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Showing posts with label housing. Show all posts
Showing posts with label housing. Show all posts

CNBC Explores U.S. Housing in 2016

In Conversation with Marcus & Millichap’s Hessam Nadji they discuss the following:

 Top housing markets for 2016
 Emerging and recovery markets – where investors can find opportunity
 Increased housing construction still falling short of demand
 Low energy prices offer housing a boost
CLICK HERE for the video.

Looking for a new home? If you or a friend or relative is looking for a new home, have them contact me at 714-584-5509. I can help you sell your current home and find the perfect new home. 

2016 Real Estate Market Forecast


With the New Year here, many organizations and companies are forecasting how the housing market will perform in 2016. Here are a few predictions.
  • Realtor.com believes that 30-year mortgage rates will increase to 4.65% and national housing prices will rise 3% (compared with 6% in 2015).
  • According to the Mortgage Bankers Association, new loan originations will jump to$905 billion – up from $821 billion this year.
  • The American Institute of Architects is predicting that home improvement projects will likely hit a new high, exceeding the record $325 billion set in 2015.
  • BofA Merrill Lynch Global Research expects housing starts to reach 1.275 million.
  • According to TransUnion, the mortgage loan serious delinquency rate (defined by the company as ‘the ratio of borrowers 60 or more days past due’) will slide from its current 2.5% to 2.06%.
While the predictions vary, the consensus is that 2016 will be another strong year for the housing market. Please contact me if you need assistance.

Looking for a new home? If you or a friend or relative is looking for a new home, have them contact me. I can help you sell your current home and find the perfect new home. Complete the Client Registration form to receive daily listings by email that match your specific search criteria.

9 Things to Ignore at an Open House

Don’t let signs of a home’s previous life deter you from making it your dream home. The sellers may not have had the time, money, or willpower to professionally stage or remodel their homes before their open house, but that isn’t always a bad thing.

While a turnkey home is ideal for people who want to move right in and make no changes, don’t ignore those “time warp” homes. They can be incredible gems that just need a little polishing. As you step into each home while you’re house hunting, try your best to ignore these nine buyer turnoffs that are actually pretty easy to adjust.

1. An Older Home

“Old” isn’t synonymous with bad. In fact, sometimes newer homes are more affordable simply because they were built with cheap materials — and that may cost you more money in upkeep than a home built decades ago with quality materials that have proven to stand the test of time.
Remember that there are many simple fixes to modernize a dated home, and many older homes are full of charm and character that you can’t find in a brand-new build.

2. Paint Colors

Don't be turned off by flowery wallpaper and dated furniture.
Ignore the existing paint choices and focus on the structure of the room, the placement of the windows, etc. Paint is an incredibly easy, cheap fix and something you can change in just a few hours.

3. Wallpaper with roosters and chickens

It may feel as if you are walking into a barnyard, but remember that wallpaper (even when it’s covered with roosters and chickens) is easily replaced or covered over. So no matter how design-challenged the walls look, it’s an easy fix.

4. Kitchen appliances and accessories

The kitchen is the heart of the home, but sometimes the appliances just don’t live up to your dreams. As long as you have room in your budget or a timeline to replace the existing appliances, a seller’s ancient yellow fridge shouldn’t be a deal breaker.

5. Ugly carpet

Flooring options are getting more and more diverse, and there are now many low-cost options that look just like their higher-priced counterparts. Don’t walk away from a great house just because you’re not a fan of what you’re walking on.

6. Funky smells

Serious mold problems aside, there are few things a deep cleaning can’t fix. Plug your nose and focus on the home’s bones and the potential it has once you give it your own touch.

7. Curb appeal

If you’re not saying “wow” when you first drive up, that’s OK. Close your eyes and envision a different-colored front door and some new landscaping, and, presto — it might just transform into your dream home!

8. Popcorn ceilings
It’s great at the movies, but not at home. No worries! A ceiling specialist can come in and have all that popcorn texturing scraped off. Just make sure you have it done before you move in — it’s a messy job.

9. No privacy

The house feels too exposed and lacks privacy from next door? Easy fix. Remember, “Hedges make great neighbors.”
Let me know how I can help you or someone you know purchase or sell real estate. I always have time for your questions and referrals.

Looking for a new home? If you or a friend or relative is looking for a new home, have them contact me. I can help you sell your current home and find the perfect new home. Complete the Client Registration form to receive daily listings by email that match your specific search criteria.

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