Posts by pwsadmin

That’s a great question and here’s what I see. From the end of February to the end of July this year, there has been a 36% increase in the number of homes for sale in the Greater Antelope Valley Association of Realtors Multiple Listing Service (GAVAR MLS). This is a pretty big jump for a…

In a recent release from Buffini & Company, Home Prices Have Increased 971% since 1967. WOW!!! That’s HUGE! One thing if for sure, over time, owning real estate will increase your wealth.  I often create a chart that shows how home prices have increased over the years. This chart shows the peaks and valleys of…

With Mortgage rates still in the 6-7% range and housing inventory slowly on the rise it is imperative to at least have these 3 things dialed in if you want to get TOP DOLLAR for your home. 1. Curb Appeal: Make your home inviting with well-manicured landscaping, clean walkways and a splash of color with…

A LinkedIn article states that approximately 90% of millionaires attribute their wealth to their real estate holdings. As we know, buying and owning your own home is one of the biggest investments most people make. Handing down a real estate related investment portfolio to your children is a great way to create generational wealth. And…

Coming Soon… a MANDATORY Buyer Representation and Broker Compensation Agreement (aka BRBC) between a home buyer and their real estate agent… very similar to the Residential Listing Agreement (RLA) for home sellers. We have been using this (BRBC) for a while and soon (June or July of 2024), it will become mandatory. I’ve been a…

Pent up demand and lower interest rates will be the driving forces for the real estate market this Spring.For example, in November of 2023 the 30-year mortgage rate was 7.76%. Historically not a high number, but a whole lot higher than the 3.09% of November 2021. And today, at the writing of this newsletter for…

Every now and then I take a look to see how home prices fared on a year over year basis. Today I will be using the time frames from November 29 th of 2022 to January 29 th of 2023 (Sample A) vs November 29 th 2023 to January 29 th 2024 (sample B)… a…

As you may have heard, interest rates have come down quite a bit. According to Freddiemac.com, mortgage rates have come down about 1.125% since October 26, 2023 even though the Federal Reserve Board hasn’t changed their rates at all. This is mainly because the entities that lend the money (mortgage bankers) were poised for more…

In a recent study I found that the number of homes that sold (sales volume) decreased from the two-month period of September 27 th to November 27 th of 2022 vs the two-month period of September 27 to November 27 th 2023. In a sample area that was taken from the Greater Antelope Valley Association…

Here’s a new twist on an old product… Assumable loans. FHA (Federal Housing Authority) and VA (Veterans Administration) backed mortgages can be assumed as long as the borrower qualifies. An estimated 14 million mortgages (64 % of mortgages) were refinanced during a seven-quarter period (the COVID quarters) and this doesn’t count all of the mortgages…