Talk to the professionals at Greendoor real estate if you're thinking of purchasing a property this year!


☎️ 619-435-5777⁠
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DRE #01834007⁠

Any decline in international real estate transactions will have little direct impact on the U.S. housing market. Russian...
03/10/2022

Any decline in international real estate transactions will have little direct impact on the U.S. housing market.

Russian foreign buyers account for less than 1% of foreign buyer purchases, and overall, foreign buyers account for about 2% of existing-home sales, according to NAR's 2021 International Transactions in U.S. Residential Real Estate Report.

However, should oil prices be sustained above the $100/barrel level, the deeper effects of higher inflation, bigger future interest rate adjustments, weaker global currencies relative to the U.S., and slower global growth creates significant downside risks to the housing market.

Source: National Association of Realtors

☎️ 619-435-5777⁠
Greendoor.io⁠
DRE #01834007

Interest rates on mortgages are expected to rise as the Federal Reserve is on track to tighten monetary policy this year...
03/07/2022

Interest rates on mortgages are expected to rise as the Federal Reserve is on track to tighten monetary policy this year. Yet for now, rates are staying low.

The average rate for a 30-year fixed-rate loan is 3.76%, mortgage-finance giant Freddie Mac said Thursday, down from 3.89% the prior week, with the figures staying near historic lows.

The conflict in Ukraine is one reason rates remain low for the moment, say economists and analysts. Investors tend to gravitate toward what are viewed as safer investments during times of upheaval, such as U.S. Treasury bonds and mortgage-backed securities.

Choose Greendoor to represent you in your next home purchase and we’ll pay your first mortgage payment! Follow the link in our bio for more information. ⁠
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☎️ 619-435-5777⁠
🔗 Greendoor.io⁠ ⁠
DRE #01834007

Mortgage rates are sinking as markets contend with the ramifications of Russia’s attack on Ukraine, and that means home ...
03/03/2022

Mortgage rates are sinking as markets contend with the ramifications of Russia’s attack on Ukraine, and that means home prices are likely to continue surging.

This will give homebuyers more purchasing power as the historically busy spring season kicks off. It will also keep record high home prices continuing on their run higher. Prices in January were 19.1% higher year over year, according to a report released Tuesday by CoreLogic. That level of growth is the highest in 45 years, when CoreLogic began tracking prices.

If you have questions about buying or selling a home in this market- reach out to Greendoor! If you're thinking of purchasing,

☎️ 619-435-5777⁠
GREENDOOR.IO⁠
DRE #01834007

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La Jolla, CA
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