Most first-time buyers in the outskirts of Los Angeles County assume they should wait for mortgage rates to drop before purchasing. But if home prices keep climbing while they wait, the savings on interest get erased by a higher purchase price, and the higher principal balance stays for the life of the loan. Gabriella Godde, ...
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The common narrative around Joshua Tree is that the market is drowning in vacation rentals, too many Airbnbs chasing too few guests. But in a market that still draws over three million visitors a year, the vacancy problem may have less to do with how many rentals exist and more to do with what owners ...
The most common misconception among first-time homebuyers has not changed much over the years: they believe they need a large down payment and excellent credit to qualify for a mortgage. In parts of Los Angeles County where median home prices sit around $500,000, that belief keeps would-be buyers on the sidelines, paying rent while assuming ...
Most residential real estate markets are driven by people who need a place to live. California’s high desert, the stretch of communities surrounding Joshua Tree National Park, from Palm Springs southwest of the Morongo Valley, Yucca Valley, and Twentynine Palms, operates on a different ratio. Roughly 75 percent of buyers in this market are purchasing ...
When people talk about what is holding back the luxury housing market in Los Angeles, they tend to focus on interest rates and economic uncertainty. Adam Brawer, a residential agent focused on the west side of Los Angeles, points to a different factor: a local transfer tax that has compounded the rate-lock problem for sellers ...
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It is tempting, when a listing has sat for a few weeks with no offers, to assume the price is wrong. In many markets, that instinct is correct. But in military-dependent markets like Hampton Roads, Virginia, a stale late-summer listing may not be a pricing problem – it may be a calendar problem, according to ...
In the western suburbs of Chicago, homeowners who list above market value, banking on the idea that a motivated buyer will negotiate down, are not just sitting on stale listings. According to Michael Berg, a broker covering DuPage County and parts of Cook County, those overpriced homes function as unpaid marketing for every competitively priced ...
Scroll through listings in North Orange County, California, this fall and the market looks like it is softening: price reductions dotting the inventory, homes sitting longer than they did a year ago, sellers pulling back from their original ask. For buyers, it is tempting to read those cuts as a signal that values are falling ...
Selling a home is supposed to be the exit strategy. But for a growing number of homeowners in Las Vegas, the math on a sale does not work right now, and the result is a wave of reluctant landlords entering a rental market that punishes inexperience. Corinne Gordon, a Realtor and co-owner of Hive Real ...
In the Chicago suburbs, single-family homes in desirable locations are drawing multiple offers and selling fast. Condos are moving in the opposite direction: inventory is climbing, financing is getting harder to secure, and sellers are increasingly offering concessions. The gap between the two segments is widening, and the forces driving it apart show no sign ...
The homes moving quickest in Houston right now are not the ones buyers pin to their vision boards. They are modest starter properties: three bedrooms, two bathrooms, located in the suburbs. Larger, more expensive homes are sitting longer. For first-time buyers holding out for the house they actually want to live in long term, that ...
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