Elizabeth Canela

07/26/2021

With rental prices rising, there's a chance you'll be paying more in rent soon (if you aren't already). When you rent, you face rising, unpredictable expenses every year. When you buy, your mortgage payments remain consistent year to year. DM me today if you’re ready to go from renting to owning your own home.

07/26/2021

Why Homeownership Is Still The American Dream

Owning your home provides many benefits, including stability, safety, and personal pride. Let's connect if you're dreaming of homeownership this year.

07/25/2021

Over the next five years, the number of people working remotely is expected to rise considerably. If you’re working from home, you might be dreaming of extra space for your home office or longing for a change of scenery since you’re not tied to a specific area. If your home needs have changed, DM me so we can plan the right move for you.

07/24/2021

The economic principles of are driving today’s rising home prices. We simply haven’t built enough homes over the last 10 years to keep up with demand. That means more buyer competition for today’s limited housing supply. DM me so we can talk about how your home could sell for a great price in today’s market.

07/23/2021

Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]

The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up. Terms like appraisal (what lenders rely on to validate a home’s value) and contingencies (which buyers can minimize to make their offer stand out) directly impact the transaction. You don’t need to be fluent in the language of the market to buy or sell. Instead, let’s connect today so that we can translate the process together.

Some Highlights The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow ...

07/23/2021

Who’s driving the greatest amount of demand in today’s housing market? .
If you’re part of this generation and thinking about buying a home, today’s housing market is full of opportunities. DM me your questions about the real estate process so you can make your move with confidence.

07/22/2021

If you’re concerned we’re in a housing bubble about to burst, don’t be. Today’s conditions are much different than those that led up to the 2008 housing market crash, which is why experts agree we’re not in a bubble. DM me today so we can talk through what makes now different from then.

07/22/2021

Today’s Real Estate Market Explained Through 4 Key Trends

Here’s a look at four key components that are shaping this unprecedented market.

>>A Shortage of Homes for Sale

Earlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, inventory levels are starting to trend up. This is good news for buyers who crave more options. But even though we’re experiencing small gains in the number of available homes for sale, inventory remains a challenge in most states. That’s why it’s still a sellers’ market.

>>Buyer Competition and Bidding Wars

Today’s ongoing low supply, coupled with high demand, creates a market characterized by high buyer competition and bidding wars. Buyers are going above and beyond to make sure their offer stands out from the crowd by offering over asking price, all cash, or waiving some contingencies. The number of offers...

As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market.

07/21/2021

Remote Work Has Changed Our Home Needs. Is It Time for Your Home To Change, Too?

Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs.

>>Working from Home Isn’t a Passing Fad
Before the pandemic, only 21% of individuals worked from home. However, if you’ve recently discovered remote work is your new normal, you’re not alone. A recent survey of hiring managers conducted by Statista and Upwork projects nearly 40% of U.S. workers will work remotely in some capacity over the next 5 years.

>>Working from Home Gives You More Flexibility and More Options
If you fall in that category, working from home may provide you with opportunities you didn’t realize you had. The ongoing rise in remote work means a...

Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs.

07/20/2021

What You Should Do Before Interest Rates Rise

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s current low rates before they rise.

>>Sell and Move Up (or Downsize)
If you’re considering either of these, there may not be a better time to move. Today’s rates are below 3%, but experts forecast rates to rise over the next few years. If the interest rate on your current mortgage is higher than today’s average, take advantage of this opportunity by making a move and securing a lower rate. Lower rates mean you may be able to get more house for your money and still have a lower monthly mortgage payment than...

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should co...

07/20/2021

3 Charts That Show This Isn’t a Housing Bubble

With home prices continuing to deliver double digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons.

>>The housing market isn’t driven by risky mortgage loans.
Back in 2006, nearly everyone could qualify for a loan. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association is an indicator of the availability of mortgage money. The higher the index, the easier it is to obtain a mortgage. The MCAI more than doubled from 2004 (378) to 2006 (869). Today, the index stands at 130.

>>Homeowners aren’t using their homes as ATMs this time.
During the housing bubble, as prices skyrocketed, people were refinancing their homes and pulling out large sums of cash. As prices began to fall, that caused...

With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons.

07/19/2021

77% of people believe it’s a good time to sell, and it’s no surprise why. With the current market featuring multiple offers per listing, sustained buyer demand, and competitive prices, it’s a great time to be a seller. DM me if you’re ready to take advantage of today’s favorable market and sell your house.