The #1 Reason To Not Wait Until Spring To Sell Your House
Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition! The #1 Reason to List…
Why Housing Supply Has Increased As Sales Have Slowed Down
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers. For over three years leading up to this point, the exact opposite…
Are We Headed For a Housing Market Crash?
In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that: New listings jumped 8% year-over-year nationally, the largest increase since 2013 Total listings in the 45 largest markets are now up 6% on average over last year This increase in housing inventory has sparked two different reactions. Some are saying this is the first…
2 Critical Considerations If You’re Thinking of Buying or Selling a House Soon
When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors…
How The Supply Of Homes For Sale In Westlake Village Impacts Buyer Demand
The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic(demand).…
How Much Has My Home Increased In Value?
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 6.2% 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…
Thinking Of Selling Your Conejo Valley Home? Get Ready To Negotiate!
Now that the Westlake Village real estate market is BOOMING, some sellers may be tempted to try and sell their home on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation. In most cases, the seller is not. The seller must realize their…
5 Reasons to Hire SG Associates to Sell Your Home in Westlake Village
Whether you are buying or selling a home in Westlake Village, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem in Conejo Valley. That’s why you need an experienced real estate professional to…
The Ultimate Guide to Buying a Home
If you’re like most people, buying a home represents your single biggest investment – and debt. As such, the home buying process can be one of the most exciting, but sometimes also stressful, experiences you ever go through. This may be true whether you’ve bought many homes or you’re looking to buy your first, whether…
7 Housing Considerations When Retiring In Westlake Village
As more and more Westlake Village home owners enter retirement age, the question of whether or not to sell their homes and downsize is becoming a hot topic. In the current Conejo Valley housing market, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to…
Demand For Homes To Buy Continues To Climb in Westlake Village
Across the Conejo Valley from Westlake Village to Thousand Oaks, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! Homebuyers are out in force and are being met with a highly competitive summer real estate market. According to the National Association of Realtors (NAR), the inventory of…
The Surprising Reason Home Sales are Down 3%
Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title and real…