Juan Carlos Diaz - NCW Real Estate Solutions

Juan Carlos Diaz - NCW Real Estate Solutions Serving your real estate needs in the greater Wenatchee Valley area. Se habla español. Real Estate Agent

05/08/2024

Good morning! I want to share with you this.
NATIONAL MARKET UPDATE



Although builders spent a tick less in March than in February, spending on residential construction was 4.4% ahead of a year ago. Even better, spending on single-family homes was up a whopping 18.3% from a year ago.

Last year’s brief decline in home prices is clearly over. The S&P CoreLogic Case-Shiller National Home Price Index rose in February, the eighth straight month of annual growth, and prices were 1.3% above their 2022 high.

Realtor.com reports the total active inventory of homes for sale last week was 33.3% higher than a year ago, the 25th straight week of gains. New listings were up 10.4%, and the median listing price was 0.5% lower than last year.

Have a great day!

08/26/2021

HOUSING NEWS


Rising Share of Americans Say They Plan to Buy

Buying a house is not something we do very often. Studies show the average American only buys a home three times in their entire life. So it'd make sense that the share of Americans planning to buy at any given time would stay fairly consistent and relatively low. But new numbers from the National Association of Home Builders (NAHB) show buyer demand is actually rising, and quickly.

The data - from the NAHB's most recent Housing Trends Report - found the share of Americans planning to buy in the next 12 months is higher than it's been in over two years. It's also nearly twice what it was at the beginning of 2020. In fact, among surveyed adults, 17 percent said they're planning to buy within the next year, which is a significant jump from 10 percent during the first quarter of 2020. But what's driving the increases? Well, according to the report, it's mostly younger Americans - with the biggest gains in buyer interest coming from millennials.

More here.


FINANCE NEWS


Home Seller Profits Hit $94,500 in 2nd Quarter

If you're a homeowner who is thinking about making a move, ATTOM Data Solution's most recent U.S. Home Sales Report has good news for you. That's because the report - which looks at how much profit the typical home sale generated during the second quarter of this year - found that home sellers are seeing bigger profits than they did at the beginning of the year - and significantly more than at the same time last year.

During the second quarter, the typical home sale generated a profit of $94,500. That's up from $90,000 during the first quarter and $60,572 during the second quarter of 2020. In short, it's a good time to sell a home. But while home seller profits are up, return on investment saw a slight decline. Todd Teta, ATTOM's chief product officer, says it may be a sign that the market is finally starting to cool. "While it may just be a momentary thing in today's volatile market, it's definitely something to keep an eye on in case it's a sign that the market is finally cooling or giving in to some of the economic forces connected to the virus pandemic," Teta said.

More here.


MORTGAGE NEWS


Half of Homes Sell in Two Weeks or Less

Homes sell quickly these days. Anyone who's shopped for a house recently knows this. A quality house listed on a Thursday will sometimes not even last through the weekend. That's good for home sellers but can be stressful for buyers. Which is why new numbers tracking home sales over the four-week period ending August 1 offer encouragement.

The data shows that 49.7 percent of homes had an accepted offer within two weeks of being listed. And while that's fast - and nearly 6 percent higher than the same time last year - it's also about the same as it's been since early July. In other words, homes are still selling quickly but the rate has begun to plateau. That could be a sign that the red-hot housing market is beginning to cool, heading into the second half of summer. And, if the trend continues, it may mean home buyers find more available homes for sale and a little less competition than they did earlier in the year.

More here.


ECONOMIC NEWS


Rising Equity a Sign of Healthy Housing Market

When the pandemic began in early 2020, there were fears that it would hurt the housing market and home values. However, those fears were quickly set aside as home buyers returned and prices rose. In short, the housing market survived relatively unscathed as the coronavirus caused volatility and uncertainty nearly everywhere else. Now, more than a year later, a new report shows that it continues to thrive.

