Simi Valley Luxury Homes Click Here Tips for the Simi Valley Luxury Home Buyer If terms such as Art Deco, Italianate, Federal colonial and mid-century modern are floating around in your head, the chances are good that you’re considering purchasing a Simi Valley luxury home. Knowing the fine points of architectural styles is one thing, understanding the differences between the luxury home...
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Back in 2005, Federal Reserve Chairman Alan Greenspan d the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say: “The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern…some households may be employing these instruments to...
In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.” Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, 15 years.” How does he suggest you do this? Here’s the...
As a homebuyer, you’ll face one of three types of real estate markets as you embark on home ownership: buyers’, sellers’ and balanced. The type of offer you’ll want to submit is highly dependent on the current market. In a market where there are lots of homes for sale and few buyers competing for them, a buyer has a different set of objectives than when the market is searing, with few homes for...
Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis. However, there is a major difference between the two markets. Last decade, while demand was being artificially created by extremely loose...
We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a great time to sell your house. Let’s look at the data covered in the latest Pending Home Sales Report and Existing Home...
Wait until you see this Dream Backyard w/ Sparkling Pool, Spa, Waterfalls, Covered Patio, 3 Horse Stalls, Tack Room, Turnout, Children’s Play Structure, Fire-pit & Lush Landscaping with Palm Trees & Roses! This lovely home has 4 Bedrooms, 3 Full Bathrooms (1 bed/bath downstairs), 2720 sqft, 28,057 sqft Lot on Cul-de-Sac w/ Huge, Gated RV Parking w/ hook-ups & clean-out in desirable...
For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012. With this being said, three of the four major reports used to measure buyer activity have revealed that purchasing demand may be softening. Here are the four indices, how they measure...
Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s equity position. Home equity is defined as the difference between the home’s fair market value and...