Homes by Kalpana Prabhakara

08/21/2024

Just sold a beautiful home in Sacramento to my client and worked with sellers agent Jonathan. He was one of the best agents ever. And I had a best client ever who wanted a home with lots of character. Address & the property front has a lot to do with it and the beautiful neighborhood with beautiful down to earth people all young professionals. Sacramento is having a revolution in the Real estate industry a big change for extremely a good cause. My TC at Bhhs was full of knowledge & Charisma. Super nice too.
She became a young friend of mine. The journey was very challenging & adventurous in general.
My manager Laurie was just awesome & superb.
I wish my client, my team @ Bhhs & the Cold well Banker listing agent always the best. Thank you all.
🤗💙😇🙏. Exceptional & unconditional love and support from my son, my husband & my daughter. Just cannot thank them enough. My tremendous love goes to my family as always.

05/04/2022

The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down the optimal window of time in which to make a purchase.

There are three main factors that go into determining how affordable homes are for buyers:

🔹Mortgage Rates
🔹Mortgage Payments as a Percentage of Income
🔹Home Prices

The National Association of Realtors (NAR) produces a Housing Affordability Index. It takes these three factors into account and determines an overall affordability score for housing. According to NAR, the index:

“…measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data.”

Their methodology states:

“To interpret the indices, a value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. An index above 100 signifies that a family earning the median income has more than enough income to qualify for a mortgage loan on a median-priced home, assuming a 20 percent down payment.”

So, the higher the index, the more affordable it is to purchase a home.

If you feel ready to buy, purchasing a home this summer may save you a significant amount of money over time based on historical affordability trends. Let’s connect today to determine if now is the right time for you to make your move.

Kalpana Prabhakara
REALTOR® DRE #02016468
📞925.371.8222

11/05/2021

Housing market is in a Bullet train speed.

In today’s whirlwind real estate market, houses are selling at astonishing speed. Four years ago, the average house spent 39 days on the market. Two years ago, homes were on the market for about 24 days. Today, that number has dropped to just 17 short days. If you’re looking to sell your house quickly and on the best possible terms, today’s market can’t be beaten. Let’s connect to discuss how to secure a speedy, top-dollar sale for your house.

Kalpana Prabhakara
REALTOR® DRE #02016468
📞925.371.8222

08/01/2021

In today’s whirlwind real estate market, houses are selling at astonishing speed. Four years ago, the average house spent 39 days on the market. Two years ago, homes were on the market for about 24 days. Today, that number has dropped to just 17 short days. If you’re looking to sell your house quickly and on the best possible terms, today’s market can’t be beaten. Let’s connect to discuss how to secure a speedy, top-dollar sale for your house.

Kalpana Prabhakara
REALTOR® DRE #02016468
📞925.371.8222

05/26/2021

As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come.

🔹realtor.com
“. . . homes continue to sell quickly in what’s normally the fastest-moving time of the year. This is in contrast with 2020 when homes sold slower in the spring and fastest in September and October. While we expect fall to be competitive, this year’s seasonal pattern is likely to be more normal, with homes selling fastest from roughly now until mid-summer.”

🔹National Association of Realtors (NAR)
“Sellers who have been hesitant to list homes as part of their personal health safety precautions may be more encouraged to list and show their homes with a population mostly vaccinated by the mid-year.”

🔹Danielle Hale, Chief Economist at realtor.com
“Surveys showed that seller confidence continued to rise in April. Extra confidence plus our recent survey finding that more homeowners than normal are planning to list their homes for sale in the next 12 months suggest that while we may not see an end to the sellers’ market, we might see the intensity of the competition diminish as buyers have more options to choose from.”

🔹Freddie Mac
“We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”

Experts are optimistic about the second half of the year. Let’s connect today to talk more about the conditions in our local market.

Kalpana Prabhakara
REALTOR® DRE #02016468
📞925.371.8222