LuexeRealty

01/23/2023

🏡 2023 Start with very little demand and a subdued inventory . Real Estate activity will be suppressed as the year gets underway!

The issue is that housing has not had a normal, slow start to the year since 2020. In both 2021 and 2022, the market was insanely hot from day one, plagued with very few homes available and insatiable demand due to an extremely low mortgage rate environment. Buyers were tripping over each other to purchase every single home that came on the market, multiple offers were the norm, homes sold way above their asking prices, and the housing market felt like an out of control train where it was very challenging for buyers to secure a house. In looking at the details, the about face in housing is due to sky high mortgage rates coupled with a tremendous run-up in home values. In both 2021 and 2022, mortgage rates experienced back-to-back record low starts to the year at 2.65% and 3.22%.
📈Today's 6.14% is the highest start to a year since January 2008. As a result, demand, a snapshot of the last 30 days of pending sales activity, is at its lowest level to begin a year since tracking began in 2004 at 900 pending sales. It is slightly lower than demand level in 2008.
🏡 Today, the inventory might be at the second lowest level to start a year, even beating 2021, but when it is combined with record low demand, the Expected Market Time is no longer at insane levels. Instead, it is like 2016 through 2018 and 2020 with a market time of 84 days.
WARNING TO SELLERS: If you are holding out for the Spring Market in anticipation of a quick sale and a price higher than the last comparable sale, that simply will not happen. Instead, sellers will be looking at a much more sluggish market with muted demand and buyers taking their time to purchase. Proper pricing is crucial to find
success. WARNING TO BUYERS: While home values may be falling right now, lowball offers are a waste of everybody's time including your own. Distressed sellers, foreclosures, and
short sales are NOT components of today's market. There is a real lack of panic selling. Most sellers do not have to sell, so there will not be major "deals" like there were during
the Great Recession.

10/04/2022

🛌 4 🛀 2 🚘 2
📍 30061 Happy Sparrow Lane, Laguna Niguel, CA, 92677

My latest sale on
https://rma.reviews/yjEXSGBpB6io
..

09/29/2022

🎉SOLD🏡
Congratulation to my incredible buyers that never gave up on their to find their dream home in Orange County 🥂🙏🏻
This beautiful home in Laguna Niguel welcomes new residents from Northern California🏡

08/16/2022

Buying and selling a home at the same time can feel like you’re pulling off a magic trick, but it’s possible🙋🏻‍♀️

💡 Picture this ideal real estate scenario: Within days of the seller accepting your offer on a home, you accept an offer from a buyer for your current home. Both transactions go smoothly, plus you have plenty of time to pack up for the big move.

1. Get Your Finances in Order💰

✅Start by assessing the mortgage information for your current home, including tax forms. This financial information will come in handy when you apply for preapproval for a new mortgage.✅ a bridge loan is a short-term loan option that allows you to take money from the equity in your current home to cover the down payment and closing costs on the new one.

2. Find a professional Real Estate Agent ✅ Juggling the sale of your home while finding a new home can be tricky. To pull it off, you’ll need an experienced real estate agent working on your behalf.

3. Decide When to Make Your Move
✅ Consider all work, school, and event schedules to avoid adding more stress to the buying and selling process.

4. Prepare Your Home for Showing
✅ Start by decluttering your home and making small repairs or upgrades, like painting walls, to prepare your home sale. Or you can rent a moving container that sits outside your home, but be sure it’s not included in your home’s listing shots.

6. Avoid Buying a Home Before Yours Is Sold
✅ The number one reason to sell your home before buying another is so that you can afford to pay for your new place. Getting your finances in order is especially important in a seller’s market, where only the strongest price offers survive. A contingent offer—meaning you have to sell your home first in order to purchase the second one—is acceptable in slower markets, but not when you’re competing against higher bids and all-cash offers.
✅ Buying a home is a wild ride on its own, so when you add selling a home to the mix, it can make things even more exciting. When you stay organized and work with experienced real estate professionals who can guide you along the way, buying and selling at the same time becomes a more achievable feat.

07/18/2022

Real Estate Housing Market Report!

Every time the housing market transitions away from a Hot Seller’s Market, too many homeowners fall victim to waiting to sell. They do not understand the magnitude of the current market shift and how quickly the market has evolved so far in 2022, and where it is going from here. Many will be kicki...

07/01/2022

🏡Home Maintenance Tips✅

06/28/2022

🏡There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years.
Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point.

✅As you may have already heard, the number of homes for sale has increased this year, and even more so this spring.
✅ This is encouraging news. More homes coming onto the market give you a greater chance of finding one that checks all your boxes.
✅ inventory growth is happening not just because there’s an increase in the number of listings coming onto the market, but also because buyer demand has moderated some in light of higher mortgage rates and other economic factors.
✅ The combination of more homes coming onto the market and a slower pace of home sales means you’ll have more options to choose from as you search for your next home. That’s great news if you’ve been searching for a while with little to no luck. Just remember, there isn’t a sudden surplus of inventory, just more homes to choose from than even a few months ago. So, you’ll still want to be decisive and move fast when you find the right home for you.
✅ And when you do, you may be faced with less competition from other buyers too. If you’ve been waiting to jump into the market because the intensity of the bidding wars was intimidating or if you’ve been outbid on several homes, this moderation could help make the homebuying process a bit smoother. It’s not that it’ll be easy or that bidding wars are a thing of the past – that’s not the case. But it won’t feel nearly as impossible.
🙋🏻‍♀️ As the housing market begins its shift back toward pre-pandemic levels, you could have a unique opportunity in front of you. With moderating levels of buyer competition and more homes actively for sale, your home search may have gotten a bit less challenging.

06/22/2022

Is it better to rent or buy? Weigh these key considerations to decide whether renting vs. owning a home is right for your situation.

06/15/2022

🤷🏻‍♀️ Is the market crashing or correcting?🏡

✅The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were record-breaking in nearly every way.

✅Record-low mortgage rates and millennials reaching peak homebuying years led to an influx of buyer demand. At the same time, there weren’t enough homes available to purchase thanks to many years of underbuilding and sellers who held off on listing their homes due to the health crisis.

✅This combination led to record-high demand and record-low supply, and that wasn’t going to be sustainable for the long term. The latest data shows early signs of a shift back to the market pace seen in the years leading up to the pandemic – not a crash nor a correction.

✅ home showings skyrocketed during the pandemic . And while current buyer demand has begun to moderate slightly based on the latest data showings are still above 2019 levels.

✅ The pandemic numbers beat the more typical year of 2019 home sales . And according to the latest projections for 2022 the market is on pace to close this year with more home sales than 2019 as well.

🏡 If recent headlines are generating any concerns, look at a more typical year for perspective. The current market is not a crash or correction. It’s just a turning point toward more typical, pre-pandemic levels.

💁🏻‍♀️Reach out to me if you have any questions about our local market and what it means for you when you buy or sell this year.

06/03/2022

https://preview.mailerlite.com/h7z7b8c8b3

Lower rates had propped up affordability, yet today’s higher interest rate environment is impacting demand as many home buyers struggle to afford the monthly payment.