Real Estate Blog

5 Ways Tax Reform Has Impacted The 2018 Housing Market

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. Now…

Americans Choose Real Estate as Best Long Term Investment

Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real…

How Much Has Your Home Increased in Value This Year?

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price. The…

Time To Think About Downsizing Your House

Are you an empty-nester? Do you want to retire where you are, or does a vacation destination sound more your style? Are you close to retirement and not ready to move yet, but living in a home that is too big in size and maintenance needs? How can you line up your current needs with…

How To Price Your Home For Sale in Westlake Village

If you are selling your home, you’ll need to know how to price your home for sale. Assuming you price your house to sell, your house should start to gain awareness and potential home buyers within hours. But what exactly goes into the process of setting the price of your house? Let’s dive into which…

Should I Sell My House And Rent When I Retire?

I sold my home… should I rent or buy another house? In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home. “Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or…

How The New Tax Code Will Impact Your Home Value

Will the new tax code impact the value of your home? Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months. 2018 national home value forecast Below is a map, broken down by state, reflecting how home values are forecasted to change by the…

How To Determine If You Should Remodel Or Move

Last week, we shared “The 7 Commandments of Downsizing in Westlake Village.” For some homeowners, these seven factors can be taken into account with a home renovation, but is it worth it to remodel or change floor plans? Let’s look at an example. Is a home renovation the right choice? Let’s say you have a 4-bedroom Spanish…

7 Commandments of Downsizing in Westlake Village

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs…

4 Considerations When Buying a Home in Westlake Village this Spring

Thinking of buying a home in the Westlake Village area this Spring? Good choice! Here are four great reasons to consider buying a home today instead of waiting. 1. Westlake Village Home Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report…

What Rising Building Permits Means For Home Sellers

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.4% over last year. How building permits impact…

Are Home Prices In Westlake Village Overinflated?

Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report.According to the report: “The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the 71st straight month of year-over-year gains.” Seventy-one consecutive months of price increases may have some concerned…