Elk Grove and Pocket Home Finder

05/11/2022

More sellers are expected to list their houses in the months ahead. Let's connect so you have a trusted real estate advisor on your side and can act when your dream home comes to market.

05/10/2022

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals.

>>What’s Happening with Home Prices?

Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says, “Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.”

So why are prices climbing so much? It’s because there are more buyers than there are homes for sale. This imbalance is expected to maintain that upward pressure on home prices because homes for sale are a hot commodity in today’s low-inventory housing market.

>>Where Do Experts Say Prices Will Go from Here?

Experts say the housing market isn’t set up for a price...

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals.

05/09/2022

There's a significant number of first-time buyers in the market. If you're looking to move up, now is a great time because your home could be just what those buyers are looking for. DM me if you're ready to take advantage of the high demand for starter homes in today's market.

05/06/2022

It’s critical to be prepared as a buyer in today’s market. That means knowing your budget, knowing what you can afford, and having a trusted partner on your side who can help keep these things top of mind during the negotiation process. DM me so we can work together to find you a home that fits your needs this season.

05/05/2022

Here are three things that can help give you the information you need to confidently pursue your dream of homeownership.

>>Consider All Options When the Number of Homes for Sale Is Low
Today, there are far more buyers in the market than there are homes available for sale. When that happens, it’s a good idea to do what you can to increase your pool of options. Condos and townhomes are both great entryways into homeownership. When you buy either one, you can start building equity which increases your net worth and can fuel a future move.

>>Know Your Down Payment Could Be More Within Reach Than You Think
Saving for a down payment can feel like one of the biggest obstacles for homebuyers, but that doesn’t have to be the case. As NAR says, “One of the biggest misconceptions among housing consumers is what the typical down payment is and what amount is needed to enter homeownership.” For all homebuyers right now...

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you're looking to purchase your first home, you may be wondering what's happening in the housing market today, how much you need to...

05/05/2022

Check out LuAnn Shikasho's profile on RateMyAgent

05/04/2022

Thinking of downsizing? If so, it’s important to meet with a real estate professional to talk about your goals, what you’re looking for, and where you’d like to live. DM me so you have an expert to help you sell your current house and find the perfect home for your changing needs.

05/03/2022

According to the latest report from NAR, nationwide, homes are getting an average of 4.8 offers per sale. In this type of competitive housing market, it’s important to know what levers you can pull to help you beat the competition.

>>Offering over Asking Price
When you think of sweetening the deal for sellers, the first thought you likely have is around the price of the home. You just want to make sure your offer is still within your budget and realistic for the market value in our area.

>> Putting Down a Bigger Earnest Money Deposit
An EMD is a check you write to go along with your offer. If your offer is accepted, this deposit is credited toward your home purchase. NerdWallet explains, “A typical earnest money deposit is 1% to 2% of the home’s purchase price, but the amount varies by location. A higher earnest money deposit may catch a seller’s attention in a hot housing market.”

>>Making a Higher Down...

With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. He...

05/02/2022

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand.

Selma Hepp, Executive, Research & Insights and Deputy Chief Economist at CoreLogic, puts it like this:

“With so few homes, buyers are once again left with fierce competition that’s driving the share of homes that sold over the listing price up to 66% . . . With the continued imbalance between supply and demand, home prices are likely to have another year of strong gains and are expected to average about 10% growth for the year."

Because it will take some time for housing supply to increase, experts believe prices will continue rising. The latest Home Price Expectations Survey forecasts the rate of appreciation will moderate over the next few years, but prices will continue rising through 2026.

>>What This...

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand.

04/29/2022

Right now, the average home for sale is getting more offers than in recent years. Let's connect so we can discuss how you can win when you make a move in today's housing market.

04/28/2022

If you're saving for a down payment, help may be out there. According to downpaymentresource.com, there are more than 2,000 down payment assistance programs available. DM me today so we can start the homebuying process and get you connected with a trusted lender who can help you explore your options.

04/27/2022

According to a recent realtor.com survey, there are multiple reasons homeowners are making a move this year, including taking advantage of today’s incredible sellers’ market. Are you thinking about selling your house? Reply in the comments with what’s motivating you to move, then let’s connect and make it happen.