Marc Espinoza Realtor

06/09/2023

Enjoy the little things in life, especially on the weekends, here are some fun events this weekend around the Valley!

06/04/2023

Open house today from 10 to 1pm. Come on by and check out this terrific home in Glendale.

06/02/2023

Any plans for the Weeknd? If not, here are some fun events happening around the valley!

06/02/2023

"Dough-nut worry, be happy! 🍩 Happy National Donut Day! Indulging in sweet circles of joy and embracing the sugar rush. Here are some of my favorite donut shops around the valley to celebrate. ❤️🍩

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05/25/2023

Looking for something fun to do over the long holiday weekend? Check out a few things going on around town.

04/06/2023

Trying To Buy a Home? Hang in There.

There are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them.

>>Long-Term Benefits Outweigh Short-Term Challenges

Owning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. Freddie Mac puts it this way:

“Homeownership not only builds a sense of pride and accomplishment, but it’s also an important step toward achieving long-term financial stability.”

The key there is long-term because the financial benefits homeownership provides, like home value appreciation and equity, grow over time.

>>Mortgage Rates Are Constantly Changing

Mortgage rates have been hovering around 6.5% over the last several months. However, as Sam Khater, Chief Economist at Freddie Mac, notes, they’ve been coming down some recently:

“Economic uncertainty continue...

We’re still in a sellers’ market.

04/05/2023

Why Aren’t Home Prices Crashing?

There have been a lot of shifts in the housing market recently. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.

Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change:

“[H]ome prices will be steady in most parts of the country with a minor change in the national median home price.”

You might think sellers would have to lower prices to attract buyers in today’s market, and that’s part of why some may have been waiting for prices to come crashing down. But there’s another factor at play – low inventory. And according to Yun, that’s limiting just how low pr...

There have been a lot of shifts in the housing market recently.

04/04/2023

Do headlines about recent home price declines have you worried about the value of your house? While prices may have declined slightly in certain markets, context is key. Home values increased nearly 40% over the course of the pandemic – which more than makes up for any recent declines. DM me today to learn more about what home prices are doing in our local area.

04/03/2023

If you’re in the market to buy a home, you should know how a mortgage rate change affects you. Even a 0.5% change can have a significant impact on your monthly mortgage payment. If you’re ready to buy, reach out to me today.