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October 7, 2021 C.A.R. releases its 2022 California Housing Market Forecast California housing market to remain solid if pandemic is kept under control, but structural challenges will persist. Existing, single-family home sales are forecast to total 416,800 units in 2022, a decline of 5.2 percent from 2021’s projected pace of 439,800. California’s median home ...
There are more homebuyers than homes to buy right now. That means a lot of home sellers find themselves in the fortunate position of having multiple offers to sift through, with many offering more than listing price. Welcome to a seller’s market! While having a bunch of buyers throwing money and promises at you is a wonderful problem to have, you still need to know how to choose a single ...
You’ve accepted an offer on your house, signed a purchase agreement, and now you’re waiting to close. Congratulations! But there’s still a list of things you need to do before the closing — when the sale is official, and you hand over the keys to your house in exchange for a check. Here’s what you need to know about the house closing process for seller...
Every listing agent has a similar goal — sell your house for the most money in the least amount of time. But there’s much more to it than that, and many things set a good or great agent apart from an average one. Sellers evaluate real estate agents based on the services they offer, their skill level, their expertise and their character. Ultimately, the right real estate agent for yo...
There’s an absurd amount of propaganda about the housing market in the news these days. And it’s not just our clients who are absorbing it. Realtors are coming to me in a panic over clickbait-style headlines from respected journalists. I was watching a video the other day in which a journalist stated we could see a “20% decrease in housing year over year.” But they ...
Good luck finding a local topic hotter than the opening and closing (and re-opening and re-closing) of the Sixth Street Viaduct. That’s a lot of opening and closing and we can reasonably expect more of the same over the next few months. The redesigned Sixth Street Bridge was opened to the public with serious fanfare on the weekend of July 10th. There were fireworks. There was live music. ...
The next time you’re traveling southbound on the 101 freeway, take a glance upward into the Hollywood Hills. But be sure to allow yourself time for a double take. That’s because you’re likely to see what looks at first glance like a flying saucer crashed into the hillside. But this structure perched in a seemingly precarious position overlooking Universal City has never taken ...
Numbers don’t lie. We wish we could say the same for headlines. In our quest for transparency, we’re going to be bringing you monthly updates on the health of the real estate market with our new series Absorption Rate Analysis. We hear a lot about “fewer homes hitting the market”, but this hasn’t been our personal experience. We still see a very healthy market in t...
Ideally, we’d like to work in a real estate industry in which everybody wins. Easier said than done. But contingencies, when used in good faith, help us get closer to that goal. What are contingencies? Basically, they’re conditions that can be placed on a transaction that, if not met, invalidate the transaction. This definition probably paints more of an “everybody l...
Some people have no clue about their home’s value. Others methodically scrutinize and analyze, but still end up with doubts. And still there are those who fully trust one figure, say a property assessment, only to list their home and find that the market doesn’t quite agree. There are so many moving factors involved with valuation that precision can be tricky. But excuses aside, wha...
