Black Friday

Black Friday … For Homes?

shannonjones Buying a Home , Featured Articles Leave a Comment

Is It Black Friday for Homes? The Clock Is Ticking On Home Tax Breaks You probably already knew that now’s an ideal time to buy a home. We’ve told you only 9,845 times! Maybe even 9,846. Well, in case you needed more incentive, check this out: Some pretty sweet tax breaks that have made home buying particularly enticing are set to expire at the end of this year. Without any indication that those breaks will be extended, right now is kind of the Black Friday of home buying. “It’s anyone’s guess what Congress might do at the end of the year,” …

distressed property sales

Distressed Property Sales Hit New Low

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The National Association of Realtors (NAR) just released their Existing Home Sales Report revealing that distressed property sales accounted for 6% of sales in October. This is down from 9% in 2014 and the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that shows just how far the market has come since January 2012 when distressed sales accounted for 35% of all sales. Existing Home Sales Up Year-Over-Year Mortgage interest rates remained below 4% in October prompting existing home sales to stay at a healthy annual pace of 5.36 million. Year-over-year sales were …

home improvement

Home Improvements That Pay Off

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The 9 Most Financially Savvy Home Improvements You Can Make Whether you’re planning to live in your home for many years or considering selling it soon, you should know that some home improvement projects pay off more than others. Here are eight affordable (under $5,000) home improvement projects that’ll help you enjoy your home more today and provide excellent financial return in the future. Add the Finishing Touch of Molding Decorative molding is a classic touch that’s been around since the ancient Greeks and Romans first installed it to add grandeur to their buildings.  Centuries later, molding is still one of …

Point Fermin neighborhood

At Home in Point Fermin

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The Point Fermin Neighborhood is Rich With History and Views San Pedro is home to several distinct neighborhoods, and one of them is the beautiful and peaceful Point Fermin area. Point Fermin stretches from 25th and Gaffey Street to Cabrillo Beach. The neighborhood is home to several famous landmarks including the renowned Point Fermin Park, which houses the Point Fermin Lighthouse. The park provides residents with 37 landscaped areas that are perfect for picnics, exercising, and spectacular sunset viewings.     Bordering the coast, Catalina Island can also be viewed from the parks cliff side pathways. Along with a playground …

Santa Claus

Breakfast and Photos With Santa

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THE SHANNON JONES TEAM HOSTS BREAKFAST & PHOTOS WITH SANTA CLAUS Event Will Raise Funds For Long Beach Neighborhood Foundation’s 9th Annual One Day Christmas Store “Shopping with Dignity” The Shannon Jones Team of Keller Williams Realty is inviting is clients and the community for Breakfast and Photos with Santa Claus on Saturday December 5, 2015 from 9 a.m. to 11 a.m. Santa Claus will be on hand for guests to have professional photos taken by Christine Walker of CW Photography Designs. Guests can also enjoy breakfast and Christmas music while overlooking Alamitos Bay. Breakfast and professional photos are complimentary. However donations …

solar panel

How Much Value Does Solar Add?

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Recent Study Examined Cost and Value of Solar Energy Seeking to shed more light on how the installation of solar technology can impact home values, a team of researchers from the U.S. Department of Energy’s Lawrence Berkeley National Laboratory recently released a study showing how to calculate the value of green homes. According to the study, led by Appraisal Institute Designated Member Sandra K. Adomatis, homes with host-owned, solar photovoltaic (PV) energy systems are sold at a premium compared to homes without PV systems. The study was funded by the Department of Energy’s SunShot Initiative, a collaborative national effort whose …

Real estate superstitions

Lucky Numbers and Other Real Estate Superstitions

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It’s Friday the 13th, which some people consider unlucky.  Some superstitions never seem to die, even in real estate, and they are passed down through generations, especially in certain cultures. The thinking goes that if you follow these superstitions, you’ll increase your luck and sell your home quickly for a good price. Of course, superstitions won’t sell a home. But if they did, here’s how you’d get lucky in real estate. Pay attention to numerology Superstition around specific numbers can play a role in how people price their homes, which homes they won’t buy and even how builders number the floors of …

closing costs

New Law Protects From Surprise Closing Costs

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No More Surprises on Closing Costs: It’s the Law If you’re about to close on a new house, your timing couldn’t be better. Thanks to new mortgage rules from the Consumer Financial Protection Bureau (CFPB) that kicked in on Oct. 3, 2015, there’s good news on the dreaded loan paperwork front.You’ll now receive transparent loan and closing documents, which could save you money on small-print fees you might otherwise miss. In addition, you’ll get these docs three days prior to closing — not 15 minutes as sometimes happens — before it’s time to make everything official.The downside? The new rules, …


Where Are Mortgage Rates Headed?

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The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where mortgage rates are headed when deciding to buy now or wait until next year. Below is a chart created using Freddie Mac’s October 2015 U.S. Economic & Housing Marketing Outlook. As you can see interest rates are projected to increase steadily over the course of the next 12 months. How Will This Impact Your Mortgage Payment? Depending on the amount of the loan …

Long Beach Real Estate

Long Beach Real Estate Market Update for November 2015

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What’s Going On With Long Beach Real Estate? With prices up, inventory down and homes selling quickly, the fall housing market is a great time for home sellers in Long Beach. After taking a dip in September, the median home price in Long Beach increased to $525,400 last month, which is 7.9% higher than in October 2014. Homes are still selling relatively quickly in Long Beach. In October, the median days on market for a home to sell was 44, which was 8.3% less than in October 2014.   The number of homes for sale in Long Beach has been …