Dolores Gastineau - Affiliate Broker at Compass

01/22/2025

Hitting the ground here in Nashville. If you know anyone looking to make the move to the area let me know.

06/11/2024

New listing with ADU in Corona, CA. Newer build 4BD/3.5BA main house + 1BD/1BA ADU with amazing panoramic views in the Sierra Bella community. Freeway close to Orange County for $1,750,000. DRE #01929445

10/05/2021

It’s been a great couple of days for us at Compass. We’ve been voted the Best Real Estate Company in OC, and yesterday we celebrated our 9th Anniversary and are now the largest independent real estate brokerage in America!

09/16/2021

09/09/2021

One of the major storylines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

Every region in the country is experiencing at least a 14.9% increase in home price appreciation, according to the Federal Housing Finance Agency (FHFA). According to the U.S. National Home Price Index from S&P Case-Shiller, every major metro is seeing at least a 13.3% growth in prices.

But what about price appreciation in 2022? Prices are the result of the balance between supply and demand. The demand for single-family homes has been strong over the last 18 months. The supply of houses available for sale was near historic lows. However, there’s some good news on the supply side. Realtor.com reports:

“432,000 new listings hit the national housing market in August, an increase of 18,000 over last year.”

Yet, most forecasts call for home price appreciation to moderate in 2022. The Home Price Expectation Survey, a survey of over 100 economists, investment strategists, and housing market analysts, calls for a 5.12% appreciation level next year.

Price appreciation is expected to slow in 2022 when compared to the record highs of 2021. However, it is still expected to be greater than the annual average of 4.1% over the last 25 years. If you owned a home over the past year, you’ve seen your household wealth grow substantially, and you’ll see another nice boost in 2022. DM me today if you’re thinking of buying, as prices are forecast to continue increasing through at least next year.

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

07/24/2021

Open house today at this lovely 3 bedroom home in Cypress Village in Irvine.

01929445

07/22/2021

If you’ve found what your looking for in a home has changed due to remote work, it may be time to make a move. Let’s connect today to start prioritizing your home needs.

07/04/2021

Happy 4th of July!!! 🇺🇸 and Happy Birthday to my husband Eric and his twin Doug!

06/13/2021

Great new lease opportunity in Costa Mesa. Two bedroom + office/den, with two full & two half-bathrooms. Plus a direct access 2-car-garage.

06/08/2021

For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home. As a result, the listing price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than what was listed. It was unthinkable to pay more than what the seller was asking.

Today is different. The record-low supply of homes for sale coupled with very strong buyer demand is leading to a rise in bidding wars on many homes. Because of this, homes today often sell for more than the list price. In some cases, they sell for a lot more. According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), “For every listing there are 5.1 offers. Half of the homes are being sold above list price.”

In this market, you likely can’t shop for a home with the former approach of negotiating to a lower price. Due to the low supply of houses for sale, many homes are now being offered in an auction-like atmosphere in which the highest bidder wins the home. Today, the asking price is often becoming the floor of the negotiation rather than the ceiling. Therefore, if you really love a home, know that it may ultimately sell for more than the sellers are asking. So, as you’re navigating the homebuying process, make sure you know your budget, know what you can afford, and DM me so I can help you make all the right moves as you buy a home.