There are some who are calling for a substantial drop in home prices should mortgage interest rates begin to rise rapidly. Intuitively that makes sense.
The cost of a home is determined by the price of the home and the price of financing that home. If mortgage interest rates increase, less people will be able to buy. The logic says prices will fall if demand decreases.
However, history shows … [Read More...]
This holiday season, seniors and aging adults are urged to stay active in order to enjoy good health during this year's festivities. While nonagenarians, a person whose age is in the nineties, may not be able to go “dashing through the snow” as fast as they did in their youth, they can make an effort to see friends, do volunteer work, play a rousing game of Scrabble or even knit holiday sweaters … [Read More...]
In a recent video update on the housing market, Frank Nothaft, Freddie Mac’s chief economist, stated that with both mortgage interest rates and home prices projected to increase in 2015 buying now makes sense.
If you are planning to buy a home in the next year, it’s better to do it sooner rather than later.
Here are the latest mortgage interest rate projections from four major housing … [Read More...]
As we discussed recently one reason to sell now is demand is still strong. With inventory levels also still below historic numbers, you could be missing out on a great opportunity for your family.
1. There Is Less Competition Now
Housing supply is around 1 month, which is way under the 6 months’ supply that is needed for a normal housing market. This means that there are not enough homes for … [Read More...]
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ … [Read More...]
Today we are excited to have Nabil Captan as our guest blogger. Nabil is a nationally recognized credit scoring expert, educator, author and producer. In today’s post, he explains how what you don’t know about your credit score could end up costing you. Enjoy! – Team Junell and The KCM Crew
Informed consumers considering a home purchase today want to do the right thing and plan ahead. Many do … [Read More...]
I am without words to express my gratitude for all the patience, support and guidance your team has provided. I came to you with one crazy list of needs and a situation you do not run into everyday. After multiple attempts and some close ones that fell through, none of you wavered. I believe my son and I have found a good home in a great neighborhood.
Once again: THANK YOU
No doubt your … [Read More...]
Overwhelmed and stressed-out caregivers may view the holidays as a drain of precious energy rather than a joyous occasion. The love, peace and goodwill are replaced with stress, frustration and anger. Everything from the preparation to the actual event can be tiresome.
Here are some suggestions to help make the holidays more enjoyable and less stressful for caregivers. Keep in mind that the … [Read More...]
I was speaking recently with our mortgage broker about the fact we have several clients who bought their home when they didn't have children or had one child and now have several children. They have literally grown out of their home. Unfortunately, due to the market, their homes are now worth less than when they bought and they owe more on their home than what it is worth. They are fortunate as … [Read More...]
Our inventory of homes for sale in the Tri-Valley remains relatively low and as a result we’ve experienced an 11% increase in 2014 in the medium sales price to $733,000. Amazing! With that said, this is the slowest rate of price appreciation in four years.
The California median home price is forecast to increase 5.2 percent in 2015, and we’re likely to see similar in the Tri-Valley as prices … [Read More...]