Sean Ulam, Real Property Consultant DRE Lic. 01339923

Sean Ulam, Real Property Consultant   DRE Lic. 01339923 Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Sean Ulam, Real Property Consultant DRE Lic. 01339923, Estate agent, 9483 Haven Avenue , Ste. 100, Rancho Cucamonga, CA.

FRIDAY FUNNIES! Take a break and have a laugh.If you haven’t already, please also download my free app: https://app.kw.c...
12/29/2023

FRIDAY FUNNIES! Take a break and have a laugh.

If you haven’t already, please also download my free app: https://app.kw.com/KW2BDAMU1

FRIDAY FUNNIES! Take a break and have a laugh. Wishing everyone happy holidays and a wonderful 2024. If you haven’t alre...
12/22/2023

FRIDAY FUNNIES! Take a break and have a laugh. Wishing everyone happy holidays and a wonderful 2024.

If you haven’t already, please also download my free app: https://app.kw.com/KW2BDAMU1

DID YOU KNOW?There is a house in Canada that, through a long line of trades, was traded for what started as a red paperc...
12/19/2023

DID YOU KNOW?

There is a house in Canada that, through a long line of trades, was traded for what started as a red paperclip?

The 3 bedroom, 2 bathroom farmhouse is located at 503 Main Street in Kipling Saskatchewan, Canada. It received worldwide fame from 2005 through 2006 when 26 year old Vancouver/Montreal area native Kyle MacDonald began with a red paperclip and traded his way to ownership of the home.

Does anyone know of the childhood game called “Bigger and Better” where kids would trade different possessions or trinkets with the goal of obtaining something new and better? Kids usually traded items like small toys, but MacDonald decided to see just how big he could get it, and needed but could not afford a place to live.

He listed a red paperclip on Craigslist in 2005, and located someone in Vancouver willing to trade a fish-shaped pen for it. The pen was later traded for a hand-sculpted door k**b in Seattle, Washington. The k**b was later traded in Amherst, Massachusetts for a Coleman camp stove with fuel.

After a couple more months, the stove was traded in California for a Honda generator. A few months later, the generator was traded in Maspeth, Queens for an “instant party” which included an empty keg and a neon Budweiser sign. Shortly thereafter, the “instant party” was traded to a Quebec comedian and radio personality for a Ski-Doo Snowmobile. By that time, MacDonald had become an internet sensation with this escapade, enticing various media personalities to try to get involved.

The snowmobile was traded for a two-person trip to Yahk, British Columbia, scheduled for February 2006. MacDonald used one ticket for himself, but traded the other for a box truck. The box truck was traded for a recording contract with Metalworks in Mississauga, Ontario. A couple months later, the contract was traded to a musician for a year’s rent in Phoenix, Arizona. By this time, MacDonald had stirred up quite a bit of publicity and the endeavor had a huge online following, becoming a worldwide sensation.

The year’s rent was traded for an afternoon with singer/musician Alice Cooper. Within a couple more months, the afternoon with Alice Cooper was traded for a motorized KISS snow globe. MacDonald received a lot of negative response by making that trade, with many thinking he should not have done so.

Later, the snow globe was traded to Corbin Bernsen, a Hollywood director and avid snow globe collector (having over 6,500 in his collection), for a role in his upcoming film “Donna on Demand”. The movie role was traded in July of 2006 for a two story farmhouse in Kipling, Saskatchewan. The town offered the empty farmhouse as trade, had a giant celebration for the event, and held live auditions for the movie role, which ultimately went to a young man named Nolan Hubbard.

The string of 14 trades, aided by major media coverage and public interest, lasted from July 2006 to July 2006, and brought MacDonald from a red paperclip to home ownership.

MacDonald lived in the house for only a couple years, then (you guessed it!) traded it. It was acquired by an entrepreneurial mother/daughter team who converted the house into a cafe. The house is now Paperclip Cottage Cafe which sells coffee, homemade food and pastries to the 1,140 residents of Kipling.

