Laguna Niguel Real Estate

10/01/2020

If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one.
1. Buyers Are Actively in the Market
ShowingTime, a leading real estate showing software and market stat service provider, just reported that buyer traffic jumped 60.7% compared to this time last year. That’s a huge increase.
It’s clear that buyers are ready, willing, and able to purchase – and they’re in the market right now. In many regions of the country, multiple buyers are entering bidding wars to compete for the home they want. Take advantage of the buyer activity currently in the market so you can sell your house in the most favorable terms.
2. There Are Not Enough Homes for Sale
In the latest Existing Home Sales Report, the National Association of Realtors (NAR) announced that there were only 1.49 million units available for sale. That number was down 18.6% from one year ago. This means in the majority of the country, there aren’t enough homes for sale to satisfy the number of buyers.
Due to the health crisis, many homeowners were reluctant to list their homes earlier this year. That will change as the economy continues to recover. The choices buyers have will increase going into the new year. Don’t wait until additional sellers come to market before you decide to make a move.
3. The Process Is Going Quickly
Today’s ultra-competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and simpler, as buyers know exactly what they can afford before shopping for a home. According to the latest Origination Insights Report from Ellie Mae, the time needed to close a loan is just 49 days.
4. There May Never Be a More Important Time to Move
You’ve likely spent much of the last six months in your current home. Perhaps you now realize how small it is, and you need more space. If you’re working from home, your children are doing virtual school, or you just need more space, your current floor plan may not work for your family’s changing needs.
Homebuilders are beginning to build houses again, so you can choose the exact floor plan to match what your family needs, and you can make sure the outdoor space is what you want too.

10/01/2020

Applications for home mortgages surged last week

Mortgage Bankers Association’s weekly index shows an increase in home loan applications in the third week of September 2020.

09/30/2020

🔥New Low Price $2,000,000
🦚 1135 Paloma dr, Arcadia 91007
(Lower Rancho area)
🔻 totally renovated 2015, circular driveway
🔻6 bedr 6 baths, 3,675 sqft (4 of which are en-suite, 1 located downstairs)
🔻 attached 3 car garage
🔻 high ceiling living room with stylish French windows with view
🔻 huge landscaped back yard w/ sparkling pool, lot size 12,000.

09/30/2020

California clears nail salons to reopen, but Los Angeles County still restricts them

Nail salon operators scored a major victory Tuesday when the state authorized the businesses to resume limited operations, but don't expect them to immediately open in Los Angeles County.

09/30/2020

As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would home values begin to depreciate?

Original forecasts modeled this uncertainty, and they ranged anywhere from home values gaining 3% (Zelman & Associates) to home values depreciating by more than 6% (CoreLogic).

However, as the year unfolded, it became clear that there would be little negative impact on the housing market. As Mark Fleming, Chief Economist at First American, recently revealed:

“The only major industry to display immunity to the economic impacts of the coronavirus is the housing market.”

Have prices continued to appreciate so far this year?
Last week, the Federal Housing Finance Agency (FHFA) released its latest Home Price Index. The report showed home prices actually rose 6.5% from the same time last year. FHFA also noted that price appreciation accelerated to record levels over the summer months:

“Between May & July 2020, national prices increased by over 2%, which represents the largest two-month price increase observed since the start of the index in 1991.”

What are the experts forecasting for home prices going forward?
Below is a graph of home price projections for the next year. Since the market has changed dramatically over the last few months, this graph shows forecasts that have been published since September 1st.

https://prnt.sc/uq8nvv

09/29/2020

SoCal homes prices again set all-time high, jumping 12.1% from last year despite global pandemic

In the middle of a global pandemic, Southern California home prices keep setting records. The six-county region’s median price reached $600,000 in August, up 12.1% from a year earlier, according to…

09/29/2020

Back on ACTIVE! Condo for Sale!!
12131 Pinehurst Ave., El Monte
- 3 bedrooms! 3 baths
- 1,238 sq. ft
- HOA- $299
- gated community with community pool...

09/29/2020

Free Coffee and Coffee Day Deals

National Coffee Day 2020 — How and where to find the best free coffee deals on this years National Coffee Day. Don't miss out!

09/29/2020

Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered.

Mark Fleming, Chief Economist at First American, announced last week:

“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”

The Economic & Strategic Research Group at Fannie Mae upgraded its forecast for home sales last week:

“Housing data over the past month continued to show a strong V-shape rebound, helping drive the broader economy. Existing home sales jumped to a pace not seen since 2006…We have substantially upgraded our forecasts for both new and existing home sales. For 2020, total home sales are now expected to be 1.3% higher than in 2019.”

The National Association of Realtors (NAR) agrees. In their last Pending Sales Report, NAR shared projections from Chief Economist Lawrence Yun:

“Yun forecasts existing-home sales to ramp up to 5.8 million in the second half. That expected rebound would bring the full-year level of existing-home sales to 5.4 million, a 1.1% gain compared to 2019.”

Yun’s forecast for 2021 was even more optimistic, stating, “Home sales will ramp up again next year, increasing between 8% - 12%.”

09/29/2020

Low down payment mortgage options for first-time homebuyers

Here’s how to get help making your down payment.

09/28/2020

BUY THIS HOME AND I'LL BUY YOURS!*
Single story house nestled on the end of A quiet and safe cul-de-sac with 3 bedrooms and 3 bathrooms. The huge 13,504 SQFT LOT comes with your own private pool!
The tiled entry opens to the living room with a corner fireplace. The kitchen has tile flooring and counters, a breakfast bar and walk-in pantry. The master bedroom has a walk-in closet. The huge yard has a patio. One bathroom is accessible from the backyard for your convenience.
Close to schools, shopping, restaurants and all that Hemet has to offer. Easy commute to the Ramona Expressway, minutes to the new Soboba Hotel/Casino and the Country Club at Soboba Springs. Located near schools, Estudillo Heritage Park and Rancho Park which have lighted fields, tennis and basketball courts, picnic and play areas. Take a short drive to reach Beaumont, Cabazon, Idyllwild, or Palm Springs.
Buyer and Buyer's Agent to Verify all information.
For more Photos and info call KRISTI at 310-779-8890
3902 Bordeaux Ln, Hemet, CA 92544
3 beds 3 baths
2,296 Sq. Ft. Gross area: 2,736
Lot size 13, 504
nestled on the end of A quiet and safe cul-de-sac
private pool
FOR MORE HOTLIST OF BARGAIN HOMES FOR SALE – NOT ON ZILLOW OR MLS. Free list with pics of off-market homes for sale. Message us or call 310-779-8890
Don't get stuck owning two homes. YOUR HOME SOLD GUARANTEED OR I'LL BUY IT*
To discuss the sale of your home, call KRISTI at 310-779-8890 and start packing!

09/28/2020

National Sons Day – September 28, 2020

For National Sons Day on September 28 we ask how do we raise our sons to display kindness, dignity and compassion? Read on to find out more.