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Uncategorized Real Estate Winds Might be Changing. What Does This Mean For You? After an unanticipated, wildly hot market due to covid stimulus and near zero interest rates, pricing increased by 50-100%. Flash forward to today with high rates, high prices and our crazy train might have finally run out of steam. Here’s how to compose what this picture looks like now. First, this doesn’t mean the market […]
Uncategorized Leaseback for Real Estate-What is it? Navigating a move, a transaction, picking a new house and navigating moving your family all at the same time can be challenging. As a result, one option you might want to consider is a leaseback.   What is it? A leaseback is a lease after sale. You get to stay in your home for an […]
Uncategorized Prices are up, do you sacrifice capital gains or your property tax base Since the pandemic, real estate prices have increase by 50-100% for some properties. If you are in this position and your home no longer works for you, you’re confronted with a decision is you’re over the age of 55. Do you take the capital gains tax hit in order to maintain a lower property tax […]
Uncategorized Will Real Estate Prices Go Up 10%? Barbara Here’s why Barbara is so optimistic on pricing. Assuming a buyer puts down 20% for a home, every 1% change in the buyer’s mortgage rate, changes the buyer’s purchasing power by 10%. That’s a huge swing for a lot of potential buyers. Given the purchasing power change and based on Barbara’s input, this should […]
Uncategorized Real Estate: Rates and Legislation If I had to draw a metaphor for our market, I would say that it feels a little like people are using Dorothy’s line “lions and tigers and bears, oh my!” First, mortgage rates. Mortgage rates are holding high because inflation is much stickier than anticipated. Hope for rates coming down continues to be a […]
Uncategorized Market Update-Q1 2024 I like to look at data quarter by quarter especially when we have had few transactions and we expect low transaction rates to continue. As a whole, we’ve had continued price growth. Corona del Mar had 3 sales in Q4 that were all over 20 million and those sales slightly skewed the data. I don’t […]
Uncategorized Home Attraction You ever drive down a street and find that you’re naturally more attracted to one home than another? What draws you to that particular home over another. Here’s why you might be more drawn to one property over another.   Outdoor lighting- We’re all naturally drawn to light, bright spaces. The same is true for homes […]
Uncategorized Rent Vs Sell There has been a lot of discussion of Golden Handcuffs for a lot of owners given where interest rates are currently. We’ve also had a significant jump in pricing over the course of the last few years. If your home no longer suits your needs, the new interest rate marketplace and change in pricing can […]
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Uncategorized 2024 Housing Market- “Never Bet Against America” I think it’s appropriate to quote Warren Buffett: “Never bet against America”.   Nationally I’ll also add that all of the emphasis will be on Orange County real estate. There are areas that have had some softening like the desert and the bay area.   Jerome Powell may have successfully achieved the soft landing at […]
Uncategorized 2023 In Review 2023 was a significant surprise. I think we always look at our most recent pain with the expectation that is how our next pain will appear, aka a massive cliff with prices plummeting. I think that when rates popped up above 5%, many people expected to see a correction. Obviously, that’s not what happened.   […]
Uncategorized Calculating your Rate of Return I will start this by saying that there are many different ways to calculate your rate of return. Options can vary from the very basic to emphasis on the minutia including the individual water bills and electrical bills.   The way that I was always taught was to calculate your cash on cash rate of […]
Uncategorized Behavioral Economics in Your Face When you hear that the Fed is coming out and saying that we’re near the end of rate hikes, you would imagine that buyers would rejoice and hit the market. However, our data indicates that our monthly supply of inventory has sky rocketed and this is a direct reflection of buyer demand.   There is […]
Uncategorized Q3 Market Update-Low Inventory Keeps Pricing High We continue to have a decrease in the volume of sales in the single family home market. However, sales volume have increased in the condo and townhome market. There are a couple of things to take away from this.   First, everyone is discussing affordability. With rates in the 7’s, that has drastically changed the […]
Uncategorized Thanksgiving Leftover Recipe 2023- Cranberry BBQ Sauce   Nearly all of us will end up with leftovers from Thanksgiving. Whether you’re hosting or being sent home with food, there always seemsto be an abundance of Thanksgiving leftovers. As a result, every year I try to come up with ways to re-invent Thanksgiving leftovers. My hope is that this recipe helps you target […]
Uncategorized Insurance, where is it?   Many markets have changed including the insurance market. Most people are in the position where the insurance premiums have changed or they are struggling to get insurance at all. If you’re in the market to purchase a home or your insurance premiums have changed, listen up. We’re navigating environmental changes, increased costs for materials, […]
Uncategorized This Market’s Secret Savings-Proposition 19 For many years, if you had lived in your home for many years and had a very low property tax base, you were disincentivized to move and pay significantly more in property taxes often by 10 fold. The only way you could keep your property taxes if you found a cooperating county and you purchased […]
Uncategorized Remodel or Move I think the answer circles back to the oldest idea in Real Estate: location, location, location. If you’re happy where you are, and your home is in need of updated finishes, absolutely remodel. However, maybe your home location is fine, but your home was new 20-30 years ago. The popular design 20-30 years ago was […]
Uncategorized Prices and Payments are Up There are a few different ways to evaluate our market. We can look at pricing, but it’s also good to calculate how interest rates have affected our monthly payments. For example, last year a home that sold for the average price of $4,257,163 had a monthly payment of $18,282.70. This is assuming a standard 20% […]
Uncategorized It Might Be a Seller’s Market, but Here’s Why You Should Buy Now There are a few different ways to evaluate our market. We can look at pricing, but it’s also good to calculate how interest rates have affected our monthly payments. For example, last year a home that sold for the average price of $4,257,163 had a monthly payment of $18,282.70. This is assuming a standard 20% […]
Uncategorized Second Quarter Market Update Despite expectations, we continue to see growth in our market. We’ve had both an increase in our average sale price year over year and quarter over quarter. In terms of the volume of our sales, we’ve seen more than we did for the first quarter of this year, but less than the second quarter of […]