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Alberto Pacheco

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Alberto Pacheco

Homesmart Evergreen Realty

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by Alberto Pacheco

June 28, 2022


by Keeping Current Matters
There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point.As you may have already heard, the number of homes for sale has increased this year, and even more so this spring. As Danielle Hale, Chief Economist for realtor.com, explains:“New listings–a measure of sellers putting homes up for sale–were up 6% above one year ago. Home sellers in many markets across the country continue to benefit from rising home prices and fast-selling homes. That’s prompted a growing number of homeowners to sell homes this year compared to last, giving home shoppers much needed options.”This . . .

June 20, 2022


by Keeping Current MattersExperts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear:Appreciation is when home prices increase.Depreciation is when home prices decrease.Deceleration is when home prices continue to appreciate, but at a slower pace.Where Home Prices Have Been in Recent YearsFor starters, you’ve probably heard home prices have skyrocketed over the past two years, but homes were actually appreciating long before that. You might be surprised to learn that home prices have climbed for 122 consecutive months (see graph below):As the graph shows, houses have gained value consistently over the past . . .

June 13, 2022


by Keeping Current MattersAmericans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before.The graph below shows the results of the survey since Gallup began asking the question in 2011. As the trend lines indicate, real estate has been gaining ground as the clear favorite for almost a decade now:If you’re thinking about purchasing a home, let this poll reassure you. Even when inflation is high like today, Americans recognize owning a home is a powerful financial decision.How an Investment in Real Estate Can Benefit You During High Inflation Because inflation reached its highest level in 40 years recently, it’s more important than ever to understand the financial benefits of . . .

June 11, 2022


he pandemic has changed the way many of us live, work, and attend school—and those changes have impacted our priorities when it comes to choosing a home.According to a recent survey by The Harris Poll, 75% of respondents who have begun working remotely would like to continue doing so—and 66% would consider moving if they no longer had to commute as often. Some of the top reasons were to gain a dedicated office space (31%), a larger home (30%), and more rooms overall (29%).1And now that virtual school has become a reality for many families, that need for additional space has only intensified. A growing number of buyers are choosing homes further from town as they seek out more room and less congestion. In fact, a recent survey found that nearly 40% of urban dwellers had considered leaving the city because of the COVID-19 outbreak.2But not everyone is permanently sold on . . .

June 11, 2022


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June 06, 2022


by Keeping Current Matters
If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell.And here’s the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this competitive market, you can’t stick just any price tag on your home and get the deal you want. A key piece of the puzzle is setting the right asking price so you can help buyers notice your home (and get excited about it) from the very first time they view the listing. That’s where a real estate professional comes in.Why Pricing Your House Right Is . . .

June 01, 2022


by Keeping Current Matters
In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns.Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website:“The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . . a summary measure which indicates the availability of mortgage credit at a point in time.”Basically, the index determines how easy it is to get a mortgage. The higher the index, the more available mortgage credit becomes. Here’s a graph of the MCAI dating back to 2004, when the data first became available:As the graph shows, the index stood at about 400 in 2004. . . .

May 23, 2022

GRANADA HILLS CA REAL ESTATE MARKET UPDATE APRIL 2022add_circle34 HOMES CLOSED ESCROWMINIMUM LISTING PRICE $550,000 HOUSE WITH 5 BEDROOM, 3 BATHS, 2,820 SQ FT, LOT OF 7.574 AND 16 DAYS ON THE MARKETAVERAGE LISTING PRICE $1,134,339, HOUSE WITH 4 BEDROOMS, 3 BATHS, 2, O76 SQ FT, LOT OF 13,515 AND 10 DAYS ON THE MARKETMAXIMUM LISTING PRICE $3,325,000 HOUSE WITH 5 BEDROOMS, 5 BATHS, 6,550 SQ FT, LOT OF 35,143 AND 11 DAYS ON THE MARKETSIX HOMES SOLD BELOW THE ORIGINAL ASKING PRICE, AND TWENTY-EIGHT ABOVE.TWO WERE PROBATES, SIX TRUST SALES, AND TWENTY-SIX STANDARDS.HOMES LISTED AT THE RIGHT PRICE GET MULTIPLE OFFERS WITHIN DAYS AND OPEN ESCROW WITH AN ABOVE ORIGINAL ASKING PRICE MORTGAGE INTEREST RATES: CONVENTIONAL 5.3%, FHA AND VA AT 4.5% ALL FIXED FOR 30 YEARS.I INVITE YOU TO SUBSCRIBE TO MY YOUTUBE CHANNEL: ALBERTOPACHECO REALTOR..I UPLOAD A VIDEO EVERY WEEKAlberto Pacheco . . .
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