According to ATTOM Data Solutions' U.S. Home Equity & Underwater Report, the number of equity-rich properties - those whose loans are no more than 50 percent of the property's estimated value - continues to rise, while the number of seriously underwater homes is falling. Todd Teta, ATTOM's chief product officer, says the pandemic has actually helped homeowners. "Instead of the virus pandemic harming homeowners, it's helped create conditions that have boosted the balance sheets of households all across the country," Teta said.

To all my friends and clients this is my new business card with my updated phone number.  I hope I can serve you well.  ...
03/19/2021

To all my friends and clients this is my new business card with my updated phone number. I hope I can serve you well. God bless you all.

Para mis amigos y clientes esta es mi nueva tarjeta de presentacion con mi nuevo numero de telefono.
Mi deseo es poderles servir bien. Dios les bendiga.

07/25/2020

Good morning, I'm sharing this very important topic with you. I hope you like it!

Buenos dias estoy compartiendo con ustedes un punto muy importante en la compra de una casa.
Cualquier pregunta porfavor dejen me la saber.

HOW TO PREPARE BUYERS FOR HIDDEN COSTS

Most buyers come into the home buying process with a budget already in mind. But if they match their home price to their available budget, they may end up in hot water come closing time. That’s why it’s so important to make sure you properly prepare your clients for the hidden costs they’ll encounter on the road to homeownership. Here are a few expenses to be sure your buyers are aware of.

Closing costs — Many of the closing costs are negotiable, but it’s common for buyers to pay most of them, particularly in a seller’s market. Mortgage fees, title insurance, recording fees, and appraisal fees are some of the small numbers that will add up to be the closing costs, which can vary and depends on the purchase price.
Moving costs — Once the closing is over and the home belongs to your buyers, they’ll still have to shoulder the expenses of moving in. These numbers can vary depending on how far they’re moving and much of the moving labor they’re willing to do themselves, but they should know the answer to those questions before buying a home.
Utilities — While your buyer may be able to afford the monthly mortgage payments, it’s important that they also consider the utility costs at their new home. Depending on their previous living situation, they may not think to consider the costs that come with water, electric, trash, and other necessary monthly utilities.
HOA — If the property being considered is under the restrictions of a homeowner’s association, they could be looking at another few hundred a month in fees. Many HOAs provide services that your clients may find useful and worth the expense, but they may also want to look into what the HOA provides and make sure they feel comfortable signing on for the fees in exchange for whatever the service provides.
Property taxes — These are calculated based on the value of the property, as well as state and city regulations. This means that different properties even in the same city could come with different property taxes.
Insurance — Homeowners with a mortgage are almost always required to get homeowner’s insurance, so this is a non-negotiable expense for most buyers. The cost will depend on location and other factors, but buyers can expect their annual premium to be around a thousand dollars.
Once they have a complete understanding of the full financial picture of a home purchase, your clients may find that their budget has shifted. By getting this out of the way early, you help ensure that your buyers are looking at homes in their correct price range and will ultimately end up in a house that suits their needs and their budget.

10/13/2019

Something I read today. This might help.

How to detect and avoid five of the most common household hazards.
Home is where you feel comfortable and safe. It’s where you tuck your kids into bed and lazily watch hours of Netflix on the couch.
Without your care and vigilance, however, your home may develop conditions that can make you severely ill — or even kill you.
Here are five ways your home can potentially harm you and expert advice on keeping these issues from affecting your household.

1. Mold

Though mold isn’t a pathogen (a disease-causing agent), it’s still an allergen that you don’t want hanging around your house.
“When people say they have a mold allergy or they have a mold condition, it’s an allergic reaction,” says Peter Duncanson, director of business operations for disaster restoration specialists ServiceMaster Restore. “[Molds] generally considered toxic are ones like stachybotrys, which are black in color — but not all black molds cause the same reactions.”
Molds, including black molds like stachybotrys, form if moisture concentrates in an area where a food source is present, such as skin cells or paper. You know you have mold growing in your home if you smell an earthy, musty scent. Though mold exposure won’t severely harm the average person, repeated exposure is not advised for your health.
“The buildup [of mold] causes a more violent reaction, and those reactions are generally respiratory in nature and pulmonary, so you have trouble breathing,” Duncanson explains. “A very severe reaction to mold can be anaphylactic — you can’t breathe, and you go into an anaphylactic shock.”
Luckily, you can prevent mold by keeping your home dry, running the exhaust fan when taking a shower, and purchasing a dehumidifier for the basement in the summer.
If you do find black mold (or what’s commonly referred to as toxic mold) in your home, don’t panic. Contact a professional who can safely remove the mold and eliminate the water source feeding it.

