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  • The Wonderful World of Real Estate Blog

    Friday, January 27, 2017   /   by Zachary Johnson

    California Home Price Ends Year on High Note

    California home price ends year on high note while sales moderate in December;
    housing market posts solid performance in 2016
     - December’s statewide median home price was $509,060, up 1.5 percent from November and 3.9 percent from December 2015.
    - Existing, single-family home sales totaled 411,230 in December on a seasonally adjusted annualized rate, down 7 percent from November and 0.6 percent from December 2015.
    - Demand for homes continued to outstrip supply, causing the Unsold Inventory Index to decline to 2.6 months in December from 2.8 months in December 2015.
    LOS ANGELES (Jan. 19) – Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace and home price increases in December, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
    Closed escrow sales of existing, sing ...

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    Friday, January 20, 2017   /   by Zachary Johnson

    Are local housing's price gains real? Appraisers seem to think so

    Real estate appraisers are the industry’s professional party poopers.

    They’re paid to keep an eye on valuations so buyers, lenders – and even sellers – know a home price is within logical boundaries. If appraisers get skittish about the housing market, deals and loans get harder to complete.

    I watch a curious regional home-price index from the Real Estate Research Council of Southern California, a group of property industries analysts and insiders operating out of Cal Poly Pomona.
    The group produces a housing benchmark by having volunteer appraisers go out every six months to value the same 308 homes in the seven-county area to gauge pricing patterns. The group has done this since 1943, with a major revision in 1990.
    To me, when you compare the appraiser indexes to traditional benchmarks – say, CoreLogic’s widely quoted median selling price – you get a sense of whether broad valuation trends are consistent with the logic appraisers use. ...

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    Friday, January 13, 2017   /   by Zachary Johnson

    Great Home Anit-Burglary Tips

    Read this article, definitely great tips!!!

    10 Anti-Burglary Tips for Your Sellers

    When your clients are opening their doors to the public for showings, they need to take extra precautions. Share these suggestions to help them keep their belongings safe.

    After Christmas, many people put the empty boxes their expensive gifts came in out on the curb. What do you think that says to potential burglars? It screams, “I just got a brand-new TV! Come and rob me!”
    That’s just one example of some unwise habits homeowners have. If those owners are sellers opening their doors to the public for showings, habits such as these put them in even greater danger. The above example is a good warning to give to your clients now, since we’re in the holiday season. But use it as a jumping-off point to have a deeper conversation about safety — and to show that your safety knowledge is an asset to sellers.
    Consider using ...

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