Jay Black - Monterey Realtor

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Monterey, CA
Jay Black - Monterey Realtor

Jay Black, Realtor® with EXP Realty in Monterey, CA. Rachael Black, Realtor® with EXP Realty. The lifestyle that living here allows is second to none.

The Monterey Peninsula is a beautiful location and I think it is the best place you could be lucky enough to call home. From beaches and surfing, to the mountains of Big Sur and everything in between, this is an outdoor lovers paradise. The Peninsula has a small town feel with a tight knit community where you will become friends with your neighbors, but it is still close enough to go to San Franci

sco for a day or the weekend for big city activities. I would love to have the opportunity to find your next house here or sell your current home so that you can move on to the next stage of your life. I understand the market here, but I also find off market opportunities to make sure that my clients get what they want and need. I know good professionals in all aspects of real estate, so I can always point you in the right direction for whatever you may need.

09/15/2025

Based on the latest economic data, the Fed is expected to cut the Federal Funds Rate more than once this year.

Here’s why that matters. Mortgage rates don’t follow the Fed’s actions directly, but they do respond to what financial markets expect the Fed will do. If markets believe cuts are coming, mortgage rates could move lower.

That’s great news for you, because even small drops in mortgage rates can make a big difference if you’re buying a home.

But all of this is going to depend on where the economy goes from here – and that’s something I’ll keep you posted on.

Want to see what today’s numbers could mean for your budget? Let’s connect.

09/11/2025

If your listing isn’t getting traction, here's what you need to realize.

Homes are sitting longer today. And one of the reasons why? Overpricing like it’s 2021 again.

Unlike a normal market where list prices keep rising, they’ve actually been flat for over 3 years. And that’s a change worth paying attention to.

List prices have leveled off because buyers are being more selective as inventory has grown over the past few years. There are more homes on the market, and sellers need to take note.

So, if your home isn’t getting showings or offers, take it as a sign to check in with your agent. A small price adjustment could be the move that gets buyers through the door.

Because in a market like this you can’t just wait it out and hope for the best. Patience won’t sell your house. But the right price will.

09/10/2025

Mortgage rates just had their biggest one-day drop in over a year.

They fell to the lowest they've been since last October.

And that shift matters. Compared to when rates were at 7% earlier this year, that could mean your future monthly payment is now about $200 lower.

Want to know how much you could save if you’re looking to buy? DM me and let’s talk it over.

09/09/2025

The number of homes actively for sale is at its highest point since 2020 — and that’s a big deal for any homebuyer out there.

That gives you the widest selection of homes to choose from right now that you’ve had in five years.

That means a better shot at finding the home that truly fits and the chance to make a deal on your terms.

Want to see what’s for sale in our local market? DM me.

09/08/2025

About half of homes are selling for under their asking price right now.

While that feels very different from the past few years, it’s actually a return to what’s considered normal for the market.

And the sellers who succeed today are the ones who recognize this shift. They price smart from day one, make their home stand out, and stay flexible when buyers ask for give-and-take.

You need to plan for the market we’re in, not the one we saw a few years back. And I can help.

Want to know what I think your house would sell for today? DM me.

09/04/2025

Want to know the secret to getting the best deal on a home today? Spoiler alert: it’s new construction.

Right now, 66% of builders are offering incentives that can lower your overall cost of homeownership. That’s the highest in 5 years. And it’s a big deal.

The most common incentive is a price cut. And on average, they’re taking about 5% off the purchase price. On a $500K house, that’s a savings of $25K.

That could be enough to make the home you’ve been dreaming about more affordable than you think.

Curious how far today’s incentives could stretch your budget? Let’s connect so I can show you what builders are offering in our area.

09/03/2025

You may have seen headlines about foreclosures rising, but here’s the truth.

Foreclosure headlines sound scary, but the data tells a calmer story.

Yes, FHA loans are showing more late payments than normal, but delinquencies across all other loan types remain stable.

And since FHA loans are only about 12% of mortgages nationwide, this isn’t the start of a new crisis.

Of course, no one wants to see anyone face the challenges of foreclosure. But the big picture: there isn't a big wave of foreclosures coming, and the broader market looks nothing like 2008.

09/02/2025

If you’ve owned your home for a while, you probably have some serious equity.

Right now, over two-thirds of homeowners have either paid off their mortgage entirely or have at least 50% equity.

That’s a powerful position to be in. Because that much equity gives you a strong financial cushion and an asset you can use to fund your long-term goals.

If you're thinking about moving, downsizing, or just curious what your home’s really worth, DM me and I’ll give you a personalized estimate, because your equity might be able to get you there sooner rather than later.

09/01/2025

If your house isn’t getting offers you’re comfortable with, you may be thinking: maybe I’ll just rent it instead.

And the truth is, a growing number of homeowners are making that choice right now. They’re called “accidental landlords.”

But here’s the thing you need to remember before you go that route, too. There’s probably a reason renting your home wasn’t the original plan.

Because renting often isn’t as easy as it sounds. Not every house makes a good rental. Plus, it comes with a lot more responsibility (and risk) than most people expect, like extra expenses, repairs, and the stress of being on call 24/7.

Make sure to carefully weigh the pros and cons before you decide what to do. For some homeowners, it may not be worth it.

08/28/2025

Want to know the real reason you don’t need to be worried we’re building too many homes right now? This is it.

No matter what you’re seeing online about the number of new homes for sale, nationally we just don’t have the same surplus of inventory we had back in the crash of 2008. And this graph proves it.

If you combine how many homes we’ve built lately with all the existing homes for sale (those that have already been lived in by a previous owner), we’re still nowhere near crash territory.

Of course, inventory is going to vary by area. But nationally, we don’t have enough new homes to crash the market.

So, don’t believe everything you read or hear. If you need help cutting through the noise, let’s talk.

08/27/2025

If you tried to sell your house this year, but couldn't get the price you were hoping for, you’re probably feeling frustrated. Maybe you even feel like today’s market let you down. But here’s what you need to know.

History shows the housing market always bounces back. In the ’80s, during the 2008 crisis, and even in 2020, sales dropped, then recovered.

And forecasts show the next rebound should begin in 2026, as mortgage rates ease a bit.

The takeaway: today’s slowdown is temporary.

My job is to watch the market for you and help you be ready for the rebound.

So, let me know: as activity picks up again, will you be ready to put your house back on the market, or do you need to move sooner?

08/26/2025

Wondering what’s really going on with home prices? The truth is: it depends on where you live.

In the 50 largest metros, nearly half are still seeing prices climb. The other half are seeing slight declines.

It’s a clear reminder that real estate is hyper-local. And understanding what’s happening in your specific market is key.

Let’s talk about what’s unfolding in our area, and how that impacts the strategy for your next move.

Address

Monterey, CA

Website

http://www.jayblackrealtor.com/

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