Posts by pwsadmin

How to proceed in a Cooling Housing Market! Now that the crazy Covid Market is mainly behind us (super low inventory and frantic buyers) we’re starting to see the housing inventory rise. But it’s still a sellers’ market. In the spring of 2021, we had an average of about 300 homes for sale (a lot…

Homes Sales vs. Home Prices: There’s been quite a bit of rhetoric out there (lately) claiming that the home sales will start tailing off… In my opinion this is true…only because home sales is a term that refers to the quantity/number of homes that sold not the value of the home. The media needs to…

Are we really headed for a housing bubble? Well, if you listen to some of the media outlets you would think it’s right around the corner. I don’t see it happening any time soon and here’s why. Number one: We’re still in a housing shortage. Even though the inventory has gone from approximately 300 homes for…

Is this Market Really THAT HOT??? As most of you know, I like to use the 93536 (Lancaster west) zip code for my data and analytics. Today, that parameter encompasses… Ave. I on the north to Ave. L on the south and from 20th st. west to 60th st. west. This is 12 square miles…

Good Information on the Current Real Estate Market The California Median sales price for a home is $813,980.00 The National Assoc. of Home Builders reported a 9.5% decrease in overall housing starts in April due to Rising building materials. Still, housing starts are projected to reach 1.6 million for all of 2021 and 1.7 million…

The SCOOP on Prop 19 and Home Owner Tax Savings As of April 1st 2021, home owners 55 years of age and older, severely disabled or whose home was destroyed by wildfire or natural disaster may transfer their taxable value of their primary residence to a replacement primary residence…. Anywhere in the state of California… regardless…

How Long Will this Last? Recently, I’ve been hearing people say that they think this current real estate market is about to end. But I say… I don’t think so… and this is why. Even though we have a new administration, with a different agenda, the economy is still pretty strong AND once we open…

How to get your offer accepted: These are very competitive times. So, in order to get your offer accepted (when there are 15 other offers on the same property) you need to get creative AND you have to have an Advantage (pun intended J ) Just a few short years ago you could make an offer on…

Outside temps just as hot as the real estate market. WOW!!! As of the writing of this newsletter (6-28-2021) we have had a year over year home price increase of over 23%. I’m not sure home prices will continue to rise at this pace but the demand is still high AND the interest rates are still low. So, as the economy…