Debbie Lium

05/17/2023

NAR will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices report repeat sales prices. The vast majority of the repeat sales indices show prices are starting to appreciate again. But the median price reported on Thursday may tell a different story.

Here’s why using the median home price as a gauge of what’s happening with home values isn’t ideal right now. According to the Center for Real Studies at Wichita State University, “The median sale price measures the ‘middle’ price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less. While this is a good measure of the typical sale price, it is not very useful for measuring home price appreciation because it...

The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow.

05/15/2023

Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your equity grows over time. “Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.”

The equity you build up over the years can be used to your advantage when you sell your current house and buy your next home. If you no longer have the space you need, it might be time to move into a larger home. Or it’s possible you have too much space and need something smaller. No matter the situation, your equity can be a powerful tool you can use to help you make a move in today’s market. That’s because it may be some (if not all) of what you nee...

Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity.

06/24/2022

Happy Friday!!

Which kitchen style is your favorite? 1, 2, or 3?

Let me know in the comments🏡

06/21/2022

Property of the week!! Recently remodeled in 2020 with upgraded, beautifully designed bathrooms, new plumbing, handmade custom poplar cabinetry, marble tile floors, Italian Statuario marble countertops & a detached 2-car garage!

What are your thoughts? Always here to help!🏡

06/17/2022

Tour this stunning and highly desired single story home with me!! 3 Large Bedrooms and 2 Full Baths! No stone was left unturned when designing this property!

Reach out with any questions about the buying/home search process, always here to help!🏡

06/15/2022

Tour this charming, remodeled home with me!!🏡

The welcoming floor plan greets you upon entry with a beautiful front door and entryway. Inside you're greeted by a beautiful fireplace, new recessed lighting, new laminate flooring and fresh paint throughout!

Always here to help!

06/11/2022

See you Saturday 2-4pm

06/11/2022

This beautiful newer construction home was designed for the indoor-outdoor California lifestyle!🏡

Hedged and gated, this 5-bedroom, 6 bath modern home is the ultimate in sophistication and style!

Reach out with any questions you may have, always here to help!

06/07/2022

1912 fully re-imagined and lovingly restored Craftsman home!🏡

The house boasts original hardwood floors, a fireplace, coffered ceiling, wood wall paneling, stained glass and many built-ins creating ample storage!

What are your thoughts?

06/03/2022

How to set yourself up for home buying success!✅

1. Avoid maxing out credit card debt
2. Do not quit your current job or change careers before buying
3. Avoid making any big financial changes before closing
4. Do not finance a car or any other big items before buying your home