Olivia Morgan

11/16/2021

Hello, my friends in the Long Beach, CA area!

Are you thinking about selling your house right now, but you’re not sure you’ll have the time to do so as the holidays draw near? If so, consider this: even as the holiday season approaches, there are plenty of buyers out there, and they really want your house. Here’s why selling this winter is a win for you.

According to the latest data from the National Association of Realtors (NAR), the average seller received 3.7 offers on their house in September. That number is significant because it means you’ll likely have multiple offers to pick from if you sell your house this season. To put things into perspective, no matter where your state falls, remember that you really only need one good offer to close the deal.

Any offer you receive will likely be from a highly motivated buyer who’s doing...

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

Are you thinking about selling your house right now, but you’re not sure you’ll have the time to do so as the holidays draw near? If so, consider this: even as the holiday season approaches, there are plenty of buyers out there, and they really want your house. Here’s why selling this winter i...

11/14/2021

Hello, my friends in the Long Beach, CA area!

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon.

But as a homebuyer, what do rates above 3% really mean?

Buyers don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment. But it’s important to put today’s average mortgage rate into perspective. Even though today’s rate is above 3%, it’s still incredibly competitive.

But today’s rate isn’t just low when compared to the most recent years. When we look back even further, we can see that today’s rate is truly outstanding by comparison.

Being upset that you...

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon.

11/13/2021

Hello, my friends in the Long Beach, CA area!

If you’re deciding whether you should make updates before you sell your house, lean on your agent to be your guide. If the market is flooded with houses for sale, updates may be necessary for your house to stand out. In our current sellers’ market, the added expenses might not be worth it. DM me so you have expert advice on which updates are important in today’s market.

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

Some Highlights If you’re deciding whether you should make updates before you sell your house, lean on your agent to be your guide. If the market is flooded with houses for sale, updates may be necessary for your house to stand out. In our current sellers’ market, the added expenses might not be...

11/12/2021

Hello, my friends in the Long Beach, CA area!

Home prices and mortgage rates are forecast to rise. Let's connect so you can sell your house and find your next home before it costs more to move.

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

11/11/2021

Hello, my friends in the Long Beach, CA area!

The purpose of VA home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program, “The objective of the VA Home Loan Guaranty program is to help eligible Veterans, active-duty personnel, surviving spouses, and members of the Reserves and National Guard purchase, retain, and adapt homes in recognition of their service. . . .”

For over 75 years, VA home loans have provided millions of veterans and their families the opportunity to purchase their own homes. As we reflect on their sacrifice and honor our nation’s veterans, it’s important to ensure all veterans know the full extent of benefits VA home loans offer. As Jeff London, Director of the VA Home Loan Program, says, “VA loans offer an...

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program:

11/10/2021

Hello, my friends in the Long Beach, CA area!

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions.

>>How much have home values appreciated over the last 12 months?
According to the latest Home Price Index from CoreLogic, home values have increased by 18.1% compared to this time last year. Additionally, prices have gone up at an accelerated pace for each of the last eight months. The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity.

>>What’s happening with home prices right now?
Indices also show that while appreciation is in the high double digits right now, that...

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions.

11/09/2021

Hello, my friends in the Long Beach, CA area!

Here are three ways today’s low inventory will set you up for a win when you sell this season.

>>Higher Prices

With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase. According to the latest data from the National Association of Realtors (NAR), homes are receiving an average of 3.7 offers in today’s market. This buyer competition drives home prices up. As a seller, this certainly works to your advantage, potentially netting you more for your house when you close the deal.

>>Greater Return on Your Investment

Rising prices mean homes are also gaining value, which increases the equity you have in your home. In the latest Homeowner Equity Insights Report, CoreLogic explains, “In the second quarter of...

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season.

11/07/2021

Hello, my friends in the Long Beach, CA area!

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic. “Since January of this year, the national median rent has increased by a staggering 16.4 percent.”

Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years. If you’re thinking of renting for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true cost of renting.

A homeowner’s monthly mortgage payment pays for their shelter, but it also acts as an investment. That investment grows in the form of equity as a homeowner makes their mortgage payment each month to pay down...

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic:

11/06/2021

Hello, my friends in the Long Beach, CA area!

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen.

>>There are fewer homeowners in trouble this time.
After the last housing crash, about 9.3 million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank.
As of last Friday, the total number of mortgages still in forbearance stood at 1,221,000. That’s far fewer than the 9.3 million households that lost their homes just over a decade ago.

>>Most of the mortgages in forbearance have enough equity to sell their homes.
Due to rapidly rising home prices over the last two years, of the 1.22 million homeowners currently in forbearance...

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen.

11/05/2021

Hello, my friends in the Long Beach, CA area!

Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average home is selling fast and receiving several offers. Listing now puts your house in the spotlight, meaning it could sell quickly – and for more than you’d expect. Feeling motivated? If you’re ready to sell and capitalize on today’s market, DM me.

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

Some Highlights Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average hom...

11/04/2021

Hello, my friends in the Long Beach, CA area!

Don't give up the search just because you haven't found a home that checks every box. Let's connect to see which of your "must haves" can be accomplished after you purchase.

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

11/03/2021

Hello, my friends in the Long Beach, CA area!

Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in historic-low territory. But even over past few weeks, rates have started to rise. This past week, the average 30-year fixed rate was 3.14%.

What does this mean if you’re thinking about making a move? Waiting until next year will cost you more in the long run. Here’s a look at what several experts project for mortgage rates going into 2022.

>>Freddie Mac: “The average 30-year fixed-rate mortgage (FRM) is expected to be 3.0 percent in?2021 and 3.5 percent in 2022.”

>>Doug Duncan, Senior VP & Chief Economist, Fannie Mae: “Right...

To make your experience as a buyer/seller stress-free, contact me and I will help get you what you need!

Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory....