2016 Real Estate Market: State and Local Trends

shannonjones Buying a Home , CA , California , Cypress , Featured Articles , Long Beach , long beach homes , Los Alamitos , Real Estate , Real Estate Market Update , Seal Beach Leave a Comment

Real estate is a very local business and when you’re considering buying or selling a home, it’s important to focus not on the national trends, but on what’s going on in your state, city, neighborhood, and even on your street. Past trends and current statistics can assist you in planning. Here’s a look at the real estate market in California as well …

Are Millennials Finally Entering the Market?

shannonjones Real Estate Leave a Comment

Are Millennials finally ready for a place of their own? It appears that Millennials are finally beginning to enter the housing market. In a recent report, CoreLogic looked at the annual net change in household formations over the last decade (see graph below): It appears this is the year that Millennials are finally moving out of their parents’ basements and finding …

Home Equity: You May Have More Than You Think

shannonjones Featured Articles , Real Estate Leave a Comment

Do you know how much your home  is really worth and how much equity you have? CoreLogic recently released their 2015 2nd Quarter Equity Report which revealed that 759,000 properties had regained equity in the last quarter. That means that 91% of all mortgaged properties (approximately 45.9 million) are now in a positive equity position. Anand Nallathambi, president and CEO of …

Price-Up-KCM

Sales Up In (Almost) Every Price Range!

shannonjones Featured Articles , Real Estate , Selling a Home Leave a Comment

This is great news for Sellers! The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-7.7%). The decline in this price range points to the lower inventory of distressed …