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Housing Experts Report on the New Normal Using a MarketNsight study of 18 cities across the country, Builder Magazine’s John Hunt explores how, in spite of nearly a decade of positive job growth and population growth, the U.S. housing market is still anywhere from 30% to 60% below pre-recession levels. In the “old normal” (before the 2003... (more)

Homebuilders Can Take Clues From Their Apartment Builder Cousins When we think of new home designs, we generally don’t think of what apartments look like or live like inside. Two different animals, right? But the truth of it is, although single-family and multifamily builders are not so much siblings as second cousins, there is a lot that... (more)

Realtor Knowledge and Research are Key When Appraisals Come in Low Too many young consumers, however, are concerned their credit scores won’t make the cut when it comes to financing a home today, and they may be right. As the real estate market continues to sizzle, driving prices ever higher, it’s not unusual for appraisals to be a... (more)

Spring Buying Frenzy Continues Into Summer Big demand. Small inventory. Spring homebuyers are pounding the pavement at a furious pace, but the pickings are getting ever slimmer, according to news reports. Spring is traditionally the busiest time of year to buy a home, but this year listings are getting snapped up with lightning speed as... (more)

Flips experience frenzy as market tightens There are few more interesting real estate investments than home flipping — seeing an older or run-down piece of property find a fairy godmother to make it beautiful again and then being sold in several months’ time. According to a report in Realtor.com, home flipping activity is increasing across... (more)

New Homes Dominate Real Estate Market in Many Areas If you are a homebuyer looking for a brand-spanking new house, you’re in luck in many parts of the country. The market is now flooded with the most brand-new, single-family houses to hit the market since the Great Recession, according to Realtor.com. The number of these newly-built homes,... (more)

Homeowners Plan to Pump over $13B in Tax Savings into the Housing Market: Both current homeowners and renters plan to use their tax savings in the housing market. Zillow estimates both homeowners and renters could put $13.2 billion in tax savings directly into the American housing market in 2018, using some of their tax cut to rent or buy... (more)

Wage growth helps to boost housing affordability If the adage about rising tides lifting all boats is true, then it comes as no surprise that rising incomes have been helping to offset recent increases in mortgage rates, offering a boost to housing affordability in the first quarter of this year, the National Association of Home Builders/Wells... (more)

More homeowners mean fewer renters According to the National Association of Realtors, rising wages, loosening credit standards and demographic shifts are combining to create momentum for owning a home rather than renting one. With the homeownership rate rising for the fifth consecutive quarter, it held steady at 64.2%, unchanged from the... (more)

Serious buyers face stubborn homeowners If you’re already a homeowner, do you wonder why you keep getting unsolicited snail mail asking if you have any interest in selling your home? Wonder no more. The gains in home prices are getting bigger as the supply of homes for sale gets leaner, and buyers and their agents are hoping-hoping-hoping... (more)

• A giant paper shredder TRUCK with shredding specialist that are bonded & employed by: OC SHREDDING • An opportunity to clean your files and dispose of them safely to prevent identity theft • Bring all papers containing sensitive information, especially your Social Security number, account numbers and birth dates • Refer to your... (more)

Eager buyers faced with hesitant sellers Home sales are still going strong, and the National Association of Realtors says they could have been even higher if there were more homes for sale. It seems there is a critical shortage of listings, especially in higher price ranges. And out in the trenches, homebuilders are struggling to keep up... (more)

Lack of inventory continues to push prices higher It’s a great time to be a seller, but not such a thrill being a rookie buyer. Soaring home prices and the shortage of properties on the market are taking a toll on beleaguered first timers. The share of first-time homeowners fell to just 29% of all existing home buyers in January, according... (more)

HERE’S WHAT I NEED FROM YOU: 1) Call or email me that you will be participating 2) Price your items before the sale 3) Open your garage early and display your items 4) Collect your cash! Tim’s Tips on Having a Successful Garage Sale 1) Set up your “store” the night before. Clean your “sales” area and arrange items in an organized and... (more)

Lake Forest Single Family Residence January 1, 2017-January 31, 2018 Property Sales: January property sales were 29, down from 38 in January of 2017 and -32.6% lower than the 43 sales last month. January 2018 sales were at their lowest level compared to January of 2017 and 2016. January YTD sales of 29 are running -23.7% behind... (more)

More taxes equals more homes for sale? Sounds bizarre but Vancouver, British Columbia is going to try just that. You see, they have the same problem that we have here in the US, tight inventory. With inventory levels so low, they have been struggling to find a way to get inventory controlled by “hoarders” back into the marketplace. Vancouver... (more)

I believe that. In fact, I know that. Starting my start-up career at Zillow (see this for some perspective) was a very good and very bad pre-cursor for my entrepreneurial journey over the past few years. It was great in the fact that I now KNOW building a technology business at massive scale is possible; I’ve seen it done from the inside. Most people seriously... (more)

When it comes to real estate, it’s all about location. But when it comes to staging a home to sell the highest possible price, the importance of location applies to more than just the street. The placement of your furniture and accessories can make or break a room and potentially even a sale. The look and feel of a space is created by the way the various items... (more)

You want to make the most money possible when it comes time to sell your home. The way to do that is by improving and updating the things in your home that buyers look for the most. We compiled this list for those looking to boost their resale value. It’s important to focus on the renovation projects that will net you the highest ROI. All of the projects... (more)

Choosing whether to rent or own a home is not an easy decision. It requires you to carefully examine the factors and costs associated with each option. Which is better? That depends. Your unique economic situation, lifestyle and goals play the largest part in deciding what is better for you. It’s important to go into your calculations with open eyes. As... (more)

The last thing in the world you would ever want is to spend a bunch of time searching for a home, finding that perfect place and then not being approved for your mortgage. There are also many common mistakes homebuyers make that could make the process much more painful than it has to be. We’re writing this article because we know how stressful it can be... (more)