2. Exposed asbestos

Asbestos was a commonly used building material up until the mid-20th century, when it was determined to be a very dangerous carcinogen that causes mesothelioma cancer. Though builders aren’t legally allowed to use asbestos in building materials and other products anymore, traces of it are often found in older homes.
“Asbestos is not harmful to you if you don’t disturb it,” Duncanson says. “The problem arises when you start cutting or doing demolition and asbestos becomes airborne.”
It may be tempting to DIY an open-concept living space in your vintage bungalow, but if your home was built before the 1980s, seek the advice of a professional before you start knocking down any walls. The latency period of mesothelioma cancer can be years, so problems may not arise until much later in your life.
Handling asbestos is a dangerous task, and professionals have the equipment to remove it safely without risking your health.

3. Carbon monoxide poisoning

Carbon monoxide poisoning, which kills thousands of people each year, occurs when there’s too much carbon monoxide in your blood. This can result in tissue damage or death.
Improperly ventilated appliances like stoves, water heaters and gas appliances can release carbon monoxide. Improperly cleaned chimneys cause smoke to circulate throughout the home — this can also give you carbon monoxide poisoning, according to Andy Kerns, a home maintenance researcher.
To protect yourself from carbon monoxide poisoning, properly ventilate appliances and clean heat sources like wood-burning stoves every year before use. Call a professional if you have any doubts about the safety and security of your appliances or ventilation within your home.

4. Fire

Seven people in the U.S. die each day from house fires, according to the National Fire Prevention Association. Most of these house fires are the result of normal, everyday use of appliances, candles and cooking equipment. The most surprising fire starter, however, lives in the laundry room.
“Dryer lint can collect in the dryer and become an electrical fire starter,” says Kerns. “Dryers are the number one cause of house fires.”
To prevent house fires, ensure that your appliances have the right rating before you plug them into outlets. Always extinguish candles after usage and carefully watch the stove when cooking.

5. Slippery bathroom surfaces

The bathroom is often ranked as the most dangerous room in the home. Wet, slippery surfaces often lead to falls — and result in anything from embarrassment to a fractured hip.
“Bathtubs, especially, are an area where you can fall and hit your head,” notes Kerns. “A lot of people get pretty severely injured in the bathroom, particularly when they’re older.”
As we get older, bathroom safety gets more pertinent, so it’s a great idea to install things like grab bars or a walk-in tub for ease of use as you age. Be sure to wipe down any wet surfaces, and place bath mats by the sink and tub to prevent bathroom falls.

Keep tabs on your home

Taking the time to slow down and keep your home safe is essential for any homeowner. Give your home a monthly, semiannual and annual checkup to keep it in tip-top condition for years to come.
“Given how busy our lives are, and all the different things we have to keep track of in our digital environments, it’s harder and harder to keep some of the physical maintenance issues top of mind. I think a lot of people tend to let things go until there’s a problem,” says Kerns. “Don’t leave it up to your memory. Have a good, reliable organizational system that keeps you up to date.”

Very interesting. We learn something new everyday! I hope you guys like it.
10/07/2018

Very interesting. We learn something new everyday!
I hope you guys like it.

Many would-be vacation home owners wonder about financing a second home. Here’s a look at what you need to know about financing yours.

05/26/2018

Mortgages can be daunting, but getting pre-approval may make your hunt for a new home much smoother.

01/02/2018

My beautiful Wenatchee

What do You think? I didn't know.
12/21/2017

What do You think?
I didn't know.

Homeownership correlates to higher educational achievement, civic engagement, better health and happiness, and lower crime.

Address

175 E. Penny Road Ste. B
Wenatchee, WA
98801

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Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+15096706567

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