Some of the specs on the house:

Two floors, three bedrooms, two bathrooms, refinished hardwood floors, electricity (which at the time was not always available in the small town of very antique architecture), gas hot water tank, gas furnace, back yard and front yard (which has since become an outdoor patio for the cafe). The front yard still displays a sculpture of the world’s largest red paper clip, commemorating where the string of trades began.

MARKET MONDAY - December 18, 2023The average 30 year fixed mortgage rates continue to drop this week, with the trend loo...
12/18/2023

MARKET MONDAY - December 18, 2023

The average 30 year fixed mortgage rates continue to drop this week, with the trend looking to carry on into the new year.

While it can be tempting for those contemplating a move to wait and see how much further rates can fall, there are excellent reasons to get off the fence now.

As rates descend, we should begin to see buyer activity ramp back up. Given the historically low levels of housing inventory, any increase in activity brings a corresponding rise in competition over the best homes. Multiple offers may soon become the norm once again, which heralds a return to rising prices and able buyers being left in the cold.

As is the case in so many shifting markets, the best opportunities will be seized by those who act quickly.

Send me a message today for a free consultation on your best strategy heading into 2024! It promises to be an interesting season of real estate!

FRIDAY FUNNIES! Take a break and have a laugh.If you haven’t already, please also download my free app: https://app.kw.c...
12/15/2023

FRIDAY FUNNIES!

Take a break and have a laugh.
If you haven’t already, please also download my free app: https://app.kw.com/KW2BDAMU1

PS, it's true that mortgage rates are coming back down, expanding opportunities for those looking to make a move. DM me for some free information on the market as we head into 2024!

MARKET MONDAYS - December 11, 2023A short one today, explaining the 2021-2023 and projecting the 2024 housing markets in...
12/11/2023

MARKET MONDAYS - December 11, 2023

A short one today, explaining the 2021-2023 and projecting the 2024 housing markets in a single graph.

(Disclaimer: All views are my own and massively simplified. Predicting the direction of an entire nationwide housing market from a single dataset is reductive and reckless. Professional driver on a closed course, do not attempt.)

The graph below shows the average 30 year fixed mortgage rate from 2021 to the present. We can see that interest rates were hovering at around 3% as we entered the year, part of an attempt to stave off a recession in the wake of the pandemic. Historically low interest rates set off a boom of purchases and refinances, as consumers rushed to take advantage of an unprecedented opportunity.

Beginning in 2022, interest rates began to climb, spurred by fears of inflation. In the first half of the year, however, this rise set off an even fiercer rush to buy amongst many consumers. That's easy to understand: the realization that the good times were ending pushed people off the fence and into the market. Home prices peaked in April and May, with interest rates around 5%. Then, as interest rates rose above 5%, buyers began to back off and the market slowed down throughout the rest of the year.

However, even as the market slowed down, prices didn't fall very much, as we would normally expect when demand falls off. Again, the answer is found in the interest rates. The super-low rates of the past few years meant that homeowners weren't under very much pressure to sell, so available inventory fell alongside buyer demand, maintaining a rough equilibrium.

Rates hit 7% in November of last year, then fell a bit at the beginning of this year before going on a sustained climb throughout the spring and summer months, reaching a peak of 7.79% in late October.

All the while, prices held steady.

Since the end of October, however, interest rates have been coming down again. It's only just beginning, and they still hover around 7%, but the trendline is clear, especially when taken alongside the current projections of the Fed. I hope to see interest rates continue to fall heading into 2024, and throughout the year as we close in on election season.

Falling interest rates should begin bringing buyers back to the market. However, it is unlikely that inventory will rise by enough to meet that upswing in demand. That may very well result in a return to multiple offer scenarios and rising prices throughout 2024.

If you want to know how best to navigate these changing circumstances, message me today for a free consultation!

12/05/2023

DID YOU KNOW?

In the United States, the term “realtor” is a registered trademark held by the National Association of Realtors (NAR) which refers to its active members only, and it is protected by Federal Law.

The term REALTOR® has one, and only one definition:

“REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.”

*Also, it is pronounced REAL-tor, not real-UH-tor.

MARKET MONDAY - December 4, 2023
12/04/2023

MARKET MONDAY - December 4, 2023

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9483 Haven Avenue , Ste. 100
Rancho Cucamonga, CA
91730

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