Great Homes L.A.

Great Homes L.A. Helping You Move Smarter Through LA Real Estate with Straight Talk and Strategy

06/10/2025

Owning a home isnโ€™t just about having a place to live, itโ€™s still the ๐ฌ๐ข๐ง๐ ๐ฅ๐ž ๐›๐ข๐ ๐ ๐ž๐ฌ๐ญ ๐ฐ๐ž๐š๐ฅ๐ญ๐ก ๐›๐ฎ๐ข๐ฅ๐๐ž๐ซ ๐ข๐ง ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š. ๐Ÿก

According to the latest Federal Reserve data, the average homeowner now has a net worth of $430,000. The average renter? Just $10,000. Thatโ€™s a 43x gap (June 2025).

Yes, rates are high, and home prices can feel out of reach. But if youโ€™re thinking long-term, owning still puts you on a different financial path. The reason? ๐„๐ช๐ฎ๐ข๐ญ๐ฒ. Homeowners are building it, renters arenโ€™t.

For those renting, there are still smart ways to build wealth: investing in retirement accounts, brokerage accounts, or stocks while saving toward a future home. But studies show most renters would rather own if they could.

National experts say we need more homes under $300K. In many places, including parts of New Hampshire, thatโ€™s still possible. And options like ๐œ๐จ-๐›๐ฎ๐ฒ๐ข๐ง๐ , ๐œ๐ซ๐ž๐š๐ญ๐ข๐ฏ๐ž ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐ง๐ , ๐จ๐ซ ๐จ๐ฎ๐ญ๐ฌ๐ค๐ข๐ซ๐ญ ๐ง๐ž๐ข๐ ๐ก๐›๐จ๐ซ๐ก๐จ๐จ๐๐ฌ can help make homeownership more accessible.

It wonโ€™t make you rich overnight, but over time, owning a home can be a powerful tool for building generational wealth.

05/08/2025

๐Ÿ“Š Spring Housing Market Check-In

๐Ÿšจ Buyer momentum is back!
Pending home sales jumped 6.1% in March โ€” the biggest monthly boost since 2023. The National Association of Realtors says this signals a wave of eager buyers gearing up to make moves.

๐Ÿ“ˆ Inventory is climbing.
According to Realtor.com, the number of homes for sale in April rose 30.6% compared to last year, reaching the highest level since pre-pandemic days. Thatโ€™s 18 months straight of growth.

๐Ÿ’ธ Prices? Still going upโ€ฆ but slowly.
Both the Case-Shiller and FHFA home price indexes posted 3.9% annual gains in February. Still rising, but at a much calmer pace than weโ€™ve seen in recent years.

โœจ The takeaway:
More homes. More buyers. Less chaos. Whether you're thinking about buying, selling, or just keeping an eye on the market, this is a moment to watch.

04/24/2025

๐Ÿก Your home didnโ€™t sell? Youโ€™re not alone, and youโ€™re not out of options.

In just the first week of 2024, over 129,000 homes across the U.S. were taken off the market. Thatโ€™s a whole lot of sellers left wondering, โ€œWhat now?โ€

Hereโ€™s the truth:
If your home didnโ€™t sell, it may not be the house. It might be the strategy.

๐Ÿ“Š Homes that relisted with a new agent sold 40% more often than those who stuck with the same one.
Thatโ€™s not just a stat. Thatโ€™s a sign that a fresh approach can make a real difference.

โœ… 71.2% of homes relisted with a new agent sold
โŒ Only 51.7% sold when sellers kept their previous agent

And hereโ€™s something else worth knowing:
Most homes that relist end up selling at a lower price. That doesnโ€™t mean you need to slash your value. It just means you need to price smart with someone who understands what went wrong the first time.

๐Ÿ’ฌ If youโ€™re still thinking about selling, donโ€™t repeat the same plan and hope for a new result. Letโ€™s do it differentlyโ€”and better.

๐Ÿ“ฒ Message me for a free strategy session. No pressure. Just honest advice and a new game plan.

Your home deserves a second chance that actually works.

04/22/2025

๐ˆ๐ฌ ๐ข๐ญ ๐š ๐ ๐จ๐จ๐ ๐ญ๐ข๐ฆ๐ž ๐ญ๐จ ๐ฌ๐ž๐ฅ๐ฅ? ๐Œ๐š๐ง๐ฒ ๐ก๐จ๐ฆ๐ž๐จ๐ฐ๐ง๐ž๐ซ๐ฌ ๐ฌ๐ฎ๐ซ๐ž๐ฅ๐ฒ ๐ญ๐ก๐ข๐ง๐ค ๐ฌ๐จ.

Realtor.com says 70% of potential sellers believe nowโ€™s a great time to list.

๐„๐ฏ๐ž๐ง ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ข๐ง๐ :

ยท 81% expect to get their full asking price (or even higher)
ยท 75% believe they'll sell faster than average
ยท 63% arenโ€™t planning to offer big concessions
Confidence is high, but itโ€™s not just sellers feeling it.

On the builder side, thereโ€™s a bit of a mixed bag:
๐Ÿ—๏ธ ๐‡๐จ๐ฎ๐ฌ๐ข๐ง๐  ๐ฌ๐ญ๐š๐ซ๐ญ๐ฌ dropped in March, the biggest slowdown in a year because many builders are focused on finishing existing projects.
๐Ÿก ๐‡๐จ๐ฆ๐ž ๐œ๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ข๐จ๐ง๐ฌ picked up, running at one of the fastest rates weโ€™ve seen since 2020.
๐Ÿ“ˆ ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐  ๐ฉ๐ž๐ซ๐ฆ๐ข๐ญ๐ฌ rose slightly in March, a positive sign for future supply.
๐Ÿ› ๏ธ ๐๐ฎ๐ข๐ฅ๐๐ž๐ซ ๐œ๐จ๐ง๐Ÿ๐ข๐๐ž๐ง๐œ๐ž also inched up in April, and 61% are offering incentives to keep deals moving.

๐–๐ก๐š๐ญ ๐ญ๐ก๐ข๐ฌ ๐ญ๐ž๐ฅ๐ฅ๐ฌ ๐ฆ๐ž:

Weโ€™re seeing a market where sellers feel empowered, builders are cautiously optimistic, and buyers are navigating a more competitive (but still incentive-friendly) environment.

If youโ€™ve been thinking about selling, or even if youโ€™re curious what your home could command in todayโ€™s market, now might be the time to start the conversation.

๐ƒ๐Œ ๐ฆ๐ž ๐ข๐Ÿ ๐ฒ๐จ๐ฎ ๐ฐ๐š๐ง๐ญ ๐ญ๐จ ๐œ๐ก๐š๐ญ! ๐„๐ฏ๐ž๐ง ๐ฃ๐ฎ๐ฌ๐ญ ๐ญ๐จ ๐ ๐ž๐ญ ๐š ๐ฌ๐ž๐ง๐ฌ๐ž ๐จ๐Ÿ ๐ฐ๐ก๐š๐ญโ€™๐ฌ ๐ก๐š๐ฉ๐ฉ๐ž๐ง๐ข๐ง๐  ๐ฅ๐จ๐œ๐š๐ฅ๐ฅ๐ฒ ๐ก๐ž๐ซ๐ž ๐ข๐ง ๐‹๐€